Form 4: Zoetis Inc. Director Gavin Hattersley Acquires Restricted Stock Units

Director Gavin Hattersley acquired 1,436 restricted stock units (RSUs) of Zoetis Inc. on April 1, 2024, which will vest on the first anniversary of the grant date.

Summary

• On April 1, 2024, Gavin Hattersley, a director of Zoetis Inc., was granted 1,436 restricted stock units (RSUs).
• These RSUs were granted under the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan.
• Each RSU represents the contingent right to receive one share of Zoetis Inc. common stock.
• The RSUs will vest and be settled in shares of Zoetis Inc. common stock on April 1, 2025, contingent upon continued service.
• The reporting person now directly owns 1,436 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine grant of stock units, which is generally viewed as a positive sign of aligning management interests with shareholders. It's a neutral event with a slightly positive undertone.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and performance.

Risks

• The vesting of the RSUs is contingent upon continued service, so any departure of the director before the vesting date would result in forfeiture of the units.

Future Outlook

The director's holdings will increase upon vesting of the RSUs, aligning their interests with the company's performance.

Industry Context

This is a standard practice for incentivizing and retaining key personnel in publicly traded companies.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders.

Key Dates