Hillenbrand (HI) director Rumsey has stock and 16,901 RSUs cashed out at $32
Rhea-AI Filing Summary
Hillenbrand, Inc. director Jennifer Rumsey reported the cash-out of her equity in connection with the company’s merger with LSF12 Helix Parent, LLC. At the merger’s effective time, each share of common stock was converted into the right to receive $32.00 in cash, without interest.
Rumsey’s 16,901 restricted stock units, each representing one share of common stock, were cancelled and converted into a cash payment based on the $32.00 per-share merger consideration, less taxes. In addition, 587 common shares held indirectly through The Revocable Living Trust Agreement Jennifer W. Rumsey were likewise converted into the right to receive the same cash consideration per share.
Positive
- None.
Negative
- None.
Insights
Director equity awards and trust-held shares are cashed out at $32.00 per share in the Hillenbrand merger.
This filing shows how Jennifer Rumsey’s equity is treated in the Hillenbrand take-private transaction. At the effective time of the merger, each share of common stock is converted into the right to receive $32.00 in cash, aligning her treatment with other shareholders.
Her 16,901 restricted stock units are cancelled and replaced with a cash payment equal to the number of underlying shares times the $32.00 merger consideration, less withholding taxes. This also eliminates her derivative equity exposure, as indicated by the zero balance of derivative securities following the transaction.
Separately, 587 common shares held indirectly through The Revocable Living Trust Agreement Jennifer W. Rumsey are also converted into the cash merger consideration. After these steps, the reported positions show zero remaining common stock and restricted stock units, consistent with Hillenbrand becoming a wholly owned subsidiary of LSF12 Helix Parent, LLC at the merger’s effective time on February 10, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 16,901 | $0.00 | -- |
| Disposition | Common Stock | 587 | $0.00 | -- |
Footnotes (1)
- 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. 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.
FAQ
What insider transaction did Hillenbrand (HI) director Jennifer Rumsey report?
What happened to Jennifer Rumsey’s 16,901 restricted stock units at Hillenbrand?
Did Jennifer Rumsey retain any Hillenbrand (HI) equity after the merger transaction?
What does the Merger Agreement involving Hillenbrand (HI) and LSF12 Helix Parent cover?