Form 4: Elanco Animal Health Executive Rajeev A. Modi Reports Acquisition of Deferred Stock Units

Elanco Animal Health's Executive Vice President, Rajeev A. Modi, reports acquiring deferred stock units convertible to common stock or cash.

Summary

• On February 23, 2024, Rajeev A. Modi, an Executive Vice President at Elanco Animal Health Inc., acquired deferred stock units.
• The transaction involved 76.6035 deferred stock units, each representing 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 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, Modi directly owns 318.3775 shares of Elanco common stock.
• The price of the deferred stock units was $16.37.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding executive compensation, and does not contain information that would significantly impact investor 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

Executive compensation in the animal health industry often includes stock-based awards to align management's interests with those of shareholders. Deferred stock units are a common component of these packages.

Stakeholder Impact

• The acquisition of deferred stock units by an executive aligns their interests with shareholders, potentially incentivizing performance that benefits the company.

Key Dates