Form 4: Elanco Executive Rajeev Modi Acquires Deferred Stock Units

Rajeev A. Modi, Executive Vice President at Elanco Animal Health Inc., acquired 105.2545 deferred stock units on May 30, 2025, increasing his beneficial ownership.

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 May 30, 2025.
• The transaction involved the acquisition of 105.2545 Deferred Stock Units (DSUs).
• Each DSU represents the right to receive one share of Company common stock or its cash equivalent.
• The DSUs were acquired at a price of $13.44 per unit.
• Following this transaction, Mr. Modi's beneficial ownership of derivative securities (DSUs) increased to 6,259.2621 units.
• These deferred stock units are set to settle in cash or shares of Company common stock upon termination of employment or during a specified future year, in accordance with the Executive Deferral and Stock Match Plan.

Sentiment

Score: 7

Explanation: The sentiment is positive as an executive is increasing their beneficial ownership in the company, which typically signals confidence in future performance.

Positives

• The acquisition of additional deferred stock units by a key executive like Rajeev A. Modi can signal management's confidence in the company's future performance and long-term value.
• The increase in beneficial ownership aligns the executive's interests more closely with those of the shareholders.

Future Outlook

The document indicates that the deferred stock units will settle in cash or shares of common stock following termination of employment or during a specified future year, aligning executive compensation with long-term company performance.

Management Comments

• Rajeev A. Modi, Executive Vice President U.S. Pet Health and Global Digital Transformation, acquired deferred stock units, reflecting participation in the company's Executive Deferral and Stock Match Plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transaction and does not provide broader industry trends or competitive analysis. It reflects an individual executive's compensation and investment in the company.

Related Party Transactions

• The acquisition of deferred stock units is part of an executive compensation plan (Executive Deferral and Stock Match Plan), which is a common form of related-party transaction between a company and its executives.

Stakeholder Impact

• Shareholders may view this insider acquisition as a positive indicator of management's belief in the company's long-term value, potentially boosting investor confidence.

Next Steps

• Deferred stock units will settle in cash or shares of Company common stock following termination of employment or during a specified future year, as per the Executive Deferral and Stock Match Plan.

Key Dates

Keywords

Elanco Animal Health, ELAN, Form 4, Insider Transaction, Deferred Stock Units, Executive Compensation, Beneficial Ownership, Rajeev Modi