Elanco EVP Rajeev Modi granted deferred units

Modi Rajeev A. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Modi Rajeev A. reported acquisition or exercise transactions in this Form 4 filing.

Elanco Animal Health Inc reported that Executive Vice President U.S. Pet Health and Global Digital Transformation Rajeev A. Modi received a grant of 59.2906 deferred stock units on 2026-07-24 at a reference value of $24.91 per unit. Each unit represents the right to receive one share of common stock or the cash equivalent and will settle in cash or shares after termination of employment or in a specified future year under the Executive Deferral and Stock Match Plan. Following this grant, Modi holds 9,641.9274 deferred stock units directly.

Insider Trade Summary

Grant/Award: 59.2906 shares

Grant/Award 1 txn

Insider Modi Rajeev A.

Role SEE REMARKS

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F1, F2	59.2906	$24.91	$1K

Holdings After Transaction: Deferred Stock Units — 9,641.9274 contracts (Direct)

Footnotes (2)

1. F1. Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent.
2. 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.

Key Figures

Deferred stock units granted: 59.2906 units Grant reference value: $24.9100 per unit Deferred stock units after grant: 9,641.9274 units +2 more

5 metrics

Deferred stock units granted 59.2906 units Grant to Rajeev A. Modi on 2026-07-24

Grant reference value $24.9100 per unit Value per deferred stock unit on grant date

Deferred stock units after grant 9,641.9274 units Total direct deferred stock units held by Modi after transaction

Underlying common shares 59.2906 shares Each deferred stock unit corresponds to one share of common stock

Transaction date 2026-07-24 Date of deferred stock unit grant to Rajeev A. Modi

Key Terms

Deferred Stock Units, Executive Deferral and Stock Match Plan, termination of employment

3 terms

Deferred Stock Units financial

"Each deferred stock unit represents the right to receive one share of Company common stock"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Executive Deferral and Stock Match Plan financial

"in accordance with Executive Deferral and Stock Match Plan"

termination of employment financial

"settle in cash or shares of Company common stock following termination of employment"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Rajeev A. Modi report for Elanco (ELAN)?

Rajeev A. Modi reported an acquisition of 59.2906 deferred stock units linked to Elanco common stock. The units are a compensation-related grant and increase his direct deferred stock unit holdings to 9,641.9274, settling in cash or shares in the future under a company plan.

How many deferred stock units did Modi receive at Elanco (ELAN) and at what value?

Modi received 59.2906 deferred stock units, each with a reference value of $24.91 on 2026-07-24. These units are tied to Elanco common stock and form part of his equity-based compensation, settling later in cash or shares rather than immediately.

What does each deferred stock unit represent at Elanco (ELAN)?

Each deferred stock unit represents the right to receive one share of Elanco common stock or the cash equivalent. The ultimate settlement form, cash or shares, occurs in the future according to the terms of Elanco’s Executive Deferral and Stock Match Plan.

When will the Elanco (ELAN) deferred stock units granted to Modi settle?

The deferred stock units will settle in cash or shares following Modi’s termination of employment or during a specified future year. Settlement timing and form are governed by Elanco’s Executive Deferral and Stock Match Plan, rather than occurring at the grant date.

How many deferred stock units does Modi hold in Elanco (ELAN) after this grant?

After the grant, Modi holds a total of 9,641.9274 deferred stock units directly. This figure includes the newly awarded 59.2906 units and represents his reported deferred equity-based interest tied to Elanco common stock under the company’s compensation and deferral arrangements.

Are the Elanco (ELAN) deferred stock units settled only in shares?

No. The deferred stock units may settle in either cash or shares of Elanco common stock. The settlement method and timing follow the provisions of the company’s Executive Deferral and Stock Match Plan, typically after termination of employment or in a designated future year.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 07/28/2026 - 05:35 PM Accepted by SEC EDGAR 07/28/2026 - 05:35 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Modi Rajeev A.

(Last) (First) (Middle)

C/O ELANCO ANIMAL HEALTH INCORPORATED

450 ELANCO CIRCLE

(Street)

INDIANAPOLIS INDIANA 46221

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Elanco Animal Health Inc [ ELAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SEE REMARKS

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Stock Units	(1)	07/24/2026		A		59.2906		(2)	(2)	Common Stock	59.2906	$24.91	9,641.9274	D

Explanation of Responses:

1. Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent.

2. 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.

Remarks:

Executive Vice President U.S. Pet Health and Global Digital Transformation

	/s/ Amy C. Seidel, as Attorney-in-Fact for Rajeev A. Modi	07/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)