Sawhney Inderpreet 4

What Happened

• Inderpreet Sawhney, a director of Hillenbrand, had 14,027 restricted stock units (derivative interests) cancelled and converted into cash in connection with Hillenbrand's merger. Each RSU was converted into the right to receive $32.00 per share, producing total cash proceeds of $448,864 (14,027 × $32.00).
• This was not an open-market sale by the insider; the RSUs were cancelled and paid out under the terms of the merger agreement (transaction code D — disposition of a derivative).

Key Details

• Transaction date: February 10, 2026 (Effective Time of the merger); Filing date: February 10, 2026.
• Price/consideration: $32.00 per share; total proceeds ≈ $448,864.
• Shares disposed (derivative units): 14,027 RSUs cancelled for cash.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 and F2 explain the merger with LSF12 Helix Parent, LLC and that outstanding time-vesting and vested deferred RSUs were cancelled for cash equal to number of shares × $32.00, less required withholding taxes.
• Timeliness: Filed same day as the transaction date (no late filing indicated).

Context

• This was a merger-related cash-out of equity awards, not an opportunistic open-market sale by the director; such conversions are routine in M&A transactions and do not necessarily reflect personal trading decisions.
• Withholding taxes were applied to RSU payouts per the filing.