Elanco executive granted deferred stock units

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

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.

Insider Trade Summary

Grant/Award: 60.1111 shares

Grant/Award 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 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: 60.1111 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/30/2026 - 04:29 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)
06/26/2026

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)	06/26/2026		A		60.1111		(2)	(2)	Common Stock	60.1111	$24.57	9,523.1312	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	06/30/2026
	** 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)