Form 4: Elanco Animal Health Director Receives Stock Award

Director Kathy V. Turner of Elanco Animal Health Inc. received 13,838 shares of common stock as part of an annual equity award.

Summary

• Kathy V. Turner, a director at Elanco Animal Health Inc., received 13,838 shares of common stock.
• The shares were granted as part of an annual equity award to non-employee members of the Board of Directors.
• The transaction occurred on November 29, 2024.
• The price of the stock at the time of the grant was $0, indicating it was a grant rather than a purchase.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock grants to a director, which is a normal and expected practice. It is neither particularly positive nor negative.

Positives

• The grant of stock units aligns the interests of the non-employee directors with the company's performance.
• Equity awards are a common practice to incentivize board members.

Industry Context

The granting of stock awards to board members is a common practice in publicly traded companies to align their interests with shareholders and incentivize performance.

Comparison to Industry Standards

• Stock grants to non-employee directors are a standard practice across publicly listed companies.
• The size of the grant is likely determined by the company's compensation policy and is comparable to similar grants at other companies of Elanco's size and industry.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The grant does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Elanco Animal Health, Director, Stock Award, Equity Grant, Form 4, Beneficial Ownership, Board of Directors