Zoetis EVP granted 593 Phantom Stock Units
Zoetis Inc. Executive Vice President Ferran Astorga Jeannette received a grant of 593.1735 Phantom Stock Units on Zoetis common stock, valued at $38.20 per unit.
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Rhea-AI Filing Summary
Zoetis Inc. Executive Vice President Ferran Astorga Jeannette received a grant of 593.1735 Phantom Stock Units on Zoetis common stock, valued at $38.20 per unit. Each unit represents a fraction of a phantom share plus cash-equivalent investments, referencing Zoetis’ market value.
The grant corresponds to 199.9050 underlying shares of common stock, bringing the executive’s total Phantom Stock Units to 2,245.8327. These units, acquired under the Zoetis Supplemental Savings Plan, are cash-settled after separation from service and may be reallocated among investment funds subject to Zoetis’ transfer limits.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 593.1735 | $38.20 | $23K |
Footnotes (2)
- 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. 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
Key Terms
Phantom Stock Unit financial
Zoetis Supplemental Savings Plan financial
cash-equivalent investments financial
separation from service financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Zoetis (ZTS) Executive Vice President Ferran Astorga receive in this Form 4?
How are Zoetis (ZTS) Phantom Stock Units from this filing valued?
When are the Zoetis (ZTS) Phantom Stock Units settled for Ferran Astorga?
Does the Zoetis (ZTS) Form 4 involve actual common stock or only phantom units?
AI-generated analysis. How Rhea-AI works. Not financial advice.