Driscoll Rimma 4
Research Summary
AI-generated summary
Zoetis (ZTS) EVP Rimma Driscoll Receives RSUs, Sells Shares for Taxes
What Happened
Rimma Driscoll, Executive Vice President of Zoetis (ZTS), had restricted stock units (RSUs) vest and settle into common shares on Feb 6 and Feb 8, 2026. The filing shows 222 shares acquired on Feb 6 and 192 shares acquired on Feb 8 (total 414 shares). To cover tax obligations, 89 shares were withheld on Feb 6 (disposed) and 77 shares withheld on Feb 8 (disposed) at $127.42 per share, totaling $11,340 and $9,811 respectively (total $21,151). The Form 4 also reports the related derivative conversions (M codes) for 222.403 and 192.778 RSU units.
Key Details
- Transaction dates: Feb 6, 2026 and Feb 8, 2026.
- Acquired: 222 shares (2/6) + 192 shares (2/8) = 414 shares from RSU vesting.
- Withheld/disposed for taxes: 89 shares (2/6) worth $11,340; 77 shares (2/8) worth $9,811; total withheld = 166 shares, $21,151.
- Price used for withholding: $127.42 per share.
- Net change: +248 shares (414 acquired − 166 withheld).
- Footnotes: RSUs granted under Zoetis’ 2013 Equity and Incentive Plan; vesting schedules note one‑third vesting on anniversary dates (relevant grants dated Feb 8, 2023 and Feb 6, 2024).
- Filing date: Feb 10, 2026 (filed within the 2-business-day Form 4 window).
- Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to pay tax liability.
- Shares owned after transaction: not specified in the filing.
Context
These transactions reflect routine RSU vesting and tax-withholding (common for executive equity compensation), not an open-market sale or purchase decision. The withholding to cover taxes is a non-discretionary disposition and does not necessarily signal the insider’s view on the company.