Form 4: Eli Lilly Director Acquires Shares Through Deferral Plan

Mary Lynne Hedley, a director at Eli Lilly, acquired 10 shares of common stock through a deferral plan, while also holding 98 shares indirectly through a trust.

Summary

• Mary Lynne Hedley, a director at Eli Lilly & Co, has reported a transaction involving the company's common stock.
• On July 15, 2024, Ms. Hedley acquired 10 shares of common stock at a price of $950.46 per share.
• These shares were acquired through the Lilly Directors' Deferral Plan, in lieu of cash compensation.
• The shares will be settled in common stock following Ms. Hedley's separation from service.
• Ms. Hedley also indirectly owns 98 shares of common stock through a trust.
• She disclaims beneficial ownership of these shares except to the extent of her pecuniary interest.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction, which is generally neutral to positive. The director's acquisition of shares can be seen as a sign of confidence in the company.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The acquired shares will be settled in common stock following the reporting person's separation from service.

Industry Context

This is a routine filing related to insider transactions, which is common for publicly traded companies. It reflects the compensation structure for directors at Eli Lilly.

Comparison to Industry Standards

• Director stock acquisitions are a common practice in publicly traded companies, often as part of compensation packages.
• Deferral plans are also a standard method for directors to receive compensation in the form of company stock.
• The reporting of these transactions via SEC Form 4 is a standard regulatory requirement for transparency.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates director confidence in the company.

Key Dates

Keywords

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