J. Michael Whitted - 18 Jun 2021 Form 4 Insider Report for Hillenbrand, Inc. (HI)

Role: Sr. VP Strategy & Corp Dev
Signature: /s/ Peter V. Hilton as Attorney-in-Fact for J. Michael Whitted
Issuer symbol: HI
Transactions as of: 18 Jun 2021
Net transactions value: -$46,616
Form type: 4
Filing time: 21 Jun 2021, 20:45:15 UTC
Next filing: 02 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HI	Common Stock	Options Exercise	$0	+3,852	+34%	$0.000000	15,275	18 Jun 2021	Direct
transaction	HI	Common Stock	Tax liability	$46,616	-1,129	-7.4%	$41.29	14,146	18 Jun 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HI	Restricted Stock Units (Deferred Stock Award 6/18/18)	Options Exercise	$0	-3,852	-100%	$0.000000^*	0	18 Jun 2021	Common Stock	3,852		Direct	F1, F3
transaction	HI	Restricted Stock Units (Deferred Stock Awards 6/18/21)	Award	$0	+50,859		$0.000000	50,859	18 Jun 2021	Common Stock	50,859		Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Conversion of Exercise Price of Derivative Securities is 1-for-1.
F2	Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.
F3	Restricted Stock Units vest in full on 6/18/21
F4	Restricted Stock Units vest 33% on 6/18/22, 33% on 6/18/23, and 34% on 6/18/24.