Form 4: Zoetis Executive Vice President Acquires Phantom Stock Units
SEC Form 4 Filing
An SEC Form 4 filing reveals that Zoetis' Executive Vice President, Banque Soria Ester, acquired phantom stock units on October 4, 2024.
Summary
- On October 4, 2024, Banque Soria Ester, Executive Vice President of Zoetis Inc., acquired 154.3003 phantom stock units pursuant to the Zoetis Supplemental Savings Plan.
- The price of the phantom stock unit was $61.07.
- Following the transaction, the reporting person beneficially owns 319.9475 phantom stock units.
- These phantom stock units are settled in cash following the reporting person's separation from service and may be transferred into an alternative investment fund.
- Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments.
Sentiment
Score: 5
Explanation: The document is a neutral report of a transaction. It doesn't contain any information that would indicate a positive or negative sentiment.
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 of stock-based compensation for a company executive, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 10/04/2024 | Date of transaction: Banque Soria Ester acquired phantom stock units. |
| 10/08/2024 | Date of signature on the SEC filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.