Form 4: Zoetis Executive Vice President Nicholas Ashton Reports Stock Transactions
SEC Form 4
Executive Vice President Nicholas Ashton of Zoetis Inc. reports the vesting and settlement of restricted stock units, along with associated tax withholdings, resulting in changes to his beneficial ownership of company stock.
Summary
- On February 8, 2025, Nicholas Ashton, an Executive Vice President at Zoetis Inc., engaged in transactions involving the company's common stock.
- These transactions included the vesting and settlement of restricted stock units (RSUs).
- Specifically, 393 RSUs vested and were settled, resulting in the acquisition of 393 shares of common stock.
- Additionally, 170 RSUs vested and were settled, resulting in the acquisition of 170 shares of common stock.
- A portion of the acquired shares (205 and 89 shares respectively) were withheld to cover tax obligations at a price of $171.43 per share.
- Following these transactions, Ashton directly owns 1,094 shares of Zoetis Inc. common stock and 752 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 8, 2022 | Date that restricted stock units granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an 'RSU' and collectively, 'RSUs') vests and is settled in shares of Zoetis Inc. common stock on the third anniversary of the date of grant. |
| February 8, 2023 | Date of grant for restricted stock units granted pursuant to the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an 'RSU' and collectively, 'RSUs'). One-third of each RSU vests and is settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries of the date of grant, February 8, 2023; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events. |
| February 6, 2024 | Date of grant for restricted stock units granted pursuant to the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an 'RSU' and collectively, 'RSUs'). One-third of each RSU vests and is settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries of the date of grant, February 6, 2024; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events. |
| February 8, 2025 | Date of the reported transactions: vesting and settlement of restricted stock units. |
| February 11, 2025 | Date of signature for the Form 4 filing. |
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