Zoetis EVP receives phantom stock unit grant

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

Accepted by SEC EDGAR 03/31/2026 - 04:46 PM EDT Learn about SEC filing dates

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 219.9529 phantom stock units on Zoetis common stock. The award, valued using a reference price of $38.20 per unit, increased his holdings to 496.9909 phantom stock units, representing an economic interest tied to Zoetis shares.

Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments, which typically account for around 5% of the unit’s total value. These units are settled in cash after Esch’s separation from service, with 74.1262 underlying common shares linked to this particular grant.

Insider Trade Summary

Grant/Award: 219.9529 shares

Grant/Award 1 txn

Insider Esch Kevin

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Unit	219.9529	$38.20	$8K

Holdings After Transaction: Phantom Stock Unit — 496.9909 contracts (Direct)

Footnotes (2)

1. 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.
2. 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 granted: 219.9529 units Reference value per unit: $38.20 per unit Total phantom units after grant: 496.9909 units +2 more

5 metrics

Phantom stock units granted 219.9529 units Grant on 2026-03-27

Reference value per unit $38.20 per unit Phantom stock unit grant

Total phantom units after grant 496.9909 units Holdings following transaction

Underlying common shares 74.1262 shares Tied to granted phantom units

Cash-equivalent portion around 5% of value Portion of each phantom stock unit

Key Terms

Phantom Stock Unit, Zoetis Supplemental Savings Plan, cash-equivalent investments, phantom share

4 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"

phantom share financial

"Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock"

FAQ

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

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

Kevin Esch reported receiving 219.9529 phantom stock units tied to Zoetis common stock. The grant increased his total phantom stock unit holdings to 496.9909, providing cash-settled, stock-linked compensation rather than direct ownership of Zoetis shares.

What is a phantom stock unit in the Zoetis (ZTS) compensation structure?

A phantom stock unit is a cash-settled award whose value tracks Zoetis common stock. Each unit represents a fraction of a phantom share plus cash-equivalent investments, which typically account for around 5% of the unit’s total value, aligning pay with stock performance.

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

Esch’s phantom stock units are settled in cash after his separation from service with Zoetis. Until then, their value fluctuates with Zoetis common stock and associated cash-equivalent investments, providing deferred, performance-linked compensation instead of immediate share delivery.

What is the reference value of the Zoetis (ZTS) phantom stock units granted to Kevin Esch?

The 219.9529 phantom stock units granted to Esch used a reference value of $38.20 per unit. This reference helps determine the initial value of the award, which then varies with Zoetis common stock and related cash-equivalent investments over time.

How many phantom stock units and underlying shares does Kevin Esch hold after this Zoetis (ZTS) transaction?

After the grant, Esch holds 496.9909 phantom stock units in total. The reported grant corresponds to 74.1262 underlying shares of Zoetis common stock, giving him cash-settled exposure to the company’s equity value rather than direct share ownership.

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

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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)
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		219.9529		(1)	(1)	Common Stock	74.1262	$38.2	496.9909	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)