Eli Lilly exec Hernandez gifts 13 shares
Eli Lilly EVP for Manufacturing reported a small bona fide gift of common stock while retaining over 46,000 directly held shares.
Rhea-AI Filing Summary
ELI LILLY & Co (LLY) executive Edgardo Hernandez, EVP & President, Manufacturing Operations, reported a bona fide gift of 13 shares of common stock on September 2, 2026. After this gift, he held 46,082.717 shares directly and 874.220 shares indirectly through a 401(k) account.
No transactions were reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 shares gifted
Gift
2 txns
Insider
Hernandez Edgardo
Role
EVP & Pres., Mfg. Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 13 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 46,082.717 shares (Direct);
Common Stock — 874.22 shares (Indirect, 401(k))
Key Figures
Gifted shares: 13 shares
Direct holdings after transaction: 46,082.717 shares
Indirect 401(k) holdings: 874.220 shares
+2 more
5 metrics
Gifted shares
13 shares
Bona fide gift of Eli Lilly common stock on September 2, 2026
Direct holdings after transaction
46,082.717 shares
Direct ownership of Eli Lilly common stock after reported gift
Indirect 401(k) holdings
874.220 shares
Indirect ownership through a 401(k) account as of September 2, 2026
Transaction price per share
$0.00
Reported price per share for the bona fide gift transaction
Gift transactions count
1 transaction
Single bona fide gift reported in this Form 4
Key Terms
Bona fide gift, 401(k), Rule 10b5-1 plan
3 terms
Bona fide gift financial
"transaction code represents a bona fide gift of securities"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
401(k) financial
"874.220 shares held indirectly through a 401(k) account"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
Rule 10b5-1 plan regulatory
"No transactions were reported under a Rule 10b5-1 trading plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
FAQ
What insider transaction did Eli Lilly (LLY) executive Edgardo Hernandez report?
He reported a bona fide gift of 13 shares of Eli Lilly common stock on September 2, 2026, transferring the shares at a reported price of $0.00 per share as a gift disposition.
Was the Eli Lilly (LLY) insider transaction made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, meaning the reported gift of 13 shares was not disclosed as being made under a Rule 10b5-1 trading plan.
What type of transaction code appears on this Eli Lilly (LLY) Form 4?
The Form 4 uses transaction code G, which represents a bona fide gift of securities. This code applies to the transfer of 13 shares of Eli Lilly common stock on September 2, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
