Form 4: Elanco Executive Acquires Deferred Stock Units

Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, acquired deferred stock units representing the right to receive common stock or cash.

Summary

• Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, acquired 114.4314 deferred stock units on December 13, 2024.
• These deferred stock units represent the right to receive one share of Elanco common stock or the cash equivalent.
• The units will settle in cash or shares of common stock following termination of employment or during a specified future year, as per the Executive Deferral and Stock Match Plan.
• The price of the underlying common stock was $12.1 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally neutral to positive for the company's outlook.

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.

Industry Context

This is a standard transaction for executive compensation in publicly traded companies, aligning executive interests with shareholder value.

Comparison to Industry Standards

• Deferred stock units are a common form of executive compensation in publicly traded companies like Elanco, similar to practices at Zoetis and other animal health companies.
• The vesting and settlement terms are typical for executive compensation plans, often tied to employment duration or specific future dates, similar to plans at companies like IDEXX Laboratories.

Stakeholder Impact

• The transaction aligns executive interests with shareholder value through equity-based compensation.

Key Dates

Keywords

Elanco Animal Health, Deferred Stock Units, Executive Compensation, Form 4, Rajeev A. Modi, Stock Match Plan