Form 4: Elanco Animal Health Executive Acquires Deferred Stock Units

Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, acquired deferred stock units representing the right to receive common stock or cash equivalent, according to a recent SEC filing.

Summary

• Rajeev A. Modi, an Executive Vice President at Elanco Animal Health Inc., filed a Form 4 with the SEC.
• The filing reports a transaction on May 2, 2025, where Modi acquired 145.0892 deferred stock units.
• Each deferred stock unit represents the right to receive one share of Elanco common stock or the cash equivalent.
• These 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 the Executive Deferral and Stock Match Plan.
• Following the reported transaction, Modi directly owns 6,044.5169 shares of Elanco common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction related to executive compensation. It doesn't inherently convey positive or negative 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 the Executive Deferral and Stock Match Plan.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Elanco Animal Health. It provides transparency regarding the alignment of executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages often include deferred stock units as a way to incentivize long-term performance and retention.
• The specific terms of Elanco's Executive Deferral and Stock Match Plan would need to be compared to similar plans at peer companies like Zoetis or Merck Animal Health to assess its competitiveness.
• The number of shares owned by Rajeev A. Modi can be compared to ownership levels of executives in similar roles at comparable companies to gauge his stake in Elanco's success.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment of interests.
• The Executive Deferral and Stock Match Plan can impact employee morale and retention.

Key Dates

Keywords

Elanco Animal Health, Rajeev A. Modi, deferred stock units, Form 4, SEC filing, executive compensation, stock match plan, common stock