Elanco (NYSE: ELAN) officer awarded new Deferred Stock Units grant
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
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 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.
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.