Gary Collar L 4

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.