STOCK TITAN

Zoetis (NYSE: ZTS) EVP receives cash-settled phantom stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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 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)
  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.
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
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..."
SEC Form 4
FORM 4UNITED 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*
Driscoll Rimma

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Executive Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Unit(1)(2)03/27/2026A641.744 (1) (1)Common Stock216.2737$38.26,009.5487D
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-Fact03/31/2026
** Signature of Reporting PersonDate
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)

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.

Does the Zoetis (ZTS) Form 4 for Rimma Driscoll involve open-market buying or selling of shares?

No, the Form 4 reflects a grant of phantom stock units, not open-market trades. The award is a compensation-related acquisition with no direct share purchase or sale, and the units will eventually be settled in cash rather than delivering Zoetis common stock.

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.