Form 4: Eli Lilly Director Acquires 20 Shares of Common Stock Through Deferral Plan

Director Ralph Alvarez acquired 20 shares of Eli Lilly common stock through a deferral plan, with settlement occurring after separation from service.

Summary

• Ralph Alvarez, a director at Eli Lilly & Co, acquired 20 shares of common stock on December 18, 2023.
• The shares were acquired at a price of $579.76 per share.
• This acquisition was made through the Lilly Directors' Deferral Plan.
• The shares are deferred in lieu of cash compensation and will be settled in shares of common stock after Mr. Alvarez's separation from service.
• Following this transaction, Mr. Alvarez beneficially owns 53,872 shares of Eli Lilly common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• The use of a deferral plan aligns the director's interests with the long-term performance of the company.

Future Outlook

The shares acquired are deferred and will be settled upon the director's separation from service.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Director stock acquisitions are a common form of compensation in publicly traded companies, aligning director interests with shareholder value.
• Deferral plans are frequently used to incentivize long-term commitment from directors and executives.
• The price of $579.76 per share is consistent with the market price of LLY stock at the time of the transaction.

Stakeholder Impact

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

Key Dates

Keywords

Eli Lilly, LLY, Director, Stock Acquisition, Deferral Plan, Common Stock, Beneficial Ownership, SEC Form 4