Form 4: Zoetis Executive Vice President Acquires Phantom Stock Units

Zoetis Inc. Executive Vice President Julie Fuller reported the acquisition of phantom stock units through the company's Supplemental Savings Plan.

Summary

• Julie Fuller, Executive Vice President of Zoetis Inc., acquired 158.8077 phantom stock units on July 11, 2025.
• Following this transaction, Julie Fuller beneficially owns 185.9152 derivative securities, specifically phantom stock units.
• These phantom stock units were acquired pursuant to 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, typically around 5% of the total unit value.
• The value of each phantom stock unit is determined by reference to the market value of Zoetis common stock and the value of the cash-equivalent investments.
• The phantom stock units are settled in cash following the reporting person's separation from service.
• The reporting person may transfer these units into an alternative investment fund at any time, subject to potential limitations by Zoetis on timing, frequency, and permissibility of transfers.

Sentiment

Score: 7

Explanation: The acquisition of phantom stock units by an executive generally indicates alignment of interests with shareholders, as the value is tied to the company's common stock performance. This is a routine disclosure for executive compensation.

Positives

• The acquisition of phantom stock units by an Executive Vice President aligns management's interests with shareholder value, as the units' value is tied to the company's common stock performance.
• The Zoetis Supplemental Savings Plan offers flexibility, allowing the reporting person to transfer units into an alternative investment fund.

Risks

• The value of the phantom stock units is directly influenced by the market value of Zoetis common stock, exposing the units to market fluctuations.
• Zoetis retains the right to limit the timing, frequency, and permissibility of transfers from one investment fund to another within the Supplemental Savings Plan.

Future Outlook

The phantom stock units are designed to be settled in cash following the reporting person's separation from service.

Industry Context

This filing is a routine disclosure of an executive's equity-linked compensation, common across publicly traded companies, and does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by an executive aligns their financial interests with the company's stock performance, potentially benefiting shareholders through shared incentives.

Next Steps

• Phantom stock units will be settled in cash following the reporting person's separation from service.
• The reporting person has the option to transfer phantom stock units into an alternative investment fund.

Key Dates

Keywords

Zoetis, ZTS, SEC Form 4, phantom stock units, executive compensation, insider transaction, beneficial ownership, Julie Fuller