Zoetis EVP granted new phantom stock units
Driscoll Rimma reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 641.744 | $38.20 | $25K |
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
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Zoetis (ZTS) Executive Vice President Rimma Driscoll report on this Form 4?
How do the phantom stock units granted to Zoetis (ZTS) EVP Rimma Driscoll work?
When will Rimma Driscoll’s Zoetis (ZTS) phantom stock units be paid out?
How many phantom stock units in total does Zoetis (ZTS) EVP Rimma Driscoll hold after this grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.