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

Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, reported the acquisition of deferred stock units convertible to common stock or cash.

Summary

• On July 26, 2024, Rajeev A. Modi, an Executive Vice President at Elanco Animal Health Inc., acquired 107.3349 deferred stock units.
• These units represent the right to receive one share of Elanco common stock or the cash equivalent.
• The deferred stock units will settle in cash or shares of common stock following termination of employment or during a specified future year, according to the Executive Deferral and Stock Match Plan.
• Following the transaction, Modi directly owns 1,359.2864 shares of Elanco common stock.
• The price of the deferred stock units was $12.9.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports a transaction and doesn't inherently indicate positive or negative sentiment.

Future Outlook

The deferred stock units will settle in cash or shares of 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 Form 4 filing is a routine disclosure of insider transactions, providing transparency into the compensation and stock ownership of Elanco Animal Health's executives. It is common for executives to receive deferred stock units as part of their compensation packages.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects executive compensation and ownership.

Key Dates