Form 4: Zoetis Executive Vice President Reports Acquisition of Phantom Stock Units
SEC Form 4 Filing
Executive Vice President Robert J Polzer reports acquiring phantom stock units in Zoetis Inc. through the company's Supplemental Savings Plan.
Summary
- On April 5, 2024, Robert J Polzer, an Executive Vice President at Zoetis Inc., acquired 344.7978 phantom stock units through the Zoetis Supplemental Savings Plan.
- These phantom stock units are settled in cash after the reporting person's separation from service.
- The value of each phantom stock unit is linked to the market value of Zoetis common stock and a small amount of cash-equivalent investments, typically around 5% of the total unit value.
- Following the transaction, Polzer directly owns 8,821.8619 phantom stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The phantom stock units are settled in cash following the reporting person's separation from service.
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 provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of transaction: Acquisition of phantom stock units. |
| 04/09/2024 | Date of signature for the Form 4 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.