Rau Diogo 4

What Happened

• Diogo Rau, EVP & Chief Information and Digital Officer at Eli Lilly (LLY), had 3,752 restricted stock units (RSUs) convert to common shares on 2026-02-01. To satisfy tax withholding, 1,673.538 shares were disposed at $1,037.15 per share, raising $1,735,710. The conversion and the withholding/sale were reported on a Form 4 filed 2026-02-03.
• Net of the withholding, Rau retained approximately 2,078.462 shares from this vesting event (3,752 converted minus 1,673.538 withheld).

Key Details

• Transaction date: 2026-02-01; Form 4 filed: 2026-02-03 (timely).
• Conversion (code M): 3,752 RSUs converted to common shares @ $0.00 (reported as acquisition).
• Tax withholding/disposition (code F): 1,673.538 shares disposed @ $1,037.15 = $1,735,710.
• Ownership after transaction: not specified in the filing summary (filing shows the conversion and withholding, but does not list total holdings here).
• Footnote: Each restricted stock unit represents the contingent right to one share of Eli Lilly common stock (F1).
• Transaction codes: M = exercise/conversion of a derivative (here, RSU vesting); F = payment of exercise price or tax liability (share withholding/sale).

Context

• This appears to be a routine RSU vesting with net settlement for taxes (shares withheld/sold to cover tax liability), not an open-market investment decision. Such tax-withholding dispositions are common when equity awards vest and do not necessarily indicate a view on the company’s stock.