Form 4: Elanco EVP Sells Shares for Tax Obligations

Elanco Animal Health's Executive Vice President, Rajeev A. Modi, disposed of 4,392 shares of common stock to cover tax withholding obligations.

Summary

• Rajeev A. Modi, Executive Vice President U.S. Pet Health and Global Digital Transformation at Elanco Animal Health Inc. (ELAN), reported a transaction.
• On March 3, 2026, Modi disposed of 4,392 shares of Elanco common stock.
• The disposition was made at a price of $24.88 per share.
• This transaction was identified by the transaction code "F," indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this transaction, Modi beneficially owns 155,901 shares of Elanco common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The disposition of shares for tax withholding purposes is a routine administrative transaction for executives and does not typically signal a change in company fundamentals or insider sentiment.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for corporate insiders and typically do not reflect broader industry trends unless they indicate a significant shift in insider sentiment or a large-scale divestment program. This specific filing, related to tax withholding, is a common occurrence for executives receiving equity compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction by an executive, not a significant divestment indicating lack of confidence.

Key Dates

Recommendation

The filing details a routine disposition of shares by an executive to cover tax withholding obligations, which is a common administrative event and does not provide new information regarding the company's operational performance or strategic direction. Therefore, it does not warrant a change in investment thesis based solely on this disclosure.

Keywords

Elanco Animal Health, ELAN, Form 4, Insider Transaction, Rajeev A. Modi, Stock Sale, Tax Withholding, Common Stock