Zoetis (ZTS) EVP receives new phantom stock unit award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ferran Astorga Jeannette reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. Executive Vice President Ferran Astorga Jeannette received a grant of 4.997 phantom stock units on April 10, 2026. The award was made under the Zoetis Supplemental Savings Plan and increases the executive’s total phantom stock unit holdings to 2,250.8297 units.
These phantom stock units are cash-settled after the executive separates from service and may be reallocated among investment funds within plan limits. Each unit’s value is tied to the market value of Zoetis common stock plus a small cash-equivalent investment component that typically represents around 5% of the total value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ferran Astorga Jeannette
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 4.997 | $39.64 | $198.08 |
Holdings After Transaction:
Phantom Stock Unit — 2,250.83 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 stock units granted: 4.9970 units
Price per phantom stock unit: $39.6400 per unit
Total phantom stock units held: 2,250.8297 units
+1 more
4 metrics
Phantom stock units granted
4.9970 units
Award to Executive Vice President on April 10, 2026
Price per phantom stock unit
$39.6400 per unit
Transactional value assigned to granted phantom stock units
Total phantom stock units held
2,250.8297 units
Phantom stock unit balance following the reported grant
Underlying common stock amount
1.6806 shares
Underlying Zoetis common stock associated with this derivative entry
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
"plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5% of the total value"
FAQ
What insider transaction did Zoetis (ZTS) report for Ferran Astorga Jeannette?
Zoetis reported that Executive Vice President Ferran Astorga Jeannette received a grant of 4.997 phantom stock units. The award was made under the Zoetis Supplemental Savings Plan and represents compensation rather than an open-market stock purchase or sale.
What are Zoetis (ZTS) phantom stock units in this Form 4 filing?
The phantom stock units represent a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments. Their value is determined by the market value of Zoetis stock and the cash-equivalents, with cash-equivalents typically around 5% of each unit’s total value.
How and when are Zoetis (ZTS) phantom stock units settled for the executive?
These phantom stock units are settled in cash after the executive’s separation from service. They do not involve issuing Zoetis shares; instead, the cash value is based on Zoetis common stock performance and the associated cash-equivalent investments at settlement.
Can the Zoetis (ZTS) executive move phantom stock units between investment options?
Yes. The filing states the executive may transfer phantom stock units into an alternative investment fund at any time. However, Zoetis may limit the timing, frequency and permissibility of transfers among investment funds under the Supplemental Savings Plan.
How many Zoetis (ZTS) phantom stock units does the executive hold after this transaction?
Following the grant of 4.997 phantom stock units, the executive holds a total of 2,250.8297 phantom stock units. These units remain plan-based, cash-settled compensation that reference Zoetis common stock value rather than representing actual shares outstanding.
What underlying security is referenced by the Zoetis (ZTS) phantom stock units granted?
The phantom stock units are linked to Zoetis common stock as the underlying security. For this transaction, the derivative record shows an underlying amount of 1.6806 shares of common stock associated with the granted phantom stock units under the plan structure.