Form 4: Zoetis Executive Acquires Phantom Stock Units in Supplemental Savings Plan

Executive Vice President Keith Sarbaugh acquired phantom stock units in Zoetis Inc.'s Supplemental Savings Plan on April 4, 2025.

Summary

• On April 4, 2025, Keith Sarbaugh, an Executive Vice President at Zoetis Inc., acquired phantom stock units through the Zoetis Supplemental Savings Plan.
• The transaction involved the acquisition of 42.8565 phantom stock units at a price of $49.66, resulting in a total of 814.871 phantom stock units beneficially owned.
• These phantom stock units are settled in cash upon the reporting person's separation from service and can be transferred into an alternative investment fund, subject to Zoetis' limitations on timing and frequency of transfers.
• Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments, typically around 5% of the total value.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing operation. The sentiment is neutral to slightly positive as it shows continued participation in the company's savings plan.

Positives

• The acquisition of phantom stock units aligns the executive's interests with the company's performance.
• The Supplemental Savings Plan provides a mechanism for executives to save and invest in the company's future.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects an executive's participation in a savings plan.
• Employees participating in the savings plan benefit from the opportunity to invest in the company's stock.

Key Dates

Keywords

Zoetis, phantom stock units, Supplemental Savings Plan, executive compensation, Form 4, Sarbaugh, ZTS