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ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000059478 lly:AdjustmentFinalValueVestedEquityMember ecd:NonPeoNeoMember 2021-01-01 2021-12-31 0000059478 1 2025-01-01 2025-12-31 0000059478 2 2025-01-01 2025-12-31 0000059478 3 2025-01-01 2025-12-31 iso4217:USD iso4217:USD shares 0000059478 PRE 14A false ELI LILLY AND COMPANY true <div style="margin-bottom:9pt">Consistent with last year, the company granted two types of stock awards to its named executive officers. The Committee grants annual stock awards on a pre-established date without consideration of material nonpublic information.</div> <div style="margin-bottom:9pt">Consistent with last year, the company granted two types of stock awards to its named executive officers. The Committee grants annual stock awards on a pre-established date without consideration of material nonpublic information.</div> <div style="margin-bottom:9pt">Consistent with last year, the company granted two types of stock awards to its named executive officers. The Committee grants annual stock awards on a pre-established date without consideration of material nonpublic information.</div> true false Mr. Ricks <div style="margin-bottom:3pt;margin-top:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:504.00pt"><tr><td style="width:1.0pt"></td><td style="width:28.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:64.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:65.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:59.50pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:51.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:54.25pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:40.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:61.00pt"></td><td style="width:1.0pt"></td></tr><tr style="height:23pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-right:0.5pt dotted #d52b1e;padding:0 1pt"></td><td colspan="6" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">Value of initial fixed $100 investment based on:</td><td colspan="3" style="border-left:0.5pt dotted #d52b1e;padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr style="height:60pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Year1</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Summary Compensation Table Total for PEO2</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to PEO3</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Summary Compensation Table Total for Non-PEO NEOs4, 7</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Average Compensation Actually Paid to Non-PEO NEOs3</div></td><td colspan="3" style="border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total Shareholder Return5</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Peer Group Total Shareholder Return5</div></td><td colspan="3" style="border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Income ($ millions)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Company Selected Measure (CSM) –Adjusted Non-GAAP EPS6</div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2025</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$36,698,337</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$75,185,008</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$10,925,377</td><td colspan="2" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$20,352,904 </td><td style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$670.56</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$154.11</td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;border-top:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$20,640</td><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:top">$27.06</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2024</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$29,242,926</td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$80,583,515</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top">$6,090,259</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">($929,092)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$478.17</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$123.43</td><td colspan="3" style="background-color:#ffffff;border-left:0.5pt dotted #d52b1e;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$10,590</td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:top">$16.11</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:top">2023</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:top">$26,565,732</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$120,865,280</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:right;vertical-align:top">$7,836,611</td><td colspan="2" style="background-color:#f2f2f2;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$27,249,897 </td><td style="background-color:#f2f2f2;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$358.72</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:top">$118.45</td><td colspan="3" style="background-color:#f2f2f2;border-left:0.5pt dotted #d52b1e;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$5,240</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:top">$9.14</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2022</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$21,398,135</td><td colspan="3" style="background-color:#ffffff;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$64,088,705</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:right;vertical-align:top">$5,769,810</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$13,893,269 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$222.94</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:center;vertical-align:top">$124.87</td><td colspan="3" style="background-color:#ffffff;border-left:0.5pt dotted #d52b1e;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$6,245</td><td colspan="3" style="background-color:#ffffff;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:top">$8.55</td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">2021</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$21,509,985</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$75,705,116</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">$4,730,690</td><td colspan="2" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">$4,563,545 </td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;border-left:0.5pt dotted #d52b1e;padding:2px 1pt;text-align:center;vertical-align:top">$166.08</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top">$116.73</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;border-left:0.5pt dotted #d52b1e;padding:2px 7pt 2px 1pt;text-align:right;vertical-align:top">$5,582</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 19pt 2px 1pt;text-align:right;vertical-align:top">$8.00</td></tr></table></div> 36698337 75185008 10925377 20352904 670.56 154.11

20640000000

27.06 29242926 80583515 6090259 -929092 478.17 123.43

10590000000

16.11 26565732 120865280 7836611 27249897 358.72 118.45

5240000000

9.14 21398135 64088705 5769810 13893269 222.94 124.87

6245000000

8.55 21509985 75705116 4730690 4563545 166.08 116.73

5582000000

8.00 CAP amounts are calculated using SEC-required valuation assumptions under Item 402(v) of Regulation S-K and do not reflect actual compensation earned by or paid to NEOs. The value realized from unvested awards will be determined when awards fully vest and settle.The adjusted non-GAAP EPS has been revised across all reported years to reflect outcomes for the corporate bonus plan rather than the performance award program, which has been discontinued. Details of those results and the associated adjustments can be found in <a href="#i091f111424e64cdaa82f85f876a50ee8_502" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:112%;text-decoration:underline">Appendix A</a> of the proxy statement for each respective year.<div style="margin-bottom:9pt">The Committee believes in pay for performance and has structured Lilly compensation programs to reward leaders when the company delivers strong results. Lilly has achieved strong cumulative TSR, EPS and revenue growth over the immediately preceding five-year period. As a result, shareholders have been rewarded with significant total stock returns, and leadership has been rewarded with above-target payouts from their incentive compensation programs.</div> The table below reconciles the PEO Summary Compensation Table (SCT) total to CAP:<div style="margin-bottom:3pt;padding-left:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:494.25pt"><tr><td style="width:1.0pt"></td><td style="width:22.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:42pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">SCT Total Compensation for PEO</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">SCT Change in Pension Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Pension Service Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">SCT Stock Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Change in Value: Stock Granted in Current Year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Change in Value: Unvested Stock</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Final Value: Vested Stock</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Compensation Actually Paid to PEO</div></td></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">a</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">b</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">c</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">d</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">e</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">f</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">g</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">a-b+c-d+e+f+g</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$36,698,337</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,451,636</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$616,007</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$23,325,000</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$10,854,848</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$(20,935,949)</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$75,728,401</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$75,185,008</td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$29,242,926</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$1,746,483</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$523,751</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$19,749,324</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(32,793,300)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(16,377,494)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$121,483,439</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$80,583,515</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$26,565,732</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$1,439,822</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$491,959</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$18,840,250</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$20,443,264</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$36,659,046</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$56,985,351</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$120,865,280</td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$21,398,135</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$0</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$623,346</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$16,981,250</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$10,443,998</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(2,718,134)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$51,322,610</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$64,088,705</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">2021</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$21,509,985</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$2,442,235</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$680,872</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$14,966,000</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,627,520</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$17,758,456</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$49,536,518</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$75,705,116</td></tr></table></div> 36698337 -4451636 616007 -23325000 10854848 -20935949 75728401 75185008 29242926 -1746483 523751 -19749324 -32793300 -16377494 121483439 80583515 26565732 -1439822 491959 -18840250 20443264 36659046 56985351 120865280 21398135 0 623346 -16981250 10443998 -2718134 51322610 64088705 21509985 -2442235 680872 -14966000 3627520 17758456 49536518 75705116 When calculating CAP amounts, the fair value or change in fair value, as applicable, of stock awards was computed in accordance with FASB ASC Topic 718. The assumptions used to calculate fair values did not materially differ from what was used at the time of grant. The table below reconciles the Non-PEO NEO SCT totals to CAP:<div style="margin-bottom:3pt;padding-left:9pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:494.25pt"><tr><td style="width:1.0pt"></td><td style="width:22.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:58.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:55.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:60.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:51pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average SCT Total Compensation for Non-PEO NEOs</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average SCT Change in Pension Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Pension Service Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average SCT Stock Value</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Change in Value: Stock Granted in Current Year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Change in Value: Unvested Stock</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Final Value: Vested Stock</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Average Compensation Actually Paid to Non-PEO NEOs</td></tr><tr style="height:14pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">a</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">b</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">c</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">d</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">e</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">f</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">g</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">a-b+c-d+e+f+g</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$10,925,377</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$430,369</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$182,496</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$6,875,000</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$5,405,638</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$(3,353,746)</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$14,498,508</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$20,352,904</td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2024</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$6,090,259</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$215,381</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$159,259</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$3,378,006</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(6,930,869)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(7,775,892)</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$11,121,538</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$(929,092)</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:bottom">2023</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$7,836,611</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$455,154</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$159,626</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,387,275</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$5,693,252</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$9,514,261</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$8,888,576</td><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:center;vertical-align:bottom">$27,249,897</td></tr><tr style="height:14pt"><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$5,769,810</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$93,171</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$185,293</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$3,553,000</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$2,494,818</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$1,188,603</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$7,900,916</td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom">$13,893,269</td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">2021</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,730,690</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$159,911</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$135,445</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$3,115,360</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$1,276,786</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$861,413</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$834,482</td><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">$4,563,545</td></tr></table></div> 10925377 -430369 182496 -6875000 5405638 -3353746 14498508 20352904 6090259 -215381 159259 -3378006 -6930869 -7775892 11121538 -929092 7836611 -455154 159626 -4387275 5693252 9514261 8888576 27249897 5769810 -93171 185293 -3553000 2494818 1188603 7900916 13893269 4730690 -159911 135445 -3115360 1276786 861413 834482 4563545 TSR for the company and peer group is calculated based on a fixed investment of $100 at the applicable measurement point, on the same cumulative basis as is used in Item 201(e) of Regulation S-K. In 2025, the company revised the peer group for calculating TSR results. The peer group is comprised of the same companies from our executive compensation peer group (detailed in the Benchmarking Compensation section) as well as Novo Nordisk. Peer TSR amounts in this column reflect the revised peer group for all fiscal years presented. For comparison, under the prior peer group composition, peer group TSR for 2025 would have been $157.61 (compared to $154.11 for the revised peer group). 157.61 154.11 adjusted non-GAAP EPS Non-PEO NEO composition varied by year due to CFO transitions and role changes:<div style="padding-left:36pt;text-indent:-18pt">•2025: Mr. Montarce; Dr. Skovronsky; Ms. Hakim; and Mr. Van Naarden</div><div style="padding-left:36pt;text-indent:-18pt">•2024: Mr. Montarce; Dr. Skovronsky; Ms. Hakim; Mr. Van Naarden; Mr. Brooks (interim CFO, July 15-Sept 8); and Ms. Ashkenazi (CFO, departed July 30)</div><div style="padding-left:36pt;text-indent:-18pt">•2023: Ms. Ashkenazi; Dr. Skovronsky; Ms. Hakim; and Mr. Van Naarden</div><div style="padding-left:36pt;text-indent:-18pt">•2022: Ms. Ashkenazi; Dr. Skovronsky; Ms. Hakim; and Mr. Jonsson</div><div style="padding-left:36pt;text-indent:-18pt">•2021: Ms. Ashkenazi (appointed CFO Feb 9); Dr. Skovronsky; Mr. Van Naarden; Mr. Rau; and Mr. Smiley (CFO, resigned Feb 9)</div> <div style="margin-bottom:3pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:201.75pt"><tr><td style="width:1.0pt"></td><td style="width:199.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:15pt"><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Most Important Performance Measures</div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Adjusted non-GAAP EPS1</div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Total Shareholder Return</div></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#f2f2f2;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Revenue</div></td></tr></table></div> Adjusted non-GAAP EPS Total Shareholder Return Revenue For pay versus performance analysis, adjusted non-GAAP EPS is consistent with the adjusted non-GAAP EPS values for the annual cash bonus in <a href="#i091f111424e64cdaa82f85f876a50ee8_502" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Appendix A</a>. <div style="margin-bottom:9pt">Over the past five years, the company’s total shareholder return (TSR) has exceeded the peer group’s TSR. The chosen peer group is comprised of the same companies from our executive compensation peer group detailed in the Benchmarking Compensation section, as well as Novo Nordisk. Lilly’s relative TSR outperformance was substantially attributable to strong developments in our product pipeline and launches of new products and indications. As reflected in the chart below, this outperformance contributed to the PEO and non-PEOs’ compensation over the five-year period.</div><div style="margin-bottom:9pt"><img alt="PVP Total Shareholder Return.jpg" id="i-197" src="lly-20260306_g85.jpg" style="height:312px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:9pt">Lilly does not utilize GAAP or non-GAAP net income as a metric in any of its incentive programs. Generally, CAP is not heavily correlated with GAAP net income because GAAP net income includes certain items that the Committee believes are not reflective of underlying business performance. By excluding the impact of (i) amortization of intangible assets primarily associated with costs of marketed products acquired or licensed from third parties, (ii) net losses or gains on investments in equity securities, and (iii) other specified items that are not reflective of underlying business performance, the Committee believes non-GAAP net income better represents the company’s operating performance. For comparison purposes, the graph below reflects both GAAP net income and non-GAAP net income against PEO and average non-PEO NEO CAP. </div><div style="margin-bottom:9pt">The GAAP and non-GAAP net income results include significantly higher acquired IPR&D charges. While immediately expensed for accounting purposes, the company views investments in acquired IPR&D as important contributions to its product pipeline, which is a key driver of future company performance. For additional information on financial results, see<a href="#i091f111424e64cdaa82f85f876a50ee8_502" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"> Appendix A</a>.</div><div style="margin-bottom:6pt"><img alt="PVP Net Income.jpg" id="i-198" src="lly-20260306_g86.jpg" style="height:316px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div><div style="margin-bottom:9pt;padding-left:9pt;text-indent:-9pt">* GAAP net income and non-GAAP net income are discrete outcomes. GAAP net income and non-GAAP net income figures shown in the graphic above both include acquired IPR&D charges, net of taxes, as follows: $785.5 million in 2021, $813.2 million in 2022, $3.70 billion in 2023, $3.18 billion in 2024, and $2.91 billion in 2025.</div> <div style="margin-bottom:9pt">Lilly has chosen adjusted non-GAAP EPS as its most important company selected measure (CSM). Lilly leverages annual non-GAAP EPS derived from the board-approved business plan to set targets for the bonus. Significant sustained profitability growth contributes to higher total CAP as seen in the graphic below. For additional information on non-GAAP financial metrics, see <a href="#i091f111424e64cdaa82f85f876a50ee8_502" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Appendix A</a>.</div><div style="margin-bottom:9pt"><img alt="PVP Adjusted NonGAAP EPS.jpg" id="i-199" src="lly-20260306_g87.jpg" style="height:282px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div>* Adjusted non-GAAP EPS data points are discrete outcomes. <div style="margin-bottom:9pt">Lilly strives to make breakthrough medicines available to patients around the globe. Given a growing portfolio of new medicines, we motivate our entire workforce to reach as many patients as possible. The combination of a strong product portfolio and effective patient delivery yields higher sales volume and, generally, higher revenue. As such, revenue is one of our most important measures to ensure we are continuously growing the number of patients we serve. Generally, our revenue over the preceding five-year period aligns with the growth in PEO and average non-PEO CAP. </div><div style="margin-bottom:9pt;padding-left:36pt"><img alt="PVP Revenue Billions.jpg" id="i-200" src="lly-20260306_g88.jpg" style="height:297px;margin-bottom:5pt;vertical-align:text-bottom;width:566px"/></div>* Revenue data points are discrete outcomes.