Form 4: Zoetis CEO Kristin Peck Reports Stock Transactions
SEC Form 4 Filing
Zoetis CEO Kristin Peck reports acquisition and disposal of common stock and restricted stock units.
Summary
- Kristin Peck, CEO of Zoetis Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 6, 2025, Peck acquired 5,475 shares of common stock upon vesting of restricted stock units.
- Also on February 6, 2025, Peck disposed of 1,883 shares of common stock at a price of $174.12.
- Following these transactions, Peck directly owns 82,958 shares of common stock.
- Peck also indirectly owns 811.5333 shares of common stock through the Zoetis Inc. Savings Plan (401(k)).
- The report also details holdings of restricted stock units (RSUs) that will vest on future dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document does not contain specific forward-looking statements, but it details the vesting schedule of existing restricted stock units.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term shareholder value.
- The vesting schedules described in the document (one-third vesting annually) are typical for RSUs.
- Similar filings are made by executives at comparable companies like Elanco Animal Health and Merck & Co., providing insights into their stock ownership and trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- The vesting of RSUs incentivizes the CEO to continue to perform well for the company.
Key Dates
| Date | Description |
|---|---|
| February 8, 2022 | Date of grant for 14,298.76 restricted stock units, vesting on the third anniversary. |
| February 8, 2023 | Date of grant for 12,270.1421 restricted stock units, vesting in three annual installments. |
| February 6, 2024 | Date of grant for 5,475.5657 restricted stock units, vesting in three annual installments. |
| December 31, 2024 | Date for common stock equivalents held in the Zoetis Inc. Savings Plan, a 401(k) plan. |
| February 6, 2025 | Date of transaction: Acquisition of common stock upon vesting of RSUs and disposal of common stock. |
| February 10, 2025 | Date of signature for the Form 4 filing. |
Keywords
Zoetis, Kristin Peck, Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, ZTS, CEO
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