Sawhney Inderpreet 4

What Happened
Inderpreet Sawhney, a director of Hillenbrand, disposed of a total of 17,488 company interests on February 10, 2026: 587 shares of common stock and 16,901 restricted stock units (RSUs). These were not open-market sales but conversions under the merger of Hillenbrand into a subsidiary of LSF12 Helix, where each share of Hillenbrand common stock was converted into $32.00 in cash. The gross value of the converted interests is approximately $559,616 (17,488 × $32); RSU payouts are subject to required tax withholding and the filing lists per-share price as N/A because the conversion occurred through the merger.

Key Details

• Transaction date: February 10, 2026 (same day listed on the Form 4 filing).
• Consideration: $32.00 cash per share under the Merger Agreement; filing shows price as N/A because shares/RSUs were converted in the merger.
• Shares/RSUs disposed: 587 common shares + 16,901 RSUs = 17,488 total.
• Approximate gross cash received: $559,616 (before any withholding on RSU proceeds).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 describes the merger conversion of common stock to $32 cash; F2 states RSUs were cancelled for a cash payment equal to units × $32 less withholding taxes.
• Timeliness: filing date matches the transaction date (no late filing indicated in the provided data).

Context
This was a merger-related disposition (transaction code D) rather than an open-market sale; it reflects the contractual conversion of Hillenbrand equity into cash as part of the company being acquired. Derivative units (RSUs) were cashed out per the merger terms and may have had taxes withheld, reducing net proceeds. Such merger-driven dispositions are routine outcomes of the transaction and do not by themselves signal the insider’s view of the company’s future.