Form 4: HI director Joseph Lower granted 34 RSUs; now owns 4,122 shares

Rhea-AI Filing Summary

Hillenbrand director Joseph T. Lower filed a Form 4 reporting changes in his beneficial ownership. On 09/30/2025 he was credited with 34 Restricted Stock Units (granted 02/18/2025) that represent the right to receive 34 shares of the issuer's common stock. Following the reported transaction he beneficially owned 4,122 shares of Hillenbrand common stock. The RSUs carry dividend equivalent rights and vest on the earlier of the next annual meeting or one year from grant, but they will become immediately vested on a change in control, the director's death or permanent total disability, or one day after he ceases to be a director. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Positive

• Received 34 Restricted Stock Units which align director compensation with shareholder value
• Beneficial ownership increased to 4,122 shares, signaling continued director stake in the company

Negative

• None.

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

OMB APPROVAL

OMB Number:			3235-0287
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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).

1. Name and Address of Reporting Person^*

Lower Joseph T

(Last) (First) (Middle)

ONE BATESVILLE BOULEVARD

(Street)

BOULEVARD 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)
09/30/2025

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								79	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 2/18/25)	(1)	09/30/2025		A(2)		34		(3)	(3)	Common Stock	34	$0	4,122	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 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 Joseph T. Lower	10/02/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What change did Hillenbrand (HI) director Joseph T. Lower report on Form 4?

He reported receipt of 34 Restricted Stock Units on 09/30/2025, increasing his beneficial ownership to 4,122 shares.

When do the Restricted Stock Units reported by Joseph T. Lower vest?

They vest on the earlier of the issuer's next annual meeting or one year from the grant date, with immediate vesting on a change in control, the director's death or permanent total disability, or one day after he ceases to be a director.

Do the Restricted Stock Units include dividend rights?

Yes, the RSUs are entitled to dividend equivalent rights which accrue on dividend record dates.

What form was filed and when was it signed?

A Form 4 was filed reporting the transaction and it was signed by an attorney-in-fact on 10/02/2025.

What is Joseph T. Lower's role at Hillenbrand?

He is a director of Hillenbrand, as indicated on the Form 4.