Hillenbrand (NYSE: HI) officer discloses RSU vesting and share sales in Form 4

Rhea-AI Filing Summary

Hillenbrand, Inc. officer reports stock and RSU activity. Senior Vice President & President, APS, Bartel Ulrich reported multiple transactions in company common stock on 12/05/2025 and 12/07/2025. Restricted Stock Units converted into common shares at $0, including 3,253 shares on 12/05/2025 and 4,676 shares on 12/07/2025, reflecting scheduled vesting.

To cover related obligations, 1,677 shares were disposed of at $31.82 on 12/05/2025 and 2,410 shares at $31.82 on 12/07/2025. After these transactions, Ulrich directly owned 29,508 shares of common stock and held derivative awards including 2,820 Restricted Stock Units from a 2023 award and 6,510 Restricted Stock Units from a 2024 award, each unit representing the right to receive one share of common stock with scheduled vesting over three years.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bartel Ulrich

(Last) (First) (Middle)

ONE BATESVILLE BOULEVARD

(Street)

BATESVILLE IN 47006

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hillenbrand, Inc. [ HI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP & President, APS

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/05/2025		M		3,253	A	$0(1)	28,919	D
Common Stock	12/05/2025		F		1,677	D	$31.82	27,242	D
Common Stock	12/07/2025		M		4,676	A	$0(1)	31,918	D
Common Stock	12/07/2025		F		2,410	D	$31.82	29,508	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units (Deferred Stock Award 12/7/2022)	(1)	12/07/2025		M(2)			1,859	(3)	(3)	Common Stock	1,859	$0	0	D
Restricted Stock Units (Deferred Stock Award 12/7/2023)	(1)	12/07/2025		M(2)			2,817	(4)	(4)	Common Stock	2,817	$0	2,820	D
Restricted Stock Units (Deferred Stock Award 12/5/2024)	(1)	12/05/2025		M(2)			3,253	(5)	(5)	Common Stock	3,253	$0	6,510	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock.

2. Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.

3. Restricted Stock Units scheduled to vest one-third on 12/7/2023, one-third on 12/7/2024, and one-third on 12/7/2025.

4. Restricted Stock Units scheduled to vest one-third on 12/7/2024, one-third on 12/7/2025, and one-third on 12/7/2026.

5. Restricted Stock Units scheduled to vest one-third on 12/5/2025, one-third on 12/5/2026, and one-third on 12/5/2027.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Bartel Ulrich	12/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Hillenbrand (HI) report for Bartel Ulrich?

The filing shows that Senior Vice President & President, APS, Bartel Ulrich reported the vesting of Restricted Stock Units that converted into common stock and related share dispositions, all occurring on 12/05/2025 and 12/07/2025.

How many Hillenbrand (HI) shares did Bartel Ulrich acquire and dispose of?

Ulrich acquired 3,253 common shares on 12/05/2025 and 4,676 shares on 12/07/2025 through RSU vesting at $0, and disposed of 1,677 shares and 2,410 shares at $31.82 on those same dates.

What is Bartel Ulrich’s direct common stock ownership in Hillenbrand after these transactions?

Following the reported transactions, Bartel Ulrich directly owned 29,508 shares of Hillenbrand common stock.

What Restricted Stock Units does Bartel Ulrich hold in Hillenbrand (HI) after the filing?

After the transactions, Ulrich held 2,820 Restricted Stock Units from a deferred stock award dated 12/7/2023 and 6,510 Restricted Stock Units from a deferred stock award dated 12/5/2024, each RSU representing the right to receive one share of common stock.

How do the Hillenbrand Restricted Stock Units for Bartel Ulrich vest?

The RSUs from the 12/7/2023 award are scheduled to vest one-third on 12/7/2024, one-third on 12/7/2025, and one-third on 12/7/2026. The RSUs from the 12/5/2024 award are scheduled to vest one-third on 12/5/2025, one-third on 12/5/2026, and one-third on 12/5/2027.

What does each Hillenbrand Restricted Stock Unit represent in this Form 4?

Each Restricted Stock Unit represents the contingent right to receive one share of Hillenbrand common stock and is entitled to dividend equivalent rights that accrue on dividend record dates.