Form 4: Elanco Animal Health Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Timothy J. Bettington, an Executive Vice President at Elanco Animal Health, disposed of 23,557 shares of common stock on April 3, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On April 3, 2024, Timothy J. Bettington, an Executive Vice President at Elanco Animal Health, disposed of 23,557 shares of common stock.
- The shares were sold at a price of $15.43 per share.
- The transaction was executed to cover the reporting person's tax liability upon the vesting of restricted stock units previously awarded under the Amended and Restated 2018 Elanco Stock Plan.
- Following the transaction, Bettington directly owns 106,387 shares of Elanco Animal Health Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive sold shares to cover tax obligations, which is a common and expected practice.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates that an executive at Elanco Animal Health sold shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Date of the transaction where 23,557 shares of common stock were disposed of. |
| 04/05/2024 | Date of signature on the Form 4 filing. |
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