Form 4: Elanco Executive Acquires Deferred Stock Units

Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, acquired 99.0429 deferred stock units on November 15, 2024.

Summary

• Rajeev A. Modi, an Executive Vice President at Elanco Animal Health, acquired 99.0429 deferred stock units on November 15, 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 at the time of the transaction was $13.98.
• Following the transaction, Mr. Modi directly owns 2,160.8059 shares of Elanco common stock.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation, which is generally neutral to positive. The acquisition of stock units by an executive can be seen as a positive sign of their commitment to the company.

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.

Management Comments

• Rajeev A. Modi is the Executive Vice President U.S. Pet Health and Global Digital Transformation.

Industry Context

This is a standard SEC Form 4 filing related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include deferred stock units as a way to align executive interests with long-term company performance.
• The vesting and settlement terms of these units are typical for executive compensation plans in the pharmaceutical and animal health industries.
• Companies like Zoetis and IDEXX also use similar equity-based compensation methods for their executives.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with the company's long-term performance.

Key Dates

Keywords

Elanco, Deferred Stock Units, Executive Compensation, Stock Ownership, Form 4, Rajeev A. Modi