Zoetis (ZTS) EVP Nicholas Ashton reports RSU vesting and tax-share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zoetis Inc. Executive Vice President Nicholas Ashton reported equity award activity involving restricted stock units (RSUs) and common shares. On February 19, he acquired 750 shares of Zoetis common stock at $0.0000 per share through the exercise and settlement of RSUs, with 2,214 common shares held directly after this step.
On the same date, 392 common shares at $127.2800 per share were disposed of to satisfy tax withholding obligations related to the vesting event, leaving 1,822 common shares held directly. Footnotes explain that each RSU converts into one Zoetis common share and vests in three annual installments following the original grant dates, subject to continued service and certain specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
750.426 shares exercised/converted
Mixed
5 txns
Insider
Ashton Nicholas
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 750.426 | $0.00 | -- |
| Exercise | Common Stock | 750 | $0.00 | -- |
| Tax Withholding | Common Stock | 392 | $127.28 | $50K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 1,500 shares (Direct);
Common Stock — 2,214 shares (Direct)
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. 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 RSU represents a contingent right to receive one share of Zoetis Inc. common stock. One-third of each RSU vests and is settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries of the date of grant, February 19, 2025; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events. Not applicable. One-third of each RSU will vest and be settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries 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. One-third of each RSU vests and is settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries of the date of grant, February 6, 2024; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
FAQ
What insider transactions did Zoetis (ZTS) Executive Vice President Nicholas Ashton report?
Nicholas Ashton reported RSU-related activity, acquiring 750 Zoetis common shares via RSU settlement and disposing of 392 shares to cover tax withholding. These transactions reflect equity compensation vesting rather than an open-market stock purchase or sale.
What type of equity awards are involved in Nicholas Ashton’s Zoetis (ZTS) Form 4 filing?
The filing involves restricted stock units (RSUs) granted under the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan. Each RSU represents a contingent right to receive one Zoetis common share upon vesting and settlement, plus related dividend-equivalent units.
How do Nicholas Ashton’s Zoetis (ZTS) RSUs vest according to the Form 4 footnotes?
The RSUs vest in three equal annual installments. One-third vests and is settled in Zoetis common shares on each of the first, second, and third anniversaries of the grant date, subject to continued service and certain earlier-vesting events specified in the award terms.
What prices are associated with Nicholas Ashton’s Zoetis (ZTS) Form 4 transactions?
The RSU settlement into 750 Zoetis common shares is reported at a transaction price of $0.0000 per share, reflecting award settlement. The 392 shares disposed to cover tax withholding are reported at a transaction price of $127.2800 per share.