Zoetis EVP Keith Sarbaugh acquires cash-settled award

Q: How many phantom stock units did Keith Sarbaugh acquire at Zoetis (ZTS)?

Keith Sarbaugh acquired 303.4903 Phantom Stock Units on October 9, 2026; the award lists 106.1668 underlying common shares. His reported direct balance after the transaction was 2,668.3214 Phantom Stock Units.

The units are settled in cash following separation from service and may be transferred to an alternative investment fund, subject to Zoetis limits.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Zoetis Inc. Executive Vice President Keith Sarbaugh acquired 303.4903 Phantom Stock Units on October 9, 2026; the award lists 106.1668 underlying common shares. His reported direct balance after the transaction was 2,668.3214 Phantom Stock Units. Acquired under the Zoetis Supplemental Savings Plan, the units are settled in cash following separation from service. Each unit represents a fraction of a phantom share plus cash-equivalent investments, which typically represent around 5% of the unit’s total value.

Insider Trade Summary

Grant/Award: 303.4903 shares

Grant/Award 1 txn

Insider Sarbaugh Keith

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Unit ^{F1, F2}	303.4903	$26.17	$8K

Holdings After Transaction: Phantom Stock Unit — 2,668.3214 contracts (Direct)

Footnotes (2)

F1. 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.
F2. 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 acquired: 303.4903 Phantom Stock Units Underlying common shares: 106.1668 shares Direct Phantom Stock Units after transaction: 2,668.3214 Phantom Stock Units +1 more

4 metrics

Phantom Stock Units acquired 303.4903 Phantom Stock Units October 9, 2026

Underlying common shares 106.1668 shares Underlying security for the reported award

Direct Phantom Stock Units after transaction 2,668.3214 Phantom Stock Units Reported following the October 9, 2026 transaction

Cash-equivalent investments Around 5% of the total value Typical share of each Phantom Stock Unit’s value

Key Terms

Phantom Stock Unit, cash-equivalent investments, separation from service, alternative investment fund

4 terms

Phantom Stock Unit financial

"These phantom stock units"

cash-equivalent investments financial

"a small amount of cash-equivalent investments"

separation from service financial

"following the reporting person's separation from service"

alternative investment fund financial

"transferred by the reporting person into an alternative investment fund"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many phantom stock units did Keith Sarbaugh acquire at Zoetis (ZTS)?

Keith Sarbaugh acquired 303.4903 Phantom Stock Units on October 9, 2026; the award lists 106.1668 underlying common shares. His reported direct balance after the transaction was 2,668.3214 Phantom Stock Units.

How are Zoetis (ZTS) phantom stock units settled and transferred?

The units are settled in cash following Sarbaugh’s separation from service. He may transfer them into an alternative investment fund at any time, while Zoetis may limit the timing, frequency, and permissibility of transfers between investment funds.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 10/13/2026 - 09:14 PM EDT Accepted by SEC EDGAR 10/13/2026 - 09:13 PM EDT

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)
10/09/2026

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⁾	10/09/2026		A		303.4903		⁽¹⁾	⁽¹⁾	Common Stock	106.1668	$26.17	2,668.3214	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	10/13/2026
	** 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