Zoetis (ZTS) EVP awarded phantom stock units tied to share value

Rhea-AI Filing Summary

Zoetis Inc. Executive Vice President Keith Sarbaugh received a grant of 626.6723 phantom stock units on Zoetis common stock. Each phantom stock unit was valued at $38.20 and corresponds to 211.1944 underlying shares of common stock. Following this grant, his phantom stock unit balance is 1,874.4329 units. These units were acquired under the Zoetis Supplemental Savings Plan and are settled in cash after his separation from service, with value tied to Zoetis’ share price and a small portion in cash-equivalent investments.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sarbaugh Keith

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Unit	626.672	$38.20	$24K

Holdings After Transaction: Phantom Stock Unit — 1,874.433 shares (Direct)

Footnotes (1)

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: 626.6723 units Reference value per phantom unit: $38.20 per unit Underlying common shares: 211.1944 shares +2 more

5 metrics

Phantom stock units granted 626.6723 units Grant on March 27, 2026 under Zoetis Supplemental Savings Plan

Reference value per phantom unit $38.20 per unit Value used for the March 27, 2026 phantom stock unit grant

Underlying common shares 211.1944 shares Shares of Zoetis common stock referenced by granted phantom units

Total phantom units after grant 1,874.4329 units Keith Sarbaugh’s phantom stock unit balance following the transaction

Cash-equivalent component around 5% of value Typical portion of each phantom stock unit in cash-equivalent investments

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..."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sarbaugh Keith

(Last) (First) (Middle)

C/O ZOETIS INC.

10 SYLVAN WAY

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Zoetis Inc. [ ZTS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock Unit(1)	(2)	03/27/2026		A		626.6723		(1)	(1)	Common Stock	211.1944	$38.2	1,874.4329	D

Explanation of Responses:

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.

2. 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.

Remarks:

	/s/ Brenda Santuccio, as Attorney-in-Fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Zoetis (ZTS) Executive Vice President Keith Sarbaugh report on this Form 4?

Keith Sarbaugh reported receiving 626.6723 phantom stock units linked to Zoetis common stock. The award increases his phantom stock unit holdings to 1,874.4329 units under the Zoetis Supplemental Savings Plan.

What are phantom stock units in the Zoetis (ZTS) Form 4 for Keith Sarbaugh?

Phantom stock units are bookkeeping entries whose value tracks Zoetis common stock plus a small cash-equivalent component. They do not deliver actual shares but are paid in cash based on the referenced market value.

How many underlying Zoetis (ZTS) common shares are tied to Keith Sarbaugh’s new phantom units?

The 626.6723 phantom stock units granted to Keith Sarbaugh correspond to 211.1944 underlying shares of Zoetis common stock. The value of the phantom units is determined by reference to the market value of these shares.

When will Keith Sarbaugh’s Zoetis (ZTS) phantom stock units be paid out?

These phantom stock units will be settled in cash after Keith Sarbaugh’s separation from service. They are part of the Zoetis Supplemental Savings Plan and are designed as a deferred, cash-settled compensation vehicle.

Can Zoetis (ZTS) phantom stock units be moved into other investments?

Yes. Keith Sarbaugh may transfer phantom stock units into an alternative investment fund at any time. However, Zoetis may limit the timing, frequency and permissibility of such transfers between investment funds.

How is the value of Zoetis (ZTS) phantom stock units calculated for Keith Sarbaugh?

Each phantom stock unit represents a fraction of a phantom Zoetis share plus cash-equivalent investments, typically about 5% of total value. The overall unit value is based on Zoetis’ share price and those cash-equivalent holdings.