Elanco EVP granted 60 deferred stock units at $24.50

Elanco EVP Rajeev A. Modi received an additional grant of deferred stock units tied to Elanco common stock under the company’s deferral and stock match plan.

Rhea-AI Filing Summary

Elanco Animal Health Inc (symbol: ELAN) is the issuer of record for a Form 4 filing submitted to the SEC. Modi Rajeev A. reported acquisition or exercise transactions in this Form 4 filing.

Elanco Animal Health Inc (ELAN) reported that executive Rajeev A. Modi, Executive Vice President U.S. Pet Health and Global Digital Transformation, received a grant of 60.2829 Deferred Stock Units on September 4, 2026. Following this award, he holds 9,830.5951 Deferred Stock Units directly.

Each Deferred Stock Unit represents the right to receive one share of Elanco common stock or the cash equivalent, settling in cash or shares after termination of employment or in a specified future year under the Executive Deferral and Stock Match Plan.

Insider Trade Summary

Grant/Award: 60.2829 shares

Grant/Award 1 txn

Insider Modi Rajeev A.

Role SEE REMARKS

Type	Security	Shares	Price	Value
Grant/Award	Deferred Stock Units F1, F2	60.2829	$24.50	$1K

Holdings After Transaction: Deferred Stock Units — 9,830.5951 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: 60.2829 units Reference price per Deferred Stock Unit: $24.50 per unit Deferred Stock Units held after transaction: 9,830.5951 units

3 metrics

Deferred Stock Units granted 60.2829 units Grant to Rajeev A. Modi on September 4, 2026

Reference price per Deferred Stock Unit $24.50 per unit Value reported for the September 4, 2026 grant

Deferred Stock Units held after transaction 9,830.5951 units Total direct Deferred Stock Units for Rajeev A. Modi after the grant

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"

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

"represents 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 regulatory

"settle in cash or shares ... following termination of employment"

FAQ

What insider transaction did ELAN disclose for executive Rajeev A. Modi?

Elanco disclosed that Rajeev A. Modi received a grant of 60.2829 Deferred Stock Units on September 4, 2026, as a compensation-related award, increasing his directly held Deferred Stock Units to 9,830.5951.

How many Deferred Stock Units does the Elanco (ELAN) executive hold after this Form 4?

After the reported grant, Rajeev A. Modi directly holds 9,830.5951 Deferred Stock Units, each representing a right to receive one share of Elanco common stock or the cash equivalent in the future.

What is the reference price for the new Deferred Stock Units reported by ELAN?

The new grant to Rajeev A. Modi covers 60.2829 Deferred Stock Units at a reference value of $24.50 per unit, as reported in the Form 4 data.

What does each Elanco Deferred Stock Unit represent?

Each Elanco Deferred Stock Unit represents the right to receive one share of Elanco common stock or the cash equivalent, delivering value in stock or cash rather than being a current share of stock.

When will the Elanco (ELAN) Deferred Stock Units for this executive settle?

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

Is the Elanco Form 4 transaction a purchase or a compensation grant?

The Form 4 describes a grant or award acquisition of Deferred Stock Units to Rajeev A. Modi, reflecting compensation rather than an open-market stock purchase or sale.

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Available on EDGAR 09/09/2026 - 05:10 PM Accepted by SEC EDGAR 09/09/2026 - 05:10 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)
09/04/2026

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)	09/04/2026		A		60.2829		(2)	(2)	Common Stock	60.2829	$24.5	9,830.5951	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	09/09/2026
	** 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)