Hillenbrand (HI) director reports new restricted stock unit accruals

Rhea-AI Filing Summary

Hillenbrand, Inc. director Gary L. Collar reported routine equity awards in the form of restricted stock units (RSUs) tied to existing deferred stock awards. On 12/31/2025, he acquired small additional RSU amounts at a price of $0 under multiple prior grant years, including 12 RSUs linked to a 2015 deferred stock award and 33 RSUs linked to a 2016 award. Each RSU represents the right to receive one share of common stock and is entitled to dividend equivalent rights that accrue on dividend record dates. Many of these RSUs vest immediately or on the earlier of the next annual shareholder meeting or one year from grant, with delivery of shares deferred until a change in control, death or disability, or after he ceases serving as a director.

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^*

Gary Collar L

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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								0	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 5/5/15)	(1)	12/31/2025		A(2)		12		(3)	(3)	Common Stock	12	$0	1,808	D
Restricted Stock Units (Deferred Stock Award 2/24/16)	(1)	12/31/2025		A(2)		33		(3)	(3)	Common Stock	33	$0	4,729	D
Restricted Stock Units (Deferred Stock Award 2/22/17)	(1)	12/31/2025		A(2)		23		(3)	(3)	Common Stock	23	$0	3,342	D
Restricted Stock Units (Deferred Stock Award 2/15/18)	(1)	12/31/2025		A(2)		21		(3)	(3)	Common Stock	21	$0	2,954	D
Restricted Stock Units (Deferred Stock Award 2/14/19)	(1)	12/31/2025		A(2)		21		(3)	(3)	Common Stock	21	$0	2,963	D
Restricted Stock Units (Deferred Stock Award 2/13/20)	(1)	12/31/2025		A(2)		31		(3)	(3)	Common Stock	31	$0	4,431	D
Restricted Stock Units (Deferred Stock Award 2/11/21)	(1)	12/31/2025		A(2)		22		(4)	(4)	Common Stock	22	$0	3,121	D
Restricted Stock Units (Deferred Stock Award 2/10/22)	(1)	12/31/2025		A(2)		20		(4)	(4)	Common Stock	20	$0	2,882	D
Restricted Stock Units (Deferred Stock Award 2/24/23)	(1)	12/31/2025		A(2)		20		(4)	(4)	Common Stock	20	$0	2,933	D
Restricted Stock Units (Deferred Stock Award 2/20/24)	(1)	12/31/2025		A(2)		22		(4)	(4)	Common Stock	22	$0	3,187	D
Restricted Stock Units (Deferred Stock Award 2/18/25)	(1)	12/31/2025		A(2)		29		(4)	(4)	Common Stock	29	$0	4,151	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. These Restricted Stock Units vest immediately upon grant. However, delivery of these shares will not occur until the occurrence of one of the following: a change in control of the Company, the director's death or permanent and total disability, or one day after the date the director ceases to be a director of the Company.

4. 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.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Gary L. Collar	01/05/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Hillenbrand (HI) disclose in this Form 4?

The filing shows director Gary L. Collar acquired small additional restricted stock units (RSUs) on 12/31/2025 under several existing deferred stock awards, all at a price of $0 per unit.

How many Hillenbrand RSUs were involved in the new accruals?

The filing lists multiple small RSU acquisitions, including 12 RSUs tied to a 2015 deferred stock award and 33 RSUs tied to a 2016 award, with similar small additions for later grant years.

What does each Hillenbrand restricted stock unit represent for the director?

Each Restricted Stock Unit represents the contingent right to receive one share of Hillenbrand common stock, as described in the explanation of responses.

Do Hillenbrand RSUs reported here receive dividend equivalents?

Yes. The RSUs are entitled to dividend equivalent rights, which means additional units accrue on dividend record dates, as stated in the filing.

When do the reported Hillenbrand RSUs vest and settle?

Some RSUs vest immediately, while others vest on the earlier of the next annual shareholder meeting or one year from grant. In all cases, share delivery is deferred until a change in control, the director’s death or permanent and total disability, or one day after he ceases to be a director.

Is the reporting person a 10% owner of Hillenbrand (HI)?

No. The filing marks the reporting person as a Director and does not indicate 10% owner status.