Form 4: Zoetis Director Transfers Shares to Trust

Michael B. McCallister, a director at Zoetis Inc., reported transferring 16,854 shares of common stock to a family trust on September 3, 2024.

Summary

• On September 3, 2024, Michael B. McCallister, a director of Zoetis Inc., filed a Form 4 to report changes in beneficial ownership of the company's stock.
• The report indicates that Mr. McCallister transferred 16,854 shares of Zoetis common stock to a trust for $0 consideration.
• Following the transaction, Mr. McCallister directly owns 1 share and indirectly owns 16,854 shares through the Michael and Charlene McCallister Family Trust, 6,160 shares through the Charlene McCallister Revocable Trust, and 2,840 shares through The Charlene G. McCallister 2022 Grantor Retained Annuity Trust.
• The trusts are for the benefit of the reporting person and the reporting person's spouse.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing regarding stock ownership, with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies.

Stakeholder Impact

• The transaction itself has minimal direct impact on stakeholders, as it is a transfer of shares to a trust and does not involve a sale to the public market.

Key Dates