Form 4: Zoetis Executive Roxanne Lagano Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Executive Vice President Roxanne Lagano reports the acquisition of phantom stock units in Zoetis Inc. through the company's Supplemental Savings Plan.
Summary
- Roxanne Lagano, an Executive Vice President at Zoetis Inc., filed a Form 4 to report changes in beneficial ownership.
- On April 5, 2024, Lagano acquired 280.7765 phantom stock units through the Zoetis Supplemental Savings Plan at a price of $53.31 per unit.
- These phantom stock units are settled in cash following the reporting person's separation from service.
- Lagano directly owns 26,503.0983 derivative securities after the reported transaction.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Future Outlook
The phantom stock units will be settled in cash following the reporting person's separation from service.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Zoetis.
Stakeholder Impact
- The transaction impacts shareholders by increasing the number of derivative securities held by a company executive.
- The transaction impacts the executive by increasing their compensation.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/09/2024 | Date of signature on the Form 4 filing. |
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