Zoetis Inc. (NYSE: ZTS) CFO awarded cash-settled phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joseph Wetteny reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. Chief Financial Officer Joseph Wetteny reported a compensation-related award of 363.0526 phantom stock units under the Zoetis Supplemental Savings Plan on July 10, 2026, at a reference value of $26.2200 per unit. These units are settled in cash after separation from service and their value is tied to Zoetis common stock plus cash-equivalent investments, which typically represent around 5% of each unit’s value. Following this credit, Wetteny holds 10,155.3554 phantom stock units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joseph Wetteny
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 363.053 | $26.22 | $10K |
Holdings After Transaction:
Phantom Stock Unit — 10,155.355 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: 363.0526 units
Reference value per phantom unit: $26.2200
Total phantom units after grant: 10155.3554 units
+2 more
5 metrics
Phantom stock units granted
363.0526 units
Awarded to CFO Joseph Wetteny on 2026-07-10 under the Zoetis Supplemental Savings Plan
Reference value per phantom unit
$26.2200
Value per phantom stock unit for this grant
Total phantom units after grant
10155.3554 units
Direct phantom stock unit balance for the CFO following the award
Underlying common stock equivalent
125.9825 shares
Underlying Zoetis common stock associated with this phantom unit award
Cash-equivalent portion of each unit
around 5% of value
Typical share of cash-equivalent investments in each phantom stock unit
Key Terms
Phantom Stock Unit, Zoetis Supplemental Savings Plan, cash-equivalent investments, separation from service
4 terms
Phantom Stock Unit financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan"
Zoetis Supplemental Savings Plan financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan"
cash-equivalent investments financial
"plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5%)"
separation from service financial
"are settled in cash following the reporting person's separation from service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Zoetis (ZTS) CFO Joseph Wetteny report?
Joseph Wetteny reported a grant of 363.0526 phantom stock units under the Zoetis Supplemental Savings Plan. These are cash-settled derivative units whose value is tied to Zoetis common stock and cash-equivalent investments, rather than an open-market stock purchase or sale.
How many phantom stock units did the Zoetis (ZTS) CFO receive and at what value?
The CFO received 363.0526 phantom stock units credited at a reference value of $26.2200 per unit. Each unit represents a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments that typically make up around 5% of the unit’s total value.
What is a phantom stock unit in the Zoetis (ZTS) Supplemental Savings Plan?
Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus associated cash-equivalent investments. The total value of a unit is determined by Zoetis’ market price and the value of those cash-equivalent investments, and the units are ultimately settled in cash.
When and how are the Zoetis (ZTS) CFO’s phantom stock units settled?
The phantom stock units are settled in cash after Joseph Wetteny’s separation from service with Zoetis. Until then, he may transfer balances into alternative investment funds, subject to Zoetis’ ability to limit the timing, frequency and permissibility of such transfers between funds.
What is Joseph Wetteny’s total phantom stock unit balance at Zoetis (ZTS) after this award?
Following the July 10, 2026 award, Joseph Wetteny holds 10,155.3554 phantom stock units directly. These units are part of the Zoetis Supplemental Savings Plan and provide cash-settled value linked to Zoetis stock performance and related cash-equivalent investments.
Do Zoetis (ZTS) phantom stock units include cash-equivalent investments?
Yes. Each phantom stock unit includes a small allocation to cash-equivalent investments, which typically represent around 5% of the unit’s total value. The remainder tracks the market value of Zoetis common stock, together determining the cash amount payable upon settlement.