Zoetis (ZTS) EVP Keith Sarbaugh receives new phantom stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zoetis Inc. Executive Vice President Keith Sarbaugh received a grant of phantom stock units as compensation. On this date, he acquired 230.7598 phantom stock units at a reference value of $39.64 per unit, bringing his total phantom stock unit balance to 2105.1927. Each phantom stock unit tracks the value of Zoetis common stock plus a small portion of cash-equivalent investments, and will be settled in cash after his separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sarbaugh Keith
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 230.76 | $39.64 | $9K |
Holdings After Transaction:
Phantom Stock Unit — 2,105.193 shares (Direct)
Footnotes (1)
- 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. 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 granted: 230.7598 units
Reference value per unit: $39.64 per unit
Total phantom units after grant: 2105.1927 units
+2 more
5 metrics
Phantom stock units granted
230.7598 units
Award under Zoetis Supplemental Savings Plan on April 10, 2026
Reference value per unit
$39.64 per unit
Credit price used for the phantom stock unit grant
Total phantom units after grant
2105.1927 units
Keith Sarbaugh’s phantom stock unit balance following the transaction
Underlying common stock equivalent
77.6117 shares
Underlying Zoetis common stock associated with the phantom stock unit grant
Cash-equivalent component
≈5% of unit value
Typical portion of each phantom stock unit in cash-equivalent investments
Key Terms
Phantom Stock Unit, Zoetis Supplemental Savings Plan, cash-equivalent investments
3 terms
Phantom Stock Unit financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan..."
Zoetis Supplemental Savings Plan financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan..."
cash-equivalent investments financial
"plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5%..."
FAQ
What insider transaction did Zoetis (ZTS) report for Keith Sarbaugh?
Zoetis reported that Executive Vice President Keith Sarbaugh received a grant of 230.7598 phantom stock units. These units are part of a compensation plan and track the value of Zoetis common stock plus a small cash-equivalent component.
How many phantom stock units does Keith Sarbaugh hold after this Zoetis (ZTS) grant?
After the grant, Keith Sarbaugh holds a total of 2105.1927 phantom stock units. This figure reflects his updated balance in the Zoetis Supplemental Savings Plan following the April 10, 2026 award.
At what value were the new Zoetis (ZTS) phantom stock units credited to Keith Sarbaugh?
The 230.7598 phantom stock units were credited at a reference value of $39.64 per unit. The actual value of each unit varies with Zoetis common stock and associated cash-equivalent investments.
What does a phantom stock unit represent for Zoetis (ZTS) executives?
Each Zoetis phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments. The unit’s value is determined by Zoetis’ market price and the value of those cash-equivalent investments.
How and when are Zoetis (ZTS) phantom stock units for Keith Sarbaugh settled?
Zoetis phantom stock units are settled in cash after Keith Sarbaugh separates from service. The payout amount will be based on the then-current value of Zoetis common stock and related cash-equivalent investments in the plan.
Can Keith Sarbaugh move his Zoetis (ZTS) phantom stock units into other investments?
He may transfer phantom stock units into an alternative investment fund within the Zoetis Supplemental Savings Plan. However, Zoetis may limit the timing, frequency, and permissibility of such transfers at any time.