Elanco (NYSE: ELAN) CFO uses 15,336 shares to cover tax liability
Rhea-AI Filing Summary
Elanco Animal Health EVP and CFO Robert M. VanHimbergen reported a tax-related share disposition. On this Form 4, 15,336 shares of Common Stock were used at $24.64 per share to satisfy tax obligations by delivering shares to the issuer. After this tax-withholding disposition, he directly holds 133,316 shares of Elanco common stock, indicating the event is compensation- and tax-driven rather than an open-market trade.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 15,336 | $24.64 | $378K |
Key Figures
Key Terms
tax-withholding disposition financial
Common Stock financial
Payment of exercise price or tax liability by delivering securities regulatory
Form 4 regulatory
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FAQ
What insider transaction did Elanco (ELAN) report for its CFO?
Elanco reported that EVP and CFO Robert M. VanHimbergen used 15,336 common shares to cover tax obligations. The shares were valued at $24.64 each and were delivered to satisfy tax liability, not sold on the open market.
Was the Elanco (ELAN) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were delivered at $24.64 per share to pay tax liability associated with equity compensation, a routine administrative event.
How is the Elanco (ELAN) Form 4 transaction classified by the SEC code?
The transaction is coded "F", described as "Payment of exercise price or tax liability by delivering securities." This indicates the shares were used to satisfy tax or exercise obligations, rather than being bought or sold in the market.