Director at Elevance Health (NYSE: ELV) receives 563 deferred units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COLLIS STEVEN H reported acquisition or exercise transactions in this Form 4 filing.
Elevance Health director Steven H. Collis reported an award of 563 deferred stock units of common stock. The units were granted at no cash price as part of the company’s Board of Directors Compensation Program, increasing his directly held equity units to 4,202.
The deferred stock units will be settled in Elevance Health common stock upon the earlier of five years from the grant date or when Collis leaves the board, unless he has elected a later date under the Board of Directors Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COLLIS STEVEN H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 563 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,202 shares (Direct, null)
Footnotes (1)
- Deferred stock units accrued under the Elevance Health, Inc. ("Company") Board of Directors Compensation Program. The deferred stock units shall be payable in Company common stock upon the first to occur of (a) five years from the date of grant or (b) the date the Reporting Person ceases to be a member of the Company's board of directors, unless a later date is designated in the Reporting Person's election made under the Company's Board of Directors Deferred Compensation Plan.
Key Figures
Deferred stock units granted: 563 units
Grant price per unit: $0.00 per unit
Holdings after transaction: 4,202 units
+1 more
4 metrics
Deferred stock units granted
563 units
Board of Directors Compensation Program grant
Grant price per unit
$0.00 per unit
Deferred stock unit award to director
Holdings after transaction
4,202 units
Total direct Elevance Health equity units after grant
Deferral period trigger
5 years or board departure
Earlier event determines when units are paid in stock
Key Terms
Deferred stock units, Board of Directors Compensation Program, Board of Directors Deferred Compensation Plan
3 terms
Deferred stock units financial
"Deferred stock units accrued under the Elevance Health, Inc. Board of Directors Compensation Program."
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.
Board of Directors Compensation Program financial
"Deferred stock units accrued under the Elevance Health, Inc. ("Company") Board of Directors Compensation Program."
Board of Directors Deferred Compensation Plan financial
"election made under the Company's Board of Directors Deferred Compensation Plan."
FAQ
What did Steven H. Collis report in Elevance Health (ELV) Form 4?
Steven H. Collis reported receiving 563 deferred stock units of Elevance Health common stock as a board compensation award, increasing his directly held equity units to 4,202 after the transaction.
Does the Form 4 for Elevance Health (ELV) show an open-market trade by Steven H. Collis?
No, the Form 4 shows a grant of 563 deferred stock units at a price of $0.00 per unit as board compensation, not an open-market purchase or sale of Elevance Health shares.