Zoetis (NYSE: ZTS) CFO receives cash-settled phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joseph Wetteny reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. reported that Chief Financial Officer Joseph Wetteny received a grant of 873.9476 phantom stock units on April 10, 2026 under the Zoetis Supplemental Savings Plan. Each unit’s value is tied to Zoetis common stock plus a small cash-equivalent component.
The units are cash-settled after his separation from service rather than delivering actual shares. Following this award, Wetteny holds a total of 9,792.3028 phantom stock units, notionally referencing 293.9359 shares of Zoetis common stock. This filing reflects routine compensation, not an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joseph Wetteny
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 873.948 | $39.64 | $35K |
Holdings After Transaction:
Phantom Stock Unit — 9,792.303 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: 873.9476 units
Reference share value: $39.6400 per unit
Total phantom units after grant: 9,792.3028 units
+2 more
5 metrics
Phantom units granted
873.9476 units
Grant on April 10, 2026
Reference share value
$39.6400 per unit
Phantom stock unit value reference
Total phantom units after grant
9,792.3028 units
Holdings following transaction
Underlying common stock reference
293.9359 shares
Notional Zoetis common stock equivalent
Cash-equivalent portion
around 5% of unit value
Typical share of phantom unit value
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"
FAQ
What insider transaction did Zoetis (ZTS) CFO Joseph Wetteny report?
Zoetis CFO Joseph Wetteny reported receiving 873.9476 phantom stock units as a compensation-related award. The units were granted under the Zoetis Supplemental Savings Plan and increase his total phantom stock holdings to 9,792.3028 units, all settled in cash rather than actual Zoetis shares.
What is a phantom stock unit in the Zoetis (ZTS) Form 4 filing?
A phantom stock unit is a cash-settled award whose value is based on Zoetis common stock plus cash-equivalent investments. It does not represent actual shares or voting rights. The value tracks Zoetis’ share price and a small cash component, typically around 5% of the total value.
How many phantom stock units does the Zoetis (ZTS) CFO hold after this grant?
After receiving 873.9476 new phantom stock units, Zoetis CFO Joseph Wetteny holds 9,792.3028 phantom stock units in total. These units notionally reference 293.9359 shares of Zoetis common stock, but will be paid in cash rather than stock when eventually settled.
Is the Zoetis (ZTS) CFO Form 4 transaction a stock buy or sale?
The Form 4 transaction is an acquisition of phantom stock units as a compensation award, not a market buy or sale of Zoetis shares. It reflects routine executive compensation through the Zoetis Supplemental Savings Plan, with future cash settlement tied to Zoetis’ stock performance.
How is the value of the Zoetis (ZTS) phantom stock units determined?
Each phantom stock unit’s value is based on a fraction of a phantom share of Zoetis common stock plus cash-equivalent investments. The cash-equivalent portion usually represents about 5% of total value, so the overall unit value tracks Zoetis’ share price and these cash-like holdings.