Elanco (ELAN) executive awarded 25,620 stock options at $24.09 strike price
Rhea-AI Filing Summary
Elanco Animal Health executive David S. Kinard received a grant of employee stock options, giving him rights to buy 25,620 shares of common stock at an exercise price of $24.09 per share. These options vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, and expire on July 1, 2036. Following this grant, Kinard holds 25,620 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kinard David S
Role
SEE REMARKS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 25,620 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (right to buy) — 25,620 shares (Direct)
Footnotes (1)
- F1. Grant of stock options vesting as follows: one-third vesting on March 1, 2027, one-third vesting on March 1, 2028, and the remaining vesting on March 1, 2029.
Key Figures
Option grant size: 25,620 options
Exercise price: $24.09 per share
Post-grant option holdings: 25,620 options
+4 more
7 metrics
Option grant size
25,620 options
Employee stock option grant to David S. Kinard
Exercise price
$24.09 per share
Conversion or exercise price of granted options
Post-grant option holdings
25,620 options
Total options held following this transaction
Option expiration date
July 1, 2036
Expiration date of the employee stock options
Vesting start
March 1, 2027
First one-third of options vest
Second vesting date
March 1, 2028
Second one-third of options vest
Final vesting date
March 1, 2029
Final one-third of options vest
Key Terms
Employee Stock Option (right to buy), exercise price, vesting, expiration date, +1 more
5 terms
Employee Stock Option (right to buy) financial
"security_title: Employee Stock Option (right to buy)"
exercise price financial
"conversion_or_exercise_price: 24.0900"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"Grant of stock options vesting as follows: one-third vesting on March 1, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
expiration date financial
"expiration_date: 2036-07-01T00:00:00.000Z"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Elanco (ELAN) executive David S. Kinard receive in this Form 4 filing?
David S. Kinard received a grant of employee stock options covering 25,620 shares of Elanco common stock. These options were awarded at no cost and give him the right to buy shares at a fixed exercise price if they vest and are exercised.
What is the exercise price of the Elanco (ELAN) stock options granted to David S. Kinard?
The stock options granted to David S. Kinard have an exercise price of $24.09 per share. This is the fixed price at which he can buy Elanco common stock if he chooses to exercise the options after they vest.
How do the Elanco (ELAN) stock options granted to David S. Kinard vest over time?
The 25,620 Elanco stock options vest in three equal installments. One-third vests on March 1, 2027, another third on March 1, 2028, and the remaining third on March 1, 2029, assuming continued service conditions are met.
When do the Elanco (ELAN) stock options granted to David S. Kinard expire?
The stock options granted to David S. Kinard expire on July 1, 2036. If they are not exercised by that expiration date, the right to purchase Elanco common shares at the $24.09 exercise price will lapse.
How many Elanco (ELAN) stock options does David S. Kinard hold after this grant?
After this grant, David S. Kinard holds 25,620 employee stock options directly. Each option represents the right to purchase one share of Elanco common stock at the fixed exercise price of $24.09 per share before the July 1, 2036 expiration date.