Elanco (NYSE: ELAN) executive receives new deferred stock unit award
Rhea-AI Filing Summary
Modi Rajeev A. reported acquisition or exercise transactions in this Form 4 filing.
Elanco Animal Health reported that executive Rajeev A. Modi received a grant of 60.1111 deferred stock units on June 26, 2026, each tied to Company common stock at a reference price of $24.57 per unit. After this award, he holds 9,523.1312 deferred stock units in total.
Each deferred stock unit represents the right to receive either one share of Elanco common stock or the cash equivalent. These units are scheduled to settle in cash or 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 | 60.1111 | $24.57 | $1K |
Holdings After Transaction:
Deferred Stock Units — 9,523.1312 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: 60.1111 units
Grant reference price: $24.57 per unit
Total deferred stock units after grant: 9,523.1312 units
+2 more
5 metrics
Deferred stock units granted
60.1111 units
Award to Rajeev A. Modi on June 26, 2026
Grant reference price
$24.57 per unit
Value used for deferred stock unit award
Total deferred stock units after grant
9,523.1312 units
Rajeev A. Modi holdings following transaction
Conversion price
$0.00
Deferred stock units convert to common stock or cash
Underlying security
60.1111 common shares
Underlying Elanco common stock tied to the units
Key Terms
Deferred Stock Units, Executive Deferral and Stock Match Plan, Common Stock
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."
Common Stock financial
"Each deferred stock unit represents the right to receive one share of Company common stock or the cash equivalent."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Elanco (ELAN) report for Rajeev A. Modi?
Elanco reported that executive Rajeev A. Modi received 60.1111 deferred stock units as a compensation-related award. These units are linked to Elanco common stock and increase his total deferred stock unit holdings to 9,523.1312, reinforcing his long-term, equity-based alignment with the company.
How do the deferred stock units granted to Elanco (ELAN) executive Rajeev Modi work?
Each deferred stock unit granted to Rajeev Modi represents the right to receive one share of Elanco common stock or the cash equivalent. The units settle after his employment ends or in a specified future year, following the company’s Executive Deferral and Stock Match Plan provisions.
What is the reference price for Rajeev Modi’s new deferred stock units at Elanco (ELAN)?
The 60.1111 deferred stock units awarded to Rajeev Modi were valued at a reference price of $24.57 per unit. This price is used for the grant’s valuation but the units themselves settle later in cash or shares, based on the plan’s terms.
How many deferred stock units does Elanco (ELAN) executive Rajeev Modi hold after this award?
Following the latest award, Rajeev Modi holds a total of 9,523.1312 deferred stock units. This figure includes the newly granted 60.1111 units and represents his accumulated deferred equity-based compensation under Elanco’s Executive Deferral and Stock Match Plan framework.
When will Rajeev Modi’s Elanco (ELAN) deferred stock units be settled?
Rajeev Modi’s deferred stock units will be settled in cash or Elanco common shares after his employment terminates or during a specified future year. The exact timing follows elections and rules set out in Elanco’s Executive Deferral and Stock Match Plan document.