Eli Lilly Officer Settles RSUs with Routine Tax Withholding

Executive Summary

On November 1, 2026, Edgardo Hernandez, EVP & President of Manufacturing Operations at Eli Lilly & Co ($LLY), acquired 2,530 shares of common stock via the vesting and settlement of Restricted Stock Units (RSUs). Concurrently, 1,122.902 shares were withheld by the issuer at $1,417.54 per share to cover statutory tax obligations, valued at approximately $1.59 million.

Transaction Breakdown

• Derivative Conversion (Code M): 2,530 RSUs converted into common stock on a 1-to-1 basis at $0.00.
• Tax Withholding Disposition (Code F): 1,122.902 shares were surrendered at $1,417.54 per share ($1,591,758.62 total value) to satisfy tax liabilities.
• Net Share Increase: +1,407.098 common shares directly held.

Ownership Structure

• Direct Ownership Post-Transaction: 47,489.815 shares of common stock.
• Indirect Ownership: 874.6 shares held via the company 401(k) plan.

Market & Trading Significance

This filing reflects standard equity compensation vesting and an associated mandatory or automatic tax withholding event. Because no discretionary open-market sales or purchases occurred, the trading significance is categorized as Low.