Elanco (NYSE: ELAN) officer receives new deferred stock unit grant
Rhea-AI Filing Summary
Correia de Simas Jose Manuel reported acquisition or exercise transactions in this Form 4 filing.
Elanco Animal Health officer Correia de Simas Jose Manuel received a grant of 17,637.8425 deferred stock units on Company common stock at a reference value of $23.36 per unit. Following this award, he holds 22,280.4709 deferred stock units. These units will be settled in cash or shares after employment ends or in a designated future year under the Executive Deferral and Stock Match Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Correia de Simas Jose Manuel
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 17,637.8425 | $23.36 | $412K |
Holdings After Transaction:
Deferred Stock Units — 22,280.4709 shares (Direct)
Footnotes (2)
- F1. Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent.
- F2. Deferred stock units settle in cash or shares of Company common stock following termination of employment or during a specified future year in accordance with Executive Deferral and Stock Match Plan.
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FAQ
What insider transaction did Elanco (ELAN) report in this Form 4?
Elanco reported that officer Correia de Simas Jose Manuel received 17,637.8425 deferred stock units. These units reference Company common stock at $23.36 per unit and increase his total deferred stock unit holdings to 22,280.4709 under the Executive Deferral and Stock Match Plan.
What are the key terms of the deferred stock units granted at Elanco (ELAN)?
Each deferred stock unit represents the right to receive one share of Elanco common stock or the cash equivalent. The units were granted at a reference value of $23.36 per unit and settle at a later date under the company’s executive deferral plan.
How many deferred stock units does the Elanco (ELAN) officer hold after this grant?
After the grant, the officer holds a total of 22,280.4709 deferred stock units. This includes the new 17,637.8425-unit award and any existing balance, all governed by Elanco’s Executive Deferral and Stock Match Plan for future settlement in cash or shares.
When will the Elanco (ELAN) deferred stock units be settled?
The deferred stock units will be settled in cash or Elanco common shares after the officer’s termination of employment or during a specified future year. Settlement timing follows the rules of the company’s Executive Deferral and Stock Match Plan elections.
Does this Elanco (ELAN) Form 4 reflect a market purchase or sale of stock?
No, the Form 4 reflects a compensation-related grant of deferred stock units, not an open-market purchase or sale. The award provides a right to future cash or shares, with no immediate trading in Elanco common stock reported in this transaction.
What plan governs the Elanco (ELAN) deferred stock unit grant?
The grant is governed by Elanco’s Executive Deferral and Stock Match Plan. Under this plan, the officer’s deferred stock units accumulate and are later settled in cash or Company common shares based on elections and the timing rules specified in the plan.