Form 4: Elanco Executive Rajeev Modi Acquires Deferred Stock Units

Elanco Animal Health Inc. executive Rajeev A. Modi acquired 98.9937 deferred stock units, increasing his beneficial ownership to 6,460.6903 units.

Summary

• Rajeev A. Modi, Executive Vice President U.S. Pet Health and Global Digital Transformation at Elanco Animal Health Inc. (ELAN), acquired 98.9937 deferred stock units (DSUs).
• The transaction date for this acquisition was June 27, 2025.
• Each DSU represents the right to receive one share of company common stock or its cash equivalent.
• These DSUs were acquired at a price of $14.29 per unit.
• Following this transaction, Mr. Modi beneficially owns a total of 6,460.6903 deferred stock units.
• The DSUs are set to settle in cash or shares of 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 acquisition of deferred stock units by a key executive, even if compensation-related, generally indicates alignment of interests with shareholders and continued commitment to the company. The small number of units acquired limits the overall positive impact.

Positives

• An executive's acquisition of deferred stock units, even if compensation-related, aligns the executive's interests with shareholders.
• The increase in beneficial ownership by a key executive demonstrates continued commitment to the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The acquisition of deferred stock units by an executive is a transaction between the company and a related party (executive) as part of an established compensation plan.

Stakeholder Impact

• Shareholders: The acquisition of deferred stock units by an executive aligns management's interests with shareholders, potentially fostering long-term value creation.
• Employees: This transaction is part of an executive compensation plan, which may serve as a model or incentive for other employees, though the direct impact on the broader employee base is limited.

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, in accordance with the Executive Deferral and Stock Match Plan.

Key Dates

Keywords

Elanco Animal Health Inc, ELAN, Rajeev A. Modi, Deferred Stock Units, DSU, Insider Transaction, SEC Form 4, Executive Compensation, Stock Ownership