[Form 4] Hillenbrand, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Hillenbrand, Inc. reported insider equity transactions by senior executive Bhavik N. Soni, Sr. VP & Chief Information Officer. On December 5, 2025 and December 7, 2025, previously granted restricted stock units (RSUs) converted into common stock at an exercise price of $0, and some of the resulting shares were withheld at $31.82 per share, typically to cover tax obligations. After these transactions, Soni directly beneficially owned 15,496 shares of Hillenbrand common stock.

The RSUs stem from deferred stock awards granted in 2022, 2023, and 2024, each scheduled to vest in three annual installments on specific December dates through 2027. Each RSU represents the right to receive one share of common stock and carries dividend equivalent rights that accrue on dividend record dates.

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

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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^*

Soni Bhavik N.

(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 & Chief Info. Officer

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		1,027	A	$0(1)	15,062	D
Common Stock	12/05/2025		F		452	D	$31.82	14,610	D
Common Stock	12/07/2025		M		1,583	A	$0(1)	16,193	D
Common Stock	12/07/2025		F		697	D	$31.82	15,496	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)			692	(3)	(3)	Common Stock	692	$0	0	D
Restricted Stock Units (Deferred Stock Award 12/7/2023)	(1)	12/07/2025		M(2)			891	(4)	(4)	Common Stock	891	$0	888	D
Restricted Stock Units (Deferred Stock Award 12/5/2024)	(1)	12/05/2025		M(2)			1,027	(5)	(5)	Common Stock	1,027	$0	2,053	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 Bhavik N. Soni	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).
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 insider transaction did Hillenbrand (HI) report for Bhavik N. Soni?

The company reported that Bhavik N. Soni, Sr. VP & Chief Information Officer, had restricted stock units convert into Hillenbrand common stock on December 5, 2025 and December 7, 2025, with some shares withheld in transactions priced at $31.82 per share.

How many Hillenbrand (HI) shares does Bhavik N. Soni own after the reported transactions?

Following the reported transactions, Bhavik N. Soni directly beneficially owned 15,496 shares of Hillenbrand common stock.

What are the key terms of the Hillenbrand (HI) restricted stock units involved?

Each restricted stock unit (RSU) 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.

What are the vesting schedules for the Hillenbrand (HI) RSU awards reported?

The RSUs from the December 7, 2022 award vest one-third each on 12/7/2023, 12/7/2024, and 12/7/2025. The December 7, 2023 award vests one-third each on 12/7/2024, 12/7/2025, and 12/7/2026. The December 5, 2024 award vests one-third each on 12/5/2025, 12/5/2026, and 12/5/2027.

What exercise price applied to the Hillenbrand (HI) RSUs in this Form 4?

The restricted stock units converted into Hillenbrand common stock at an exercise price of $0, reflecting that these are share-based awards rather than options with a cash exercise cost.

Why were some Hillenbrand (HI) shares disposed of at $31.82 in the reported transactions?

The filing shows dispositions coded as F at a price of $31.82 per share. Such transactions typically indicate shares withheld or sold to satisfy related tax obligations when RSUs vest.