Hillenbrand (HI) director Helen W. Cornell cashes out RSUs and shares at $32 merger price
Rhea-AI Filing Summary
Hillenbrand, Inc. director Helen W. Cornell reported the automatic cancellation and cash-out of equity awards and shares in connection with the company’s merger. On February 10, 2026, Hillenbrand merged with a subsidiary of LSF12 Helix Parent, LLC and became its wholly owned subsidiary.
At the merger’s effective time, each share of Hillenbrand common stock was converted into the right to receive $32.00 in cash, without interest. Cornell reported the disposition of 61,056 restricted stock units, each tied to one share of common stock, and 13,191 common shares held indirectly through the Helen W. Cornell 2020 Irrevocable Trust and the Helen W. Cornell Revocable Trust, all resulting in cash consideration instead of ongoing equity ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,191 shares
Net Sell
3 txns
Insider
CORNELL HELEN W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 61,056 | $0.00 | $0.00 |
| Disposition | Common Stock | 11,691 | $0.00 | $0.00 |
| Disposition | Common Stock | 1,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 0 shares (Indirect, By Helen W. Cornell 2020 Irrevocable Trust);
Common Stock — 0 shares (Indirect, By Helen W. Cornell Rev. Trust)
Footnotes (2)
- F1. On February 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 14, 2025, by and among Hillenbrand, Inc., an Indiana corporation (the "Issuer"), LSF12 Helix Parent, LLC, a Delaware limited liability company ("Parent"), and LSF12 Helix Merger Sub, Inc., an Indiana corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), on the terms and subject to the conditions set forth in the Merger Agreement, each share of the Issuer's common stock, without par value ("Common Stock"), issued and outstanding immediately prior to such time, with certain exceptions, was converted into the right to receive $32.00 in cash (the "Merger Consideration"), without interest.
- F2. Each restricted stock unit represents the contingent right to receive one share of the Common Stock. At the Effective Time, each time-vesting restricted stock unit and each vested deferred share granted or deemed purchased pursuant to an Issuer equity incentive or deferred compensation plan (each, a "Company Restricted Stock Unit") outstanding immediately prior to the Effective Time, whether vested or unvested, was cancelled in consideration for the right to receive a cash payment equal to the product of (i) the number of shares of Common Stock subject to such Company Restricted Stock Unit and (ii) the Merger Consideration, less any required withholding taxes.
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FAQ
What did Hillenbrand (HI) director Helen W. Cornell report in this Form 4?
Helen W. Cornell reported the disposition of equity in Hillenbrand due to a merger. Her restricted stock units and indirectly held common shares were cancelled or converted into the right to receive cash at a fixed merger price per share.
How many Hillenbrand (HI) restricted stock units were affected for Helen W. Cornell?
Helen W. Cornell reported 61,056 restricted stock units being disposed of on February 10, 2026. Each unit represented a right to one share of common stock and was cancelled for a cash payment based on the $32.00 per share merger consideration.
What merger transaction triggered Helen W. Cornell’s Form 4 filing for Hillenbrand (HI)?
The filing stems from a merger where LSF12 Helix Merger Sub, Inc. merged into Hillenbrand, Inc. Hillenbrand survived as a wholly owned subsidiary of LSF12 Helix Parent, LLC, and outstanding common shares and certain equity awards were converted to cash rights.
How were Helen W. Cornell’s restricted stock units in Hillenbrand (HI) treated in the merger?
Each restricted stock unit, representing a right to one common share, was cancelled at the merger’s effective time. In exchange, Cornell became entitled to a cash payment equal to the number of underlying shares multiplied by the $32.00 merger consideration, less required tax withholding.