Zoetis (NYSE: ZTS) CEO granted 2,776 phantom stock units in savings plan
Rhea-AI Filing Summary
Zoetis Inc. reported that Chief Executive Officer Kristin C. Peck received a grant of 2,776.7700 phantom stock units on Zoetis common stock, valued at $39.6400 per unit. These units were acquired under the Zoetis Supplemental Savings Plan as a compensation-related award.
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 value. The units are settled in cash after her separation from service, and their value is tied to Zoetis’s share price and the associated cash-equivalent investments.
Following this grant, Peck holds a total of 65,578.8067 phantom stock units directly under the plan. The filing does not reflect an open-market stock purchase or sale, but rather a non-market, cash-settled compensation award linked to Zoetis’s stock performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 2,776.77 | $39.64 | $110K |
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.