Zoetis (ZTS) EVP Kevin Esch receives cash-settled phantom stock grant

Q: What transaction did Zoetis (ZTS) Executive Vice President Kevin Esch report on this Form 4?

Kevin Esch reported a grant of 308.0457 phantom stock units on July 10, 2026 at a reference value of $26.2200 per unit. The award was made under the Zoetis Supplemental Savings Plan and increased his total phantom stock unit holdings to 806.4312 units .

Q: How and when are Zoetis (ZTS) phantom stock units for Kevin Esch settled?

The phantom stock units are settled in cash following Kevin Esch’s separation from service . Their cash value at settlement is determined by reference to the market value of Zoetis common stock together with the value of the associated cash-equivalent investments held in the units.

Q: Can Kevin Esch reallocate his Zoetis (ZTS) phantom stock units to other investment options?

Yes. The units, acquired under the Zoetis Supplemental Savings Plan , may be transferred by Kevin Esch into an alternative investment fund at any time . However, Zoetis may limit the timing, frequency and permissibility of transfers between investment funds under the plan.

Q: Does this Zoetis (ZTS) Form 4 show open-market trading of common stock by Kevin Esch?

No. The Form 4 reports a grant/award acquisition (transaction code A) of phantom stock units under the Zoetis Supplemental Savings Plan. The units are cash-settled and reference Zoetis common stock , rather than reflecting an open-market purchase or sale of actual shares.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Esch Kevin reported acquisition or exercise transactions in this Form 4 filing.

Zoetis Inc. Executive Vice President Kevin Esch received a grant of 308.0457 phantom stock units on July 10, 2026 under the Zoetis Supplemental Savings Plan at a reference value of $26.2200 per unit. These cash-settled units track the value of Zoetis common stock plus a small cash-equivalent component, and Esch now holds 806.4312 phantom stock units in total, representing an interest tied to 106.8946 underlying shares of Zoetis common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Esch Kevin

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Unit	308.046	$26.22	$8K

Holdings After Transaction: Phantom Stock Unit — 806.431 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: 308.0457 phantom stock units Reference value per phantom stock unit: $26.2200 per unit Total phantom stock units after grant: 806.4312 phantom stock units +1 more

4 metrics

Phantom stock units granted 308.0457 phantom stock units Grant on July 10, 2026 under Zoetis Supplemental Savings Plan

Reference value per phantom stock unit $26.2200 per unit Grant/award acquisition value for new phantom stock units

Total phantom stock units after grant 806.4312 phantom stock units Holdings following the reported transaction

Underlying Zoetis common shares 106.8946 shares Shares of Zoetis common stock referenced by the phantom stock units

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"

Zoetis Supplemental Savings Plan financial

"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%"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/14/2026 - 05:48 PM Accepted by SEC EDGAR 07/14/2026 - 05:47 PM

FAQ

What transaction did Zoetis (ZTS) Executive Vice President Kevin Esch report on this Form 4?

Kevin Esch reported a grant of 308.0457 phantom stock units on July 10, 2026 at a reference value of $26.2200 per unit. The award was made under the Zoetis Supplemental Savings Plan and increased his total phantom stock unit holdings to 806.4312 units.

What is a phantom stock unit as described in the Zoetis (ZTS) Form 4 filing?

Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments. The cash-equivalent investments typically represent around 5% of the total value, and each unit’s value is determined by Zoetis’ market price and those cash-equivalent holdings.

How and when are Zoetis (ZTS) phantom stock units for Kevin Esch settled?

The phantom stock units are settled in cash following Kevin Esch’s separation from service. Their cash value at settlement is determined by reference to the market value of Zoetis common stock together with the value of the associated cash-equivalent investments held in the units.

Can Kevin Esch reallocate his Zoetis (ZTS) phantom stock units to other investment options?

Yes. The units, acquired under the Zoetis Supplemental Savings Plan, may be transferred by Kevin Esch into an alternative investment fund at any time. However, Zoetis may limit the timing, frequency and permissibility of transfers between investment funds under the plan.

Does this Zoetis (ZTS) Form 4 show open-market trading of common stock by Kevin Esch?

No. The Form 4 reports a grant/award acquisition (transaction code A) of phantom stock units under the Zoetis Supplemental Savings Plan. The units are cash-settled and reference Zoetis common stock, rather than reflecting an open-market purchase or sale of actual shares.

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^*

Esch Kevin

(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)
07/10/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Unit⁽¹⁾	⁽²⁾	07/10/2026		A		308.0457		⁽¹⁾	⁽¹⁾	Common Stock	106.8946	$26.22	806.4312	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	07/14/2026
	** 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)

Source: View Original Filing on SEC EDGAR