KIMBERLY K. RYAN - 06 Dec 2022 Form 4 Insider Report for Hillenbrand, Inc. (HI)

Role: President and CEO
Signature: /s/ Veronica L. McCarthy, as Attorney-in-Fact for Kimberly K. Ryan
Issuer symbol: HI
Transactions as of: 06 Dec 2022
Net transactions value: +$664,745
Form type: 4
Filing time: 08 Dec 2022, 15:15:40 UTC
Previous filing: 06 Dec 2022
Next filing: 04 Jan 2023
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	$553,494	+10,821	+12%	$51.15	98,743	06 Dec 2022	Direct	F1
transaction	HI	Common Stock	Tax liability	$243,321	-4,757	-4.8%	$51.15	93,986	06 Dec 2022	Direct
transaction	HI	Common Stock	Options Exercise	$632,726	+12,370	+13%	$51.15	106,356	06 Dec 2022	Direct	F1
transaction	HI	Common Stock	Tax liability	$278,154	-5,438	-5.1%	$51.15	100,918	06 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 12/7/2022)	Award	$0	+28,098		$0.000000	28,098	07 Dec 2022	Common Stock	28,098		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	Consists of shares issued upon vesting of performance-based restricted stock units.
F2	Conversion of Exercise Price of Derivative Securities is 1-for-1.
F3	Restricted Stock Units are entitled to dividend equivalent rights which accrue on dividend record dates.
F4	Restricted Stock Units scheduled to vest one-third on 12/7/2023, one-third on 12/7/2024, and one-third on 12/7/2025.