Eli Lilly Files DEF 14A: Executive Compensation Details

Ticker: LLY · Form: DEF 14A · Filed: 2024-03-22T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, corporate-governance

Related Tickers: LLY

TL;DR

LLY's DEF 14A is out, showing exec pay details for 2023. Focus on stock awards and pension adjustments.

AI Summary

Eli Lilly and Company (LLY) filed its DEF 14A on March 22, 2024, detailing executive compensation and other corporate matters for the fiscal year ending December 31, 2023. The filing includes information on various compensation components for its Named Executive Officers, such as base salary, stock awards, and option awards, alongside details on pension plans and equity adjustments. Specific figures for these components are presented within the detailed tables of the filing.

Why It Matters

This filing provides transparency into how Eli Lilly compensates its top executives, which can influence investor perception and corporate governance practices.

Risk Assessment

Risk Level: low — This filing is a routine annual disclosure of executive compensation and corporate governance, not indicating new or unusual risks.

Key Numbers

2834 — SIC Code (Pharmaceutical Preparations industry classification)
350470950 — IRS Number (Company's IRS identification)

Key Players & Entities

ELI LILLY & Co (company) — Filer
0000059478 (company) — Central Index Key
20240322 (date) — Filing Date
2023-12-31 (date) — Fiscal Year End

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Proxy Statement, is used by companies to solicit proxies from shareholders for their annual meeting, providing detailed information on matters to be voted upon, including executive compensation, director elections, and other corporate governance issues.

What fiscal year does this DEF 14A filing primarily cover?

This DEF 14A filing primarily covers the fiscal year ending December 31, 2023, as indicated by the reporting period dates.

What type of information is typically found in the 'ecd:PeoMember' and 'lly:RicksMember' sections?

These sections likely refer to compensation details for 'Principal Executive Officer' (PeoMember) and potentially a specific executive named Ricks, detailing their compensation components and adjustments for the fiscal year.

What does the 'STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834]' indicate?

This indicates that Eli Lilly & Co. is classified under SIC code 2834, which pertains to companies primarily engaged in the manufacturing of pharmaceutical preparations.

What is the significance of the 'FILING VALUES: FORM TYPE: DEF 14A'?

This confirms that the document is a Definitive Proxy Statement filed under the Securities Exchange Act of 1934, used for soliciting shareholder votes.

From the Filing

0000059478-24-000099.txt : 20240322 0000059478-24-000099.hdr.sgml : 20240322 20240322162305 ACCESSION NUMBER: 0000059478-24-000099 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 118 CONFORMED PERIOD OF REPORT: 20240322 FILED AS OF DATE: 20240322 DATE AS OF CHANGE: 20240322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ELI LILLY & Co CENTRAL INDEX KEY: 0000059478 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 350470950 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-06351 FILM NUMBER: 24775566 BUSINESS ADDRESS: STREET 1: LILLY CORPORATE CTR STREET 2: DROP CODE 1094 CITY: INDIANAPOLIS STATE: IN ZIP: 46285 BUSINESS PHONE: 3172762000 MAIL ADDRESS: STREET 1: LILLY CORPORATE CENTER STREET 2: DROP CODE 1094 CITY: INDIANAPOLIS STATE: IN ZIP: 46285 FORMER COMPANY: FORMER CONFORMED NAME: LILLY ELI & CO DATE OF NAME CHANGE: 19941024 DEF 14A 1 lly-20240322.htm DEF 14A lly-20240322 0000059478 DEF 14A FALSE 0000059478 2023-01-01 2023-12-31 0000059478 ecd:PeoMember lly:RicksMember 2023-01-01 2023-12-31 xbrli:pure 0000059478 ecd:NonPeoNeoMember 2023-01-01 2023-12-31 iso4217:USD iso4217:USD xbrli:shares 0000059478 2022-01-01 2022-12-31 0000059478 2021-01-01 2021-12-31 0000059478 2020-01-01 2020-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInPensionValueMember 2023-01-01 2023-12-31 0000059478 lly:AdjustmentPensionServiceCostMember ecd:PeoMember 2023-01-01 2023-12-31 0000059478 ecd:PeoMember lly:AdjustmentEquityMember 2023-01-01 2023-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInValueEquityGrantedInCurrentYearMember 2023-01-01 2023-12-31 0000059478 lly:AdjustmentChangeInValueUnvestedEquityMember ecd:PeoMember 2023-01-01 2023-12-31 0000059478 ecd:PeoMember lly:AdjustmentFinalValueVestedEquityMember 2023-01-01 2023-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInPensionValueMember 2022-01-01 2022-12-31 0000059478 lly:AdjustmentPensionServiceCostMember ecd:PeoMember 2022-01-01 2022-12-31 0000059478 ecd:PeoMember lly:AdjustmentEquityMember 2022-01-01 2022-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInValueEquityGrantedInCurrentYearMember 2022-01-01 2022-12-31 0000059478 lly:AdjustmentChangeInValueUnvestedEquityMember ecd:PeoMember 2022-01-01 2022-12-31 0000059478 ecd:PeoMember lly:AdjustmentFinalValueVestedEquityMember 2022-01-01 2022-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInPensionValueMember 2021-01-01 2021-12-31 0000059478 lly:AdjustmentPensionServiceCostMember ecd:PeoMember 2021-01-01 2021-12-31 0000059478 ecd:PeoMember lly:AdjustmentEquityMember 2021-01-01 2021-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInValueEquityGrantedInCurrentYearMember 2021-01-01 2021-12-31 0000059478 lly:AdjustmentChangeInValueUnvestedEquityMember ecd:PeoMember 2021-01-01 2021-12-31 0000059478 ecd:PeoMember lly:AdjustmentFinalValueVestedEquityMember 2021-01-01 2021-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInPensionValueMember 2020-01-01 2020-12-31 0000059478 lly:AdjustmentPensionServiceCostMember ecd:PeoMember 2020-01-01 2020-12-31 0000059478 ecd:PeoMember lly:AdjustmentEquityMember 2020-01-01 2020-12-31 0000059478 ecd:PeoMember lly:AdjustmentChangeInValueEquityGrantedInCurrentYearMember 2020-01-01 2020-12-31 0000059478 lly:AdjustmentChangeInValueUnvestedEquityMember ecd:PeoMember 2020-01-01 2020-12-31 0000059478 ecd:PeoMember lly:AdjustmentFinalValueVestedEquityMember 2020-01-01 2020-12-31 0000059478 ecd:NonPeoNeoMember lly:AdjustmentChangeInPensionValueMember 2023-01-01 2023-12-31 0000059478 lly:AdjustmentPensionServiceCostMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000059478 ecd:NonPeoNeoMember lly:AdjustmentEquityMember 2023-01-01 2023-12-31 0000059478 ecd:NonPeoNeoMember lly:AdjustmentChangeInValueEquityGrantedInCurrentYearMember 2023-01-01 2023-12-31 0000059478 lly:AdjustmentChangeInValueUnvestedEquityMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0