ELAN Form 4: EVP Rajeev Modi receives 78.9849 deferred stock units
Rhea-AI Filing Summary
Elanco Animal Health insider transaction: The Form 4 reports that Rajeev A. Modi, Executive Vice President U.S. Pet Health and Global Digital Transformation, was granted 78.9849 deferred stock units on 08/22/2025. Each deferred stock unit represents the right to receive one share of Elanco common stock or a cash equivalent. The filing shows an exercise/reference price of $17.91 and indicates Mr. Modi beneficially owns 6,814.29 shares (or units) following the reported transaction. The deferred units will settle in cash or shares following termination of employment or in a specified future year under the company’s Executive Deferral and Stock Match Plan.
Positive
- Grant aligns executive pay with shareholder outcomes via deferred stock units that convert to shares or cash
- Clear disclosure of transaction date (08/22/2025), number of units (78.9849), price reference ($17.91), and post-transaction beneficial ownership (6,814.29)
Negative
- None.
Insights
TL;DR: Insider received ~79 deferred stock units, modestly increasing beneficial holdings to 6,814.29 units at a reference price of $17.91.
The grant of 78.9849 deferred stock units to a senior executive is a routine compensation event reflecting long-term incentive design rather than open-market buying or selling. The units convert to one share each (or cash) and expand the reporting person’s beneficial position to 6,814.29 units. From a shareholder perspective, this is an administrative equity-based compensation action tied to the Executive Deferral and Stock Match Plan and does not represent immediate dilution from an open-market issuance disclosed here.
TL;DR: This is a standard deferred compensation grant under an executive plan; it signals alignment with long-term pay practices.
The filing documents a deferred stock unit award that will settle in cash or shares per plan terms, which is consistent with common executive compensation frameworks that defer immediate equity delivery. The disclosure is clear about settlement mechanics and reporting the post-transaction beneficial ownership. No departures from standard governance disclosure practices are evident in the filing itself.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 78.9849 | $17.91 | $1K |
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
