Zoetis Inc. (NYSE: ZTS) awards 259 phantom stock units to its EVP
Rhea-AI Filing Summary
Sarbaugh Keith reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. Executive Vice President Keith Sarbaugh received a grant of 259.6384 phantom stock units on July 10, 2026 under the Zoetis Supplemental Savings Plan. These cash-settled units track the value of Zoetis common stock and increase his total phantom stock holdings to 2364.8311 units.
Positive
- None.
Negative
- None.
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 | 259.638 | $26.22 | $7K |
Holdings After Transaction:
Phantom Stock Unit — 2,364.831 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: 259.6384 units
Reference value per phantom unit: $26.2200
Total phantom stock units after grant: 2364.8311 units
+2 more
5 metrics
Phantom stock units granted
259.6384 units
Grant on 2026-07-10 to Executive Vice President Keith Sarbaugh
Reference value per phantom unit
$26.2200
Transaction price per phantom stock unit on 2026-07-10
Total phantom stock units after grant
2364.8311 units
Direct phantom stock unit holdings after the reported transaction
Underlying common stock equivalent
90.0969 shares
Underlying Zoetis common stock associated with the phantom stock units
Cash-equivalent component
around 5%
Typical share of each phantom stock unit held as cash-equivalent investments
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"
Zoetis Supplemental Savings Plan financial
"which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled"
cash-equivalent investments financial
"plus a small amount of cash-equivalent investments (the cash-equivalent investments"
separation from service financial
"are settled in cash following the reporting person's separation from service and may"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Zoetis (ZTS) report for Keith Sarbaugh?
Zoetis reported that Executive Vice President Keith Sarbaugh received a grant of 259.6384 phantom stock units on July 10, 2026 under the Zoetis Supplemental Savings Plan, increasing his total phantom stock unit holdings to 2364.8311 units.
What are the key details of the phantom stock unit grant at Zoetis (ZTS)?
Keith Sarbaugh was granted 259.6384 phantom stock units with a reference value of $26.2200 per unit. The grant is part of the Zoetis Supplemental Savings Plan and is classified as a grant, award, or other acquisition of derivative securities.
How do Zoetis (ZTS) phantom stock units work for Keith Sarbaugh?
Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus about 5% cash-equivalent investments. The units are settled in cash after Keith Sarbaugh’s separation from service, with value tied to Zoetis’ stock and the cash-equivalent investments.
Does the Zoetis (ZTS) Form 4 show an open-market trade by Keith Sarbaugh?
No. The Form 4 reports a compensation-related grant of phantom stock units, not an open-market buy or sale of common stock. The transaction is categorized as a derivative grant/award acquisition under the Zoetis Supplemental Savings Plan and is settled in cash.
What is Keith Sarbaugh’s phantom stock balance at Zoetis (ZTS) after this grant?
Following the reported transaction, Keith Sarbaugh holds 2364.8311 phantom stock units directly. These plan units are cash-settled and their value is determined with reference to Zoetis common stock and associated cash-equivalent investments within the Supplemental Savings Plan.