HI Insider Filing — 3,448-Share Sale and RSU Conversions on 09/30/2025

Rhea-AI Filing Summary

Daniel C. Hillenbrand, a director of Hillenbrand, Inc. (HI), filed a Form 4 reporting transactions dated 09/30/2025. The filing shows a disposition of 3,448 shares of common stock. It also details multiple indirect beneficial holdings held through trusts and entities, including 20,000, 8,631, 28,248, 48,611, 135,863, and 5,754 shares attributed to various trusts and partnerships.

The filing also reports the grant/settlement of several Restricted Stock Units on 09/30/2025, with specific vested units of 9, 24, 36, 25, 23, 24, 26, and 34 units converting to beneficial ownership totals of 1,111, 2,942, 4,400, 3,099, 2,862, 2,913, 3,165, and 4,122 shares respectively. The RSUs carry dividend equivalent rights and varying vesting rules as explained in the filing.

Positive

• Multiple RSUs vested09/30/2025, converting to direct holdings (e.g., 4,400 and 3,099 shares)
• Detailed disclosure of indirect holdings135,863 and 20,000 shares) improves transparency

Negative

• Disposition of 3,448 shares
• No price

Insights

Insider Transactions Analyst

Director sold 3,448 shares and received multiple vested RSUs on 09/30/2025.

The sale of 3,448 shares is explicitly reported as a disposition on 09/30/2025; no price is disclosed in the table. Concurrently, several previously granted Restricted Stock Units vested and converted to common shares, increasing direct holdings by reported unit totals such as 1,111, 2,942, and 4,400.

This filing documents changes in beneficial ownership through trusts and entities (e.g., holdings of 20,000 and 135,863 shares) and clarifies vesting and holding restrictions attached to RSUs, including dividend equivalent rights and post-service holding requirements.

Corporate Governance Specialist

Reported RSU vesting follows director compensation and holding policies.

The disclosure specifies that RSUs carry dividend equivalent rights and that earlier awards have post-service holding periods (six months or one day depending on grant date). Newer RSUs vest on the earlier of the next annual meeting or one year, with acceleration on change in control, death, disability, or cessation of directorship.

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).

1. Name and Address of Reporting Person^*

HILLENBRAND DANIEL C.

(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)

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								3,448	D
Common Stock								20,000	I	By Anne Hillenbrand Singleton Trust
Common Stock								8,631	I	By John and Joan GC TR FBO (John, Rose and Olivia)
Common Stock								28,248	I	By John and Joan CRT IMA
Common Stock								48,611	I	By Hillenbrand II TR FBO (John, Rose and Olivia)
Common Stock								135,863	I	By Clear Water Capital Partners, LP
Common Stock								5,754	I	By John and Joan GC TR FBO (Eleanor and Sarah)

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 5/10/18)	(1)	09/30/2025		A(2)		9		(3)	(3)	Common Stock	9	$0	1,111	D
Restricted Stock Units (Deferred Stock Award 2/14/19)	(1)	09/30/2025		A(2)		24		(3)	(3)	Common Stock	24	$0	2,942	D
Restricted Stock Units (Deferred Stock Award 2/13/20)	(1)	09/30/2025		A(2)		36		(3)	(3)	Common Stock	36	$0	4,400	D
Restricted Stock Units (Deferred Stock Award 2/11/21)	(1)	09/30/2025		A(2)		25		(4)	(4)	Common Stock	25	$0	3,099	D
Restricted Stock Units (Deferred Stock Award 2/10/22)	(1)	09/30/2025		A(2)		23		(4)	(4)	Common Stock	23	$0	2,862	D
Restricted Stock Units (Deferred Stock Award 2/24/23)	(1)	09/30/2025		A(2)		24		(4)	(4)	Common Stock	24	$0	2,913	D
Restricted Stock Units (Deferred Stock Award 2/20/24)	(1)	09/30/2025		A(2)		26		(4)	(4)	Common Stock	26	$0	3,165	D
Restricted Stock Units (Deferred Stock Award 2/18/25)	(1)	09/30/2025		A(2)		34		(4)	(4)	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 immediately upon grant. However, for awards granted prior to May 2014, directors must hold the underlying shares of common stock of the Company for six months after they cease serving as a director, and for awards granted in May 2014 or later, directors must hold the underlying shares of common stock of the Company for one day after the director ceases serving.

4. 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 Daniel C. Hillenbrand.	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.
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FAQ

What did Daniel C. Hillenbrand report on the Form 4 for HI?

The Form 4 reports a disposition of 3,448 common shares09/30/2025 and the conversion/vesting of multiple Restricted Stock Units into common shares.

How many shares did the RSUs convert to on 09/30/2025?

The filing lists vested RSU conversions with beneficial ownership totals of 1,111, 2,942, 4,400, 3,099, 2,862, 2,913, 3,165, and 4,122 shares for the respective awards.

Are there indirect holdings reported for Daniel C. Hillenbrand?

Yes. The Form 4 reports indirect holdings through trusts/partnerships, including amounts such as 20,000, 8,631, 28,248, 48,611, 135,863, and 5,754 shares.

Do the Restricted Stock Units carry dividend rights or holding restrictions?

Yes. The RSUs carry dividend equivalent rights

Was a sale price disclosed for the 3,448-share disposition?

No. The table shows the disposition of 3,448 shares