Form 4: Elanco Executive Rajeev A. Modi Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Elanco Animal Health Inc. executive Rajeev A. Modi disposed of 7,509 shares of common stock to cover tax liabilities upon vesting of restricted stock units.
Summary
- On April 1, 2024, Rajeev A. Modi, an Executive Vice President at Elanco Animal Health Inc., disposed of 7,509 shares of common stock.
- 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.
- The shares were disposed of at a price of $15.97 per share.
- Following the transaction, Modi directly owns 69,763 shares of Elanco common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an executive, and does not inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Elanco Animal Health Inc.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock disposal transaction. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
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