HI Form 4: Neil Novich Granted 543 Restricted Stock Units
Rhea-AI Filing Summary
Neil S. Novich, a director of Hillenbrand, Inc. (HI), reported acquisitions of 543 restricted stock units (RSUs) on 09/30/2025 tied to past director awards and deferred fees. Each RSU represents a contingent right to one share and accrues dividend equivalents. Several RSU tranches vested immediately on grant while others vest at the next annual meeting or within one year; certain awards convert to shares on retirement. The reported acquisitions were issued at $0 as compensation and increase Mr. Novich's direct beneficial ownership in the company.
Positive
- 543 RSUs acquired on 09/30/2025, increasing director alignment with shareholders
- RSUs accrue dividend equivalents, preserving economic parity with common shares
Negative
- None.
Insights
Director received 543 RSUs, reflecting routine compensation.
Form 4 shows 543 RSUs granted or converted for Mr. Novich on 09/30/2025, consistent with director equity compensation practices rather than open-market trades.
This filing documents immediate vesting for several prior awards and retention/holding requirements that differ by grant date; these conditions affect when shares will be deliverable and how long the director must hold them after leaving the board.
All RSUs are compensation-based and carry dividend equivalents.
The RSUs are reported with a $0 price and each unit converts to one share, indicating non‑cash compensation. Some units vest immediately while others vest on the next annual meeting or within a year, and certain awards convert on retirement.
The mix of vesting schedules and the automatic conversion on retirement determine the timing of share issuance but no cash transaction occurred on the reported date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/24/10) | 33 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/23/11) | 50 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/22/12) | 47 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/27/13) | 43 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/26/14) | 33 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/25/15) | 33 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/24/16) | 38 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/22/17) | 27 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/15/18) | 24 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/14/19) | 24 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/13/20) | 36 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/11/21) | 25 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/10/22) | 23 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/24/23) | 24 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/20/24) | 26 | $0.00 | -- |
| Grant/Award | Restricted Stock Units (Deferred Stock Award 2/18/25) | 34 | $0.00 | -- |
| Grant/Award | Deferred Director Fees | 23 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock. Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates. These Restricted Stock Units vest immediately upon grant. However, for awards granted prior to May 2014, directors must hold the underlying shares of common stock of the Company for six months after they cease serving as a director, and for awards granted in May 2014 or later, directors must hold the underlying shares of common stock of the Company for one day after the director ceases serving. These Restricted Stock Units vest on the earlier to occur of the issuer's next annual meeting of shareholders or one year from the date of grant; provided, that these Restricted Stock Units will immediately vest upon, and in any case delivery of the shares underlying these Restricted Stock Units will not occur until, the occurrence of one of the following: a change in control of the issuer, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the issuer. These Restricted Stock Units will be automatically converted into shares of stock upon the reporting person's retirement from the Board of Directors of the Company.
