HILLENBRAND DANIEL C. 4

What Happened

• Daniel C. Hillenbrand, a director of Hillenbrand, Inc. (HI), had a series of dispositions to the issuer on Feb 10, 2026 in connection with a merger. In total 275,341 shares and share-equivalent units were converted for cash.
• The filing shows the per-share price as N/A, but the merger agreement (Footnote F1) provides that each outstanding share of common stock was converted into the right to receive $32.00 in cash. The aggregate consideration equals approximately $8,810,912.
• Several line items include derivative units: time-vesting and vested restricted stock units were cancelled and converted to cash per Footnote F2.

Key Details

• Transaction date: February 10, 2026 (Effective Time of the merger).
• Per-share consideration: $32.00 cash per share under the Merger Agreement (filing lines show price N/A; see Footnote F1).
• Total shares/units converted: 275,341 (sum of listed dispositions).
• Estimated total cash received: $8,810,912.
• Shares owned after the transaction: Not specified in the provided filing details.
• Notable footnotes: F1 describes the merger consideration ($32/share); F2 explains RSUs and deferred shares were cancelled for cash equal to shares × $32, less withholding.
• Filing timeliness: Reported and filed on Feb 10, 2026 (same day as the transaction effective date).

Context

• These disposals were involuntary in the sense they resulted from the closing of a merger where all outstanding shares and eligible equity awards were cashed out at the agreed merger price, rather than open-market sales by the insider.
• For retail investors, merger-related cash-outs are routine corporate events and do not necessarily indicate insider sentiment about future performance.