Deferred stock award to Elanco (NYSE: ELAN) executive disclosed
Rhea-AI Filing Summary
Modi Rajeev A. reported acquisition or exercise transactions in this Form 4 filing.
Elanco Animal Health Inc reported that executive Rajeev A. Modi received a grant of 61.1059 deferred stock units tied to Elanco common stock. Each unit reflects a value of $24.17 per underlying share in the filing.
Following this award, Modi holds a total of 9,463.0201 deferred stock units directly. According to the plan terms, these units will settle in either cash or Elanco common shares after employment ends or in a specified future year under the Executive Deferral and Stock Match Plan.
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 | 61.1059 | $24.17 | $1K |
Holdings After Transaction:
Deferred Stock Units — 9,463.0201 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: 61.1059 units
Implied value per unit: $24.17 per unit
Total deferred stock units held: 9,463.0201 units
3 metrics
Deferred stock units granted
61.1059 units
Grant to Rajeev A. Modi on 2026-06-12
Implied value per unit
$24.17 per unit
Price per underlying share used in the Form 4
Total deferred stock units held
9,463.0201 units
Direct holdings after the grant
Key Terms
Deferred Stock Units, Executive Deferral and Stock Match Plan, Grant, award, or other acquisition
3 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.
Executive Deferral and Stock Match Plan financial
"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."
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 insider transaction did Elanco (ELAN) disclose for Rajeev A. Modi?
Elanco disclosed that executive Rajeev A. Modi received 61.1059 deferred stock units as a compensation-related grant. These units are tied to Elanco common stock and increase his total deferred stock unit holdings to 9,463.0201, as reported in the Form 4 filing.
How many Elanco (ELAN) deferred stock units does Rajeev A. Modi hold after this grant?
After the reported grant, Rajeev A. Modi holds 9,463.0201 deferred stock units. This total includes the new 61.1059-unit award disclosed in the Form 4, all held directly and linked to Elanco common stock under the company’s compensation and deferral arrangements.
What does each deferred stock unit represent for Elanco (ELAN) executives?
Each deferred stock unit represents the right to receive one share of Elanco common stock or its cash equivalent. Settlement occurs later, rather than immediately, giving executives future value linked to the company’s stock while aligning compensation with longer-term performance outcomes.
When will Rajeev A. Modi’s Elanco (ELAN) deferred stock units be settled?
The deferred stock units will settle in cash or Elanco common shares after employment ends or in a specified future year. Settlement timing follows the terms of Elanco’s Executive Deferral and Stock Match Plan as described in the Form 4 footnotes.
Is the Elanco (ELAN) Form 4 transaction a market purchase or sale of stock?
No, the Form 4 shows a compensation-related grant of deferred stock units, not an open-market purchase or sale. The transaction is coded as an acquisition (A) representing a grant or award, and the units settle later in cash or Elanco shares.