Elanco (ELAN) Director Anand Kapila Receives Deferred Stock Award

What Happened

• Anand Kapila K, a member of Elanco's Board of Directors, was credited with 642.028 Deferred Stock Units (DSUs) on 2026-09-30 as an award/acquisition under the company's directors' deferral plan. The Form 4 reports these units at $22.39 per unit for a total reported value of $14,375. This was not an open-market purchase or sale—it's the conversion of deferred cash retainer fees into DSUs (a derivative that tracks one share each).

Key Details

• Transaction date: 2026-09-30; Filing date: 2026-10-01 (timely filing).
• Reported units acquired: 642.028 Deferred Stock Units.
• Reported per-unit amount on Form 4: $22.39; reported total value: $14,375.
• Footnotes: (1) The DSUs represent the economic equivalent of one share of Elanco common stock and were credited under the Directors' Deferral Plan. (2) DSUs will be settled in stock when the reporting person separates from the Board. (3) The filing notes the number of DSUs was calculated by dividing deferred cash compensation by the closing share price on the grant date (which the footnote gives as $24.61 on 2026-09-30).
• Shares owned after the transaction: not disclosed in the filing.
• Transaction code: A (award/grant). This is a derivative award rather than a buy/sell of shares.

Context

• These DSUs reflect deferred director fees being converted into units that will be paid in stock upon the director's separation from the board. Such deferral awards are routine compensation actions and do not necessarily signal the director's view on the company's near-term prospects.