Ferran Astorga Jeannette 4
Research Summary
AI-generated summary
Zoetis (ZTS) EVP Ferran Astorga Jeannette Receives RSU Award
What Happened
- Ferran Astorga Jeannette, Executive Vice President of Zoetis Inc. (ZTS), received two RSU awards on February 18, 2026 totaling 10,890 restricted stock units (2,197 + 8,693). The awards are reported as derivative grants with a reported acquisition price of $0.00 (typical for RSU awards).
Key Details
- Transaction date: 2026-02-18; filing date: 2026-02-19 (timely).
- Award amount: 10,890 RSUs in total (2,197 RSUs and 8,693 RSUs); reported price $0.00 per unit.
- Shares owned after transaction: not specified in the filing.
- Relevant footnotes: RSUs were granted under Zoetis’ Amended and Restated 2013 Equity and Incentive Plan and include dividend equivalent units (F1, F2). Vesting: one‑third vests and settles in shares on the first, second and third anniversaries of the grant date (grant date = Feb 18, 2026) subject to continued service and certain events (F3).
- Transaction type code: A = Award/Grant (derivative).
Context
- RSUs are a deferred equity award that convert into shares upon vesting; these were not sales or purchases and do not involve an immediate cash outlay or sale of shares. Dividend equivalent units accrue on the RSUs.
- Vesting schedule means the RSUs are expected to convert into shares in three tranches (roughly Feb 18 of 2027, 2028 and 2029) if vesting conditions are met.
- This is a routine equity compensation grant to an executive and should be interpreted as compensation rather than a direct buy/sell signal.