Eli Lilly EVP Kenneth Custer Reports RSU Vesting and Tax Withholding
ELI LILLY & Co
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Filing Summary
# Eli Lilly & Co ($LLY) - Form 4 Filing
**Reporting Owner:** Kenneth L. Custer (EVP & President, Card Met Hlth)
**Filing Date:** 2026-11-03 | **Transaction Date:** 2026-11-01
### Summary
- **Type:** RSU Vesting & Tax Withholding
- **Shares Acquired:** 3,220 Common Stock (RSU settlement at $0.00)
- **Shares Withheld (Tax):** 1,425.447 shares @ $1,417.54 (~$2.02M)
- **Post-Transaction Holdings:** 11,935.097 direct shares
- **Trading Significance:** Low (Routine equity vesting and tax obligation fulfillment)
Comprehensive Analysis
Executive Summary
On November 3, 2026, Eli Lilly & Co ($LLY) filed a Form 4 for Kenneth L. Custer, EVP & President, Card Met Hlth. The filing details the settlement of 3,220 Restricted Stock Units (RSUs) on November 1, 2026, and the automatic disposition of 1,425.447 shares surrendered to satisfy statutory tax withholding liabilities at $1,417.54 per share. Following these transactions, Dr. Custer directly owns 11,935.097 shares of common stock.
Transaction Analysis
- RSU Settlement (Code M): 3,220 restricted stock units vested and converted into 3,220 shares of common stock on a 1-for-1 basis at zero cost.
- Tax Withholding (Code F): 1,425.447 shares were withheld by the issuer to cover associated tax withholding obligations at a valuation of $1,417.54 per share, totaling approximately $2,020,627.14.
- Net Position Change: Dr. Custer experienced a net increase of 1,794.553 common shares, bringing his total direct beneficial ownership to 11,935.097 shares.
Market and Trading Context
Because these transactions consist solely of routine equity compensation vesting and mandatory tax share-withholding, they do not reflect discretionary open-market buying or selling. Consequently, the trading significance of this filing is categorized as Low.
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Important Disclaimer
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