Zoetis (ZTS) EVP Rimma Driscoll receives new phantom stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Driscoll Rimma reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. Executive Vice President Rimma Driscoll received a grant of 26.1975 phantom stock units on April 10, 2026 under the Zoetis Supplemental Savings Plan. This compensation award increases her total phantom stock unit balance to 6,035.7462 units, whose value is tied to Zoetis common stock plus a small cash-equivalent component.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Driscoll Rimma
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 26.198 | $39.64 | $1K |
Holdings After Transaction:
Phantom Stock Unit — 6,035.746 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 units granted: 26.1975 units
Reference price per unit: $39.6400
Total phantom units after grant: 6,035.7462 units
+2 more
5 metrics
Phantom units granted
26.1975 units
Grant on April 10, 2026 to Executive Vice President
Reference price per unit
$39.6400
Price per phantom stock unit for this grant
Total phantom units after grant
6,035.7462 units
Balance following the reported acquisition
Underlying common stock equivalent
8.8110 shares
Underlying Zoetis common stock for this phantom grant
Conversion or exercise price
$0.0000
Conversion/exercise price of phantom stock unit
Key Terms
phantom stock units, Zoetis Supplemental Savings Plan, cash-equivalent investments, separation from service
4 terms
phantom stock units financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
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"
separation from service financial
"are settled in cash following the reporting person's separation from service and may be transferred"