Zoetis Inc. (NYSE: ZTS) EVP updates phantom stock unit balance
Rhea-AI Filing Summary
Zoetis Inc. Executive Vice President Abhay U. Nayak filed an amended initial ownership report reflecting holdings of 4,485.9732 Phantom Stock Units tied to Zoetis common stock. This total includes an additional 2,977.2003 units that had been inadvertently omitted earlier and are held in the Zoetis Supplemental Savings Plan, where they are settled in cash following separation from service.
Positive
- None.
Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nayak Abhay U
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Stock Unit F1, F3, F2 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 4,485.9732 shares (Direct)
Footnotes (3)
- F1. These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash following the reporting person's separation from service and may be transferred by the reporting person into an alternative investment fund at any time, provided Zoetis may limit the timing, frequency and permissibility of transfers from one investment fund to another at any time.
- F2. The number of phantom stock units includes the addition of 2,977.2003 units that were inadvertently omitted due to administrative error from the units previously reported as directly held by the Reporting Person on the Form 3 filed on June 17, 2026.
- F3. Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5% of the total value of the phantom stock unit). Accordingly, 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.
Key Figures
Phantom stock units reported: 4,485.9732 units
Previously omitted units added: 2,977.2003 units
Cash-equivalent investment portion: 5%
3 metrics
Phantom stock units reported
4,485.9732 units
Direct Phantom Stock Units tied to Zoetis common stock
Previously omitted units added
2,977.2003 units
Units inadvertently omitted from the original Form 3 and now included
Cash-equivalent investment portion
5%
Cash-equivalent investments typically represent around 5% of each phantom unit’s value
Key Terms
Phantom Stock Unit, Supplemental Savings Plan, cash-equivalent investments, phantom share
4 terms
Phantom Stock Unit financial
"Security reported as "Phantom Stock Unit" linked to common stock"
Supplemental Savings Plan financial
"Acquired pursuant to the Zoetis Supplemental Savings Plan"
cash-equivalent investments financial
"Each phantom stock unit includes a small amount of cash-equivalent investments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Zoetis Inc. (ZTS) report about Abhay U. Nayak's phantom stock holdings?
Zoetis disclosed that Executive Vice President Abhay U. Nayak holds 4,485.9732 Phantom Stock Units linked to Zoetis common stock. These units are part of the Zoetis Supplemental Savings Plan and are designed to track the value of Zoetis shares plus a small cash-equivalent component.
Why was a Form 3/A amendment filed for Zoetis Inc. (ZTS) executive Abhay U. Nayak?
The amendment was filed to include 2,977.2003 Phantom Stock Units that were inadvertently omitted from the original Form 3 due to an administrative error. The corrected total now accurately reflects Nayak’s directly held phantom units in the company plan.
How are Zoetis Inc. (ZTS) phantom stock units under the Supplemental Savings Plan settled?
The phantom stock units are settled in cash after the executive’s separation from service. Their value is determined by reference to the market value of Zoetis common stock plus cash-equivalent investments, rather than delivering actual Zoetis shares.
What does each Phantom Stock Unit represent for Zoetis Inc. (ZTS) executives?
Each Phantom Stock Unit represents a fraction of a phantom share of Zoetis common stock plus a small cash-equivalent investment. The company notes the cash-equivalent investments typically represent around 5% of the total value of each phantom unit.
Are Zoetis Inc. (ZTS) Phantom Stock Units equivalent to owning common stock?
The units are not actual shares but cash-settled instruments whose value tracks Zoetis common stock and cash-equivalent investments. They provide economic exposure rather than direct share ownership and are held within the Zoetis Supplemental Savings Plan.