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
Her 16,901 restricted stock units are cancelled and replaced with a cash payment equal to the number of underlying shares times the
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