Elanco (ELAN) officer awarded 65 deferred stock units under plan

Rhea-AI Filing Summary

Modi Rajeev A. reported acquisition or exercise transactions in this Form 4 filing.

Elanco Animal Health Inc officer Rajeev A. Modi reported an award of 65.6122 deferred stock units on May 1, 2026, tied to Company common stock at a reference price of $22.51 per unit. Each deferred stock unit represents the right to receive one share of Elanco common stock or the cash equivalent. These units settle in cash or shares following termination of employment or during a specified future year under the Executive Deferral and Stock Match Plan. Following this grant, Modi directly holds a total of 9,265.6213 deferred stock units.

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	65.6122	$22.51	$1K

Holdings After Transaction: Deferred Stock Units — 9,265.6213 shares (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: 65.6122 units Reference price per unit: $22.51 per unit Deferred stock units after grant: 9,265.6213 units +1 more

4 metrics

Deferred stock units granted 65.6122 units Award on May 1, 2026

Reference price per unit $22.51 per unit Deferred stock unit grant

Deferred stock units after grant 9,265.6213 units Total units directly held after transaction

Underlying common shares 65.6122 shares Shares underlying the new deferred stock units

Key Terms

Deferred Stock Units, Executive Deferral and Stock Match Plan, underlying security

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 ... in accordance with Executive Deferral and Stock Match Plan."

underlying security financial

"underlying_security_title: Common Stock, underlying_security_shares: 65.6122"

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/05/2026 - 04:12 PM Learn about SEC filing dates

FAQ

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

Rajeev A. Modi reported receiving 65.6122 deferred stock units tied to Elanco common stock on May 1, 2026. The units were granted at a reference price of $22.51 per unit and are held as a compensation-related award.

What are deferred stock units in Elanco (ELAN)'s Form 4 filing?

Elanco’s deferred stock units each represent the right to receive one share of Company common stock or the cash equivalent. They function as a deferred compensation instrument rather than immediate shares, with settlement occurring later in cash or stock.

When will Rajeev A. Modi’s Elanco (ELAN) deferred stock units settle?

The deferred stock units will settle in cash or shares of Elanco common stock following termination of employment or during a specified future year. Settlement timing follows the terms of Elanco’s Executive Deferral and Stock Match Plan.

How many deferred stock units does Rajeev A. Modi hold after this Elanco (ELAN) award?

After the May 1, 2026 award, Rajeev A. Modi directly holds 9,265.6213 deferred stock units. This total includes the new 65.6122-unit grant reported in the Form 4 and reflects his overall deferred stock unit position from this plan.

What price per unit is associated with the Elanco (ELAN) deferred stock unit grant?

The 65.6122 deferred stock units granted to Rajeev A. Modi are tied to a reference price of $22.51 per unit. This price helps define the value basis of the award but the units ultimately settle in either cash or Company common stock.

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)
05/01/2026

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)	05/01/2026		A		65.6122		(2)	(2)	Common Stock	65.6122	$22.51	9,265.6213	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	05/05/2026
	** 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)