Greenway Joy M 4

What Happened
Joy M. Greenway, a director of Hillenbrand, Inc. (HI), had 45,733 restricted stock units (derivative securities) cancelled and converted into cash in connection with the company’s merger. Each share was converted into $32.00 in cash, so the transaction generated $1,463,456 (less any required withholding).

Key Details

• Transaction date: February 10, 2026.
• Transaction type/code: Disposition to issuer (D); derivative securities (restricted stock units) cancelled.
• Price per share / consideration: $32.00 cash per share.
• Total consideration: $1,463,456 before withholding.
• Shares reported in the filing: 45,733 units disposed. Shares owned after transaction: not specified in the Form 4.
• Footnotes: F1–F2 explain the Merger Agreement converting outstanding common stock and restricted stock units into $32.00 cash per share and that RSUs were cancelled for cash payments less required withholding.
• Filing timeliness: Reported on 2026-02-10 (same date as the transaction), not flagged as late.

Context
This was not an open-market sale by the director but a cash-out of equity compensation (time-vesting and/or deferred RSUs) resulting from the merger of Hillenbrand into the buyer. Such dispositions are routine in deal closings and reflect transaction terms rather than a stand-alone insider sale decision.