Modi Rajeev A. 4

What Happened Rajeev A. Modi, Executive Vice President, U.S. Pet Health and Global Digital Transformation at Elanco (ELAN), received a grant of 1,360.236 deferred stock units on 2026-03-06. The units are recorded at $23.36 each, for a reported aggregate value of $31,775. This was an award/compensation grant (SEC transaction code A) — not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-06; Form 4 filed: 2026-03-10 (filing is timely).
• Grant details: 1,360.236 deferred stock units at $23.36 per unit; total reported value $31,775.
• Securities type: Derivative (deferred stock units), not immediate common-share acquisition.
• Shares/units owned after transaction: Not specified in the filing.
• Footnotes: Each deferred stock unit represents the right to one share or a cash equivalent (F1). Units settle in cash or shares following termination or in a specified future year under the Executive Deferral and Stock Match Plan (F2).

Context Deferred stock units are a form of compensation that convert to company shares or cash at a later date (vesting/settlement), so this award does not imply an immediate buy or sale of stock. Such grants are common for executive pay and are informational rather than a direct bullish/bearish trading signal.