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 on June 28, 2024.

Summary

• On June 28, 2024, Rajeev A. Modi, an Executive Vice President at Elanco Animal Health Inc., acquired deferred stock units.
• The transaction involved 95.9543 deferred stock units at a price of $14.43 per unit.
• Following the transaction, Modi directly owns 1,151.6894 shares of common stock.
• These deferred stock units will settle in cash or shares of common stock upon termination of employment or during a specified future year, according to the Executive Deferral and Stock Match Plan.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Future Outlook

The deferred stock units will be settled 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.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Elanco Animal Health. It provides transparency into the transactions of company insiders.

Stakeholder Impact

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

Key Dates