Elanco officer granted 62 Deferred Stock 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 officer Rajeev A. Modi received a grant of 62.3704 Deferred Stock Units. Each unit represents the right to receive one share of Elanco common stock or the cash equivalent at a later time.

The units will settle in cash or shares following termination of employment or during a specified future year under the company’s Executive Deferral and Stock Match Plan. After this award, Modi holds a total of 9,200.0091 Deferred Stock Units directly.

Insider Trade Summary

Grant/Award: 62.3704 shares

Grant/Award 1 txn

Insider Modi Rajeev A.

Role SEE REMARKS

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units	62.3704	$23.68	$1K

Holdings After Transaction: Deferred Stock Units — 9,200.0091 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: 62.3704 units Reported price per unit: $23.6800 Deferred Stock Units after grant: 9,200.0091 units

3 metrics

Deferred Stock Units granted 62.3704 units Award to Rajeev A. Modi

Reported price per unit $23.6800 Deferred Stock Units grant

Deferred Stock Units after grant 9,200.0091 units Total direct holdings post-transaction

Key Terms

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

4 terms

Deferred Stock Units financial

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

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.

cash equivalent financial

"the right to receive one share of Company common stock or the cash equivalent."

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

Elanco reported that officer Rajeev A. Modi received a grant of 62.3704 Deferred Stock Units. These units are a form of deferred compensation tied to Elanco common stock or its cash equivalent, increasing his total deferred stock unit holdings.

What are Deferred Stock Units in Elanco (ELAN)'s Form 4 filing?

Deferred Stock Units represent the right to receive one share of Elanco common stock or the cash equivalent. They function as deferred compensation, settling in the future rather than immediately, aligning executive interests with the company’s long-term performance and value.

When will Rajeev A. Modi’s Deferred Stock Units from Elanco (ELAN) settle?

The Deferred Stock Units will settle in cash or shares of Elanco common stock following Modi’s termination of employment or during a specified future year, in line with the company’s Executive Deferral and Stock Match Plan provisions.

How many Deferred Stock Units does Rajeev A. Modi hold after this Elanco (ELAN) grant?

After the reported grant, Rajeev A. Modi directly holds 9,200.0091 Deferred Stock Units. This figure reflects his cumulative deferred stock unit position as reported in the Form 4, including the newly awarded 62.3704 units.

What price per unit is shown for the Elanco (ELAN) Deferred Stock Units grant?

The Form 4 shows a transaction price of $23.6800 per Deferred Stock Unit for the 62.3704 units granted. This price is a reporting convention and does not change the deferred nature of the award or its settlement mechanics.

Under which plan were the Elanco (ELAN) Deferred Stock Units granted to Rajeev A. Modi?

The Deferred Stock Units were granted under Elanco’s Executive Deferral and Stock Match Plan. This plan governs how the units are deferred and specifies that settlement occurs in cash or shares at termination of employment or in a designated future year.

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

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Accepted by SEC EDGAR 04/21/2026 - 04:29 PM EDT 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)
04/17/2026

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)	04/17/2026		A		62.3704		(2)	(2)	Common Stock	62.3704	$23.68	9,200.0091	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	04/21/2026
	** 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)