Zoetis EVP awarded phantom stock units

Zoetis Inc. Executive Vice President Keith Sarbaugh received a grant of phantom stock units as compensation.

Accepted by SEC EDGAR 04/13/2026 - 06:02 PM EDT Learn about SEC filing dates

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.

Insider Trade Summary

Grant/Award: 230.7598 shares

Grant/Award 1 txn

Insider Sarbaugh Keith

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Unit	230.7598	$39.64	$9K

Holdings After Transaction: Phantom Stock Unit — 2,105.1927 units (Direct)

Footnotes (2)

1. 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.
2. 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

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sarbaugh Keith

(Last) (First) (Middle)

C/O ZOETIS INC.

10 SYLVAN WAY

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zoetis Inc. [ ZTS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Unit(1)	(2)	04/10/2026		A		230.7598		(1)	(1)	Common Stock	77.6117	$39.64	2,105.1927	D

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Brenda Santuccio, as Attorney-in-Fact	04/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)