Reed Willie M 4
Research Summary
AI-generated summary
Zoetis (ZTS) Director Willie M. Reed Receives RSU Shares
What Happened
- Willie M. Reed, a director of Zoetis Inc. (ZTS), had restricted stock units (RSUs) convert to common shares on February 19, 2026. The Form 4 reports an acquisition of 1,619 shares and a related conversion/disposition of 1,619.333 shares. No per-share price or dollar values are reported (N/A).
Key Details
- Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (timely filed).
- Reported entries: Acquisition of 1,619 shares (derivative conversion/settlement) and disposition of 1,619.333 shares (also recorded as a derivative conversion).
- Price/value: Not reported (N/A), so total dollar value cannot be computed from this filing.
- Shares owned after transaction: Not disclosed in this filing.
- Relevant footnotes: These entries relate to RSUs granted under Zoetis’s equity plan; each RSU represents a right to one share and vests/settles on specified anniversary dates (see filing footnotes for grant/vesting details).
- No explicit statement in the filing about the reason for the disposition (e.g., tax withholding or sale).
Context
- These transactions reflect RSU settlements (derivative conversions) rather than open-market buys or discretionary sales. One line shows receipt of shares upon RSU vesting; the nearly equal disposition line commonly reflects shares withheld or converted as part of the settlement process, but the Form 4 does not specify the exact purpose.