J. Michael Whitted - 02 Dec 2022 Form 4 Insider Report for Hillenbrand, Inc. (HI)

Role: Sr. VP Strategy & Corp Dev
Signature: /s/ Veronica L. McCarthy as Attorney-in-Fact for J. Michael Whitted
Issuer symbol: HI
Transactions as of: 02 Dec 2022
Net transactions value: -$58,284
Form type: 4
Filing time: 06 Dec 2022, 15:15:41 UTC
Previous filing: 02 Dec 2022
Next filing: 08 Dec 2022
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		+1,719	+14%		14,364	02 Dec 2022	Direct	F1
transaction	HI	Common Stock	Tax liability	$26,158	-504	-3.5%	$51.90	13,860	02 Dec 2022	Direct
transaction	HI	Common Stock	Options Exercise		+2,110	+15%		15,970	03 Dec 2022	Direct	F1
transaction	HI	Common Stock	Tax liability	$32,126	-619	-3.9%	$51.90	15,351	03 Dec 2022	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 12/2/2021)	Options Exercise	$0	-1,719	-33%	$0.000000	3,435	02 Dec 2022	Common Stock	1,719		Direct	F1, F2, F3
transaction	HI	Restricted Stock Units (Deferred Stock Award 12/3/2020)	Options Exercise	$0	-2,110	-50%	$0.000000	2,109	03 Dec 2022	Common Stock	2,110		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 or 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 scheduled to vest one-third on 12/2/2022, one-third on 12/2/2023, and one-third on 12/2/2024.
F4	Restricted Stock Units scheduled to vest one-third on 12/3/2021, one-third on 12/3/2022, and one-third on 12/3/2023.