Zoetis (ZTS) director defers cash fees into 317 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stetter Mark reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. director Mark Stetter reported receiving a grant of 317.6216 phantom stock units tied to Zoetis common stock, based on a value of $78.71 per unit. These units reflect the deferral of his director cash retainer into the Zoetis stock fund and bring his total phantom stock unit balance to 534.0883. Each phantom stock unit is economically equivalent to one Zoetis common share but will be settled in cash after he separates from service, so this filing reflects non-employee director compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stetter Mark
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 317.622 | $78.71 | $25K |
Holdings After Transaction:
Phantom Stock Unit — 534.088 shares (Direct, null)
Footnotes (1)
- These phantom stock units were acquired pursuant to the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan and represent the director's deferral of all or a portion of his or her cash retainer fees invested in the Zoetis stock fund (including dividend equivalents thereon). Each phantom stock unit represents one share of Zoetis Inc. common stock. These phantom stock units will be settled in cash following the reporting person's separation from service.
Key Figures
Phantom stock units granted: 317.6216 units
Unit valuation: $78.71 per unit
Total phantom units after grant: 534.0883 units
+1 more
4 metrics
Phantom stock units granted
317.6216 units
Grant under Non-Employee Director Deferred Compensation Plan on June 18, 2026
Unit valuation
$78.71 per unit
Value used for phantom stock unit grant
Total phantom units after grant
534.0883 units
Director’s phantom stock unit balance following transaction
Conversion ratio
1 unit : 1 share
Each phantom stock unit represents one Zoetis common share economically
Key Terms
Phantom Stock Unit, Amended and Restated Non-Employee Director Deferred Compensation Plan, dividend equivalents, settled in cash
4 terms
Phantom Stock Unit financial
"These phantom stock units were acquired pursuant to the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan"
Amended and Restated Non-Employee Director Deferred Compensation Plan financial
"pursuant to the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan"
dividend equivalents financial
"invested in the Zoetis stock fund (including dividend equivalents thereon)"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
settled in cash financial
"These phantom stock units will be settled in cash following the reporting person's separation from service."
FAQ
What did Zoetis (ZTS) director Mark Stetter report in this Form 4 filing?
Mark Stetter reported receiving 317.6216 phantom stock units as director compensation. These units come from deferring his cash retainer into a Zoetis stock fund and increase his total phantom unit balance to 534.0883.
How were the phantom stock units granted to the Zoetis (ZTS) director valued?
The 317.6216 phantom stock units were valued at $78.71 per unit for accounting purposes. This value reflects investment of the director’s deferred cash retainer fees into a Zoetis stock fund, including associated dividend equivalents.
When will the Zoetis (ZTS) phantom stock units be paid to the director?
The phantom stock units will be settled in cash after the director’s separation from service. Until then, they remain as deferred compensation tracking the value of Zoetis common stock, including dividend equivalents credited under the plan.
Does this Zoetis (ZTS) Form 4 show any open-market stock buying or selling?
No, the filing shows a grant of phantom stock units as deferred director compensation. It does not report any open-market purchases or sales of Zoetis common shares by the director during the reported period.
What plan governs the phantom stock units reported for Zoetis (ZTS)?
The phantom stock units were acquired under the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan. This plan lets non-employee directors defer cash retainers into a Zoetis stock fund with dividend equivalents.