Zoetis (NYSE: ZTS) EVP receives cash-settled phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Driscoll Rimma reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. Executive Vice President Rimma Driscoll received a grant of 641.7440 phantom stock units on Zoetis common stock at a reference value of $38.2000 per unit. Following this award, she holds a total of 6009.5487 phantom stock units.
Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments, which typically make up around 5% of the unit’s total value. These units are settled in cash after her separation from service and may be reallocated among plan investment funds subject to Zoetis’ transfer rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Driscoll Rimma
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 641.744 | $38.20 | $25K |
Holdings After Transaction:
Phantom Stock Unit — 6,009.549 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 units granted: 641.7440 units
Reference value per unit: $38.2000 per unit
Total phantom units after grant: 6009.5487 units
+2 more
5 metrics
Phantom units granted
641.7440 units
Phantom stock unit grant on 2026-03-27
Reference value per unit
$38.2000 per unit
Transaction price per phantom stock unit
Total phantom units after grant
6009.5487 units
Holdings following reported transaction
Underlying common stock equivalent
216.2737 shares
Underlying Zoetis common stock for this derivative award
Cash-equivalent component
around 5% of value
Typical share of cash-equivalent investments in each unit
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, are settled in cash..."
Zoetis Supplemental Savings Plan financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash..."
cash-equivalent investments financial
"Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments..."
FAQ
What did Zoetis (ZTS) Executive Vice President Rimma Driscoll report on this Form 4?
Rimma Driscoll reported receiving 641.7440 phantom stock units linked to Zoetis common stock. This is a compensation-related grant under the Zoetis Supplemental Savings Plan, increasing her total phantom stock unit holdings to 6009.5487 units, all settled in cash rather than actual share delivery.
How do the phantom stock units granted to Zoetis (ZTS) EVP Rimma Driscoll work?
Each phantom stock unit reflects the market value of Zoetis common stock plus cash-equivalent investments. The cash-equivalent component typically represents around 5% of each unit’s total value, so overall value moves with Zoetis’ share price and the performance of those cash-equivalent holdings.
When will Rimma Driscoll’s Zoetis (ZTS) phantom stock units be paid out?
The phantom stock units are designed to be settled in cash after Rimma Driscoll’s separation from service. Until then, they remain as bookkeeping entries under the Zoetis Supplemental Savings Plan and track the value of Zoetis stock and related cash-equivalent investments over time.
How many phantom stock units in total does Zoetis (ZTS) EVP Rimma Driscoll hold after this grant?
After this compensation grant, Rimma Driscoll beneficially holds 6009.5487 phantom stock units. That total includes the newly awarded 641.7440 units and will change in value over time based on Zoetis’ share price and associated cash-equivalent investment performance.