Gary Collar L 4
4 · Hillenbrand, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Hillenbrand (HI) Director Gary Collar Redeems 36,501 RSUs for Cash
What Happened
- Gary Collar, a director of Hillenbrand, had 36,501 restricted stock units (derivative securities) cancelled and converted into cash as part of a merger. Each unit was converted into the right to receive $32.00 in cash, so the gross consideration was approximately $1,168,032 (36,501 × $32). The filing classifies this as a disposition to the issuer of derivative securities in connection with the merger.
Key Details
- Transaction date: 2026-02-10 (Effective Time of the merger); Form 4 filed the same day (timely).
- Consideration: $32.00 per share (Merger Consideration) → gross ~ $1,168,032 for 36,501 units; actual payment net of any required withholding taxes per the filing.
- Security type: Restricted stock units / derivative securities cancelled for cash (disposition to issuer).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 describes the merger that converted outstanding common shares into $32 cash per share. F2 explains that time‑vesting and vested deferred RSUs were cancelled in exchange for cash equal to number of units × $32 less withholding.
Context
- This was not an open‑market sale or an exercise; it was a contractual cash-out of RSUs under the merger agreement. Such conversions are routine deal consideration rather than an active buy/sell signal by the insider.
Insider Transaction Report
Form 4Exit
Gary Collar L
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
[F1][F2]2026-02-10−36,501→ 0 total→ Common Stock (36,501 underlying)
Footnotes (2)
- [F1]On February 10, 2026, pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 14, 2025, by and among Hillenbrand, Inc., an Indiana corporation (the "Issuer"), LSF12 Helix Parent, LLC, a Delaware limited liability company ("Parent"), and LSF12 Helix Merger Sub, Inc., an Indiana corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), on the terms and subject to the conditions set forth in the Merger Agreement, each share of the Issuer's common stock, without par value ("Common Stock"), issued and outstanding immediately prior to such time, with certain exceptions, was converted into the right to receive $32.00 in cash (the "Merger Consideration"), without interest.
- [F2]Each restricted stock unit represents the contingent right to receive one share of the Common Stock. At the Effective Time, each time-vesting restricted stock unit and each vested deferred share granted or deemed purchased pursuant to an Issuer equity incentive or deferred compensation plan (each, a "Company Restricted Stock Unit") outstanding immediately prior to the Effective Time, whether vested or unvested, was cancelled in consideration for the right to receive a cash payment equal to the product of (i) the number of shares of Common Stock subject to such Company Restricted Stock Unit and (ii) the Merger Consideration, less any required withholding taxes.
Signature
/s/ Allison A. Westfall, Attorney-in-Fact for Gary L. Collar|2026-02-10