Bartel Ulrich - 04 Dec 2025 Form 4 Insider Report for Hillenbrand, Inc. (HI)

Role: Sr. VP & President, APS
Signature: /s/ Allison A. Westfall, Attorney-in-Fact for Bartel Ulrich
Issuer symbol: HI
Transactions as of: 04 Dec 2025
Net transactions value: +$47,316
Form type: 4
Filing time: 08 Dec 2025, 16:39:51 UTC
Previous filing: 02 Oct 2025
Next filing: 09 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Bartel Ulrich	Sr. VP & President, APS	ONE BATESVILLE BOULEVARD, BATESVILLE	/s/ Allison A. Westfall, Attorney-in-Fact for Bartel Ulrich	08 Dec 2025	0001867296

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HI	Common Stock	Options Exercise	$97,656	+3,069	+13%	$31.82	27,248	05 Dec 2025	Direct	F1
transaction	HI	Common Stock	Tax liability	$50,339	-1,582	-5.8%	$31.82	25,666	05 Dec 2025	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 12/4/2025)	Award	$0	+30,503		$0.000000	30,503	04 Dec 2025	Common Stock	30,503		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	Each Restricted Stock Unit represents the contingent right to receive one share of the issuer's common stock.
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 12/4/2026, one-third on 12/4/2027, and one-third on 12/4/2028.