Form 4: Elanco Animal Health Executive Rajeev A. Modi Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, reported changes in beneficial ownership related to deferred stock units.
Summary
- On August 23, 2024, Rajeev A. Modi, an Executive Vice President at Elanco Animal Health Inc., reported changes in beneficial ownership.
- The transaction involved deferred stock units, each representing the right to receive one share of Elanco common stock or the cash equivalent.
- Modi acquired deferred stock units equivalent to 95.0323 shares of common stock at a price of $14.57, resulting in a total of 1,560.5012 shares beneficially owned.
- These 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.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reflecting standard executive compensation practices. It doesn't inherently convey 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 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 holdings of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 08/23/2024 | Date of the transaction involving deferred stock units. |
| 08/27/2024 | Date of signature for the Form 4 filing. |
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