Form 4: Zoetis EVP Acquires Phantom Stock Units

Zoetis Executive Vice President Julie Fuller acquired 190.4045 phantom stock units through the company's Supplemental Savings Plan, aligning her interests with shareholders.

Summary

• Julie Fuller, Executive Vice President of Zoetis Inc. (ZTS), acquired 190.4045 phantom stock units.
• The transaction occurred on January 9, 2026, as part of the Zoetis Supplemental Savings Plan.
• Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments (approximately 5% of total value).
• The value of each phantom stock unit is determined by reference to the market value of Zoetis common stock and the value of cash-equivalent investments.
• The underlying common stock value for the transaction was $42.42 per share.
• Following this acquisition, Julie Fuller beneficially owns 578.0564 phantom stock units.
• These units are settled in cash upon the reporting person's separation from service.

Sentiment

Score: 6

Explanation: The acquisition of phantom stock units by an executive is generally a positive signal, indicating alignment with company performance. However, it's not a direct open market purchase of common stock, which would typically carry a stronger positive sentiment.

Positives

• The acquisition of phantom stock units by an Executive Vice President aligns management's financial interests with those of common shareholders.
• Participation in the Zoetis Supplemental Savings Plan demonstrates continued commitment to the company's long-term performance.

Negatives

• Phantom stock units are settled in cash upon separation from service, meaning they do not represent direct equity ownership or voting rights.
• The value of the phantom stock units is partially tied to cash-equivalent investments (approximately 5%), which may dilute the direct correlation to Zoetis common stock performance.

Risks

• Zoetis may limit the timing, frequency, and permissibility of transfers from one investment fund to another within the Supplemental Savings Plan at any time, affecting the reporting person's ability to manage their phantom stock unit investments.

Stakeholder Impact

• Shareholders: The transaction indicates management's continued investment in the company's performance, potentially boosting investor confidence through alignment of interests.
• Employees (specifically the reporting person): The acquisition through the Supplemental Savings Plan contributes to the executive's long-term compensation and retirement planning.

Key Dates

Keywords

Zoetis, ZTS, Phantom Stock Units, Insider Transaction, SEC Form 4, Executive Compensation, Supplemental Savings Plan, Beneficial Ownership