Modi Rajeev A. 4

What Happened
Rajeev A. Modi, Executive Vice President, U.S. Pet Health and Global Digital Transformation at Elanco Animal Health (ELAN), was granted 56.136 deferred stock units on 2026-02-06. The units are reported at $25.20 each for a total reported value of $1,415. This transaction is an award (derivative grant), not an open‑market purchase or sale.

Key Details

• Transaction type/code: Award/Grant (A) of deferred stock units (derivative).
• Date and price: 2026-02-06 at $25.20 per unit; total value $1,415.
• Filing: Form 4 filed 2026-02-10 — timely (filed within required reporting window).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: Each deferred stock unit equals the right to receive one share or the cash equivalent (F1). Units settle in cash or shares after termination or in a specified future year per the Executive Deferral and Stock Match Plan (F2).

Context
Deferred stock units are compensation-related derivatives that convert to shares or cash in the future; they reflect pay deferral rather than an immediate vote of confidence via buy/sell. Such awards are common for executives and do not necessarily signal near-term trading intent.