Elanco (NYSE: ELAN) CEO receives large stock grants and tax share sale
Rhea-AI Filing Summary
Elanco Animal Health President and CEO Jeffrey N. Simmons reported several equity-award transactions dated March 1, 2026. He acquired an employee stock option covering 243,809 shares and deferred stock units covering 6,593 shares. He also received grants of 397,041 and 119,319 shares of common stock. The restricted stock units and options vest one-third on March 1, 2027, one-third on March 1, 2028, and the remainder on March 1, 2029. The deferred stock units vest on December 31, 2027 and settle upon termination of employment or under the Executive Deferral and Stock Match Plan. A separate transaction disposed of 229,982 shares of common stock at $26.40 per share for tax-withholding purposes, leaving 1,970,477 shares of common stock held directly, plus 167,000 shares held indirectly by a revocable trust and shares previously acquired under the employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 243,809 | $0.00 | $0.00 |
| Grant/Award | Deferred Stock Units (Match) | 6,593 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 397,041 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 229,982 | $26.40 | $6.07M |
| Grant/Award | Common Stock | 119,319 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. Includes 1,038 shares acquired on January 31, 2026 under Elanco Animal Health Inc.'s Employee Stock Purchase Plan.
- F2. Grant of restricted stock units 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.
- F3. 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.
- F4. Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent.
- F5. Deferred stock units vest December 31, 2027 and settle upon termination of employment or otherwise in accordance with the Executive Deferral and Stock Match Plan.
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