J. Michael Whitted - 06 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: 06 Dec 2022
Net transactions value: +$662,802
Form type: 4
Filing time: 08 Dec 2022, 15:15:51 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	$455,849	+8,912	+58%	$51.15	24,263	06 Dec 2022	Direct	F1
transaction	HI	Common Stock	Tax liability	$133,604	-2,612	-11%	$51.15	21,651	06 Dec 2022	Direct
transaction	HI	Common Stock	Options Exercise	$520,963	+10,185	+47%	$51.15	31,836	06 Dec 2022	Direct	F1
transaction	HI	Common Stock	Tax liability	$180,406	-3,527	-11%	$51.15	28,309	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	+4,844		$0.000000	4,844	07 Dec 2022	Common Stock	4,844		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.