Form 4: Elanco Animal Health CEO Acquires Deferred Stock Units
SEC Form 4 Filing
Elanco Animal Health's CEO, Jeffrey N. Simmons, reports the acquisition of deferred stock units on July 26, 2024.
Summary
- On July 26, 2024, Jeffrey N. Simmons, the President, CEO, and Director of Elanco Animal Health Inc., acquired deferred stock units.
- The transaction involved 214.6698 deferred stock units, each representing the right to receive one share of Elanco's common stock or the cash equivalent.
- These deferred stock units will settle in cash or shares of Elanco common stock following termination of employment or during a specified future year, according to the Executive Deferral and Stock Match Plan.
- Following the reported transaction, Simmons beneficially owns 2,721.3781 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The deferred stock units will settle in cash or shares of Company common stock following termination of employment or during a specified future year in accordance with Executive Deferral and Stock Match Plan.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in the animal health industry. It reflects part of the company's plan to incentivize and retain key personnel.
Stakeholder Impact
- The acquisition of deferred stock units by the CEO aligns his interests with those of the shareholders.
- This type of compensation is designed to incentivize long-term performance and retention.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of the transaction where deferred stock units were acquired. |
| 07/30/2024 | Date of signature for the Form 4 filing. |
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