HI Insider Filing: Carole Phillips Reports RSU Acquisitions on 09/30/2025

Rhea-AI Filing Summary

Carole Anne Phillips, Senior Vice President & Chief Procurement Officer of Hillenbrand, Inc. (HI), reported changes in beneficial ownership on 09/30/2025. The Form 4 shows the acquisition (settlement) of multiple Restricted Stock Units (RSUs): 4 RSUs from a 12/07/2022 award (bringing that award's underlying common stock total to 578 shares), 13 RSUs from a 12/07/2023 award (total 1,629 shares), 23 RSUs from a 12/05/2024 award (total 2,824 shares), and 23 Matching RSUs under the Executive Share Match framework (listed as 2,788 underlying shares). Each RSU represents the contingent right to one share and RSUs carry dividend equivalence where noted. The filing was signed by an attorney-in-fact on 10/02/2025.

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Phillips Carole Anne

(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 Proc. Officer

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								0	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 12/07/2022)	(1)	09/30/2025		A(2)		4		(3)	(3)	Common Stock	4	$0	578	D
Restricted Stock Units (Deferred Stock Award 12/7/2023)	(1)	09/30/2025		A(2)		13		(4)	(4)	Common Stock	13	$0	1,629	D
Restricted Stock Units (Deferred Stock Award 12/5/2024)	(1)	09/30/2025		A(2)		23		(5)	(5)	Common Stock	23	$0	2,824	D
Restricted Stock Units (Matching RSU Framework 03/31/2025)	(1)	09/30/2025		A(2)		23		(6)	(6)	Common Stock	23	$0	2,788	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.

6. Represents Matching RSUs granted under the Company's Executive Share Match framework that will vest on March 31, 2028 and be settled in shares of the Company's common stock or cash to the extent the vesting conditions of the framework are satisfied.

Remarks:

	/s/ Allison A. Westfall, Attorney-in-Fact for Carole Anne Phillips	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.
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 transactions did Carole Anne Phillips report on Form 4 for HI?

The Form 4 reports acquisition/settlement of Restricted Stock Units: 4, 13, 23, and 23 RSUs from awards dated 12/07/2022, 12/07/2023, 12/05/2024, and 03/31/2025 (matching RSUs) respectively, all with transaction date 09/30/2025.

How many shares did each RSU award represent after the reported settlements?

The Form 4 lists underlying common stock totals after settlement as 578, 1,629, 2,824, and 2,788 shares for the respective awards.

Do the reported RSUs carry dividend rights?

Yes. The filing states RSUs are entitled to dividend equivalent rights which accrue on dividend record dates.

When do the stated RSU awards vest according to the filing?

The filing discloses vesting schedules: the 12/07/2022 and 12/07/2023 awards vest one-third annually over three years ending in 2025 and 2026 respectively; the 12/05/2024 award vests one-third annually through 2027; the matching RSUs vest on 03/31/2028 subject to framework conditions.

Who signed the Form 4 and when?

The Form 4 was signed by /s/ Allison A. Westfall, Attorney-in-Fact for Carole Anne Phillips, on 10/02/2025.