Zoetis (NYSE: ZTS) director details RSU vesting, share disposition and holdings
Rhea-AI Filing Summary
Zoetis Inc. director Gregory Norden reported equity award activity involving restricted stock units (RSUs) and common shares. He exercised or converted 1,619.3325 RSUs, resulting in the acquisition of 1,619 common shares of Zoetis stock at a stated price of $0.00 per share, reflecting settlement of equity awards rather than an open-market purchase.
As part of the same event, 406 common shares were disposed of back to Zoetis in exchange for cash based on the closing share price of $127.28 per share on the vesting date, typically to cover obligations such as taxes. After these transactions, Norden directly held 1,213 common shares and 1,936 RSUs, and also had indirect ownership through a personal trust and separate trusts for his daughter and son, which together hold several thousand additional Zoetis common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,619.333 | $0.00 | -- |
| Exercise | Common Stock | 1,619 | $0.00 | -- |
| Other | Common Stock | 406 | $127.28 | $52K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Acquisition of common stock upon vesting and settlement of restricted stock units (RSUs). Each RSU represents a right to receive one share of Zoetis Inc. common stock upon vesting of the RSU. Disposition of shares to the Company in exchange for cash based on the closing share price of Zoetis Inc. common stock as of the vesting date. Represents restricted stock units granted pursuant to the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an "RSU" and collectively, "RSUs"). Each restricted stock unit represents a contingent right to receive one share of Zoetis Inc. common stock. Each RSU vests and is settled in shares of Zoetis Inc. common stock on the first anniversary of the date of grant, February 19, 2025. Not applicable. Each RSU will vest and be settled in shares of Zoetis Inc. common stock on the first anniversary of the date of grant, February 18, 2026; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
