PARENT LOUISE M 4

What Happened

• Louise M. Parent, a director of Zoetis (ZTS), had restricted stock units (RSUs) vest and convert into common shares on Feb 19, 2026. The filing shows conversions/settlements of 1,619 and 1,619.333 RSU-derived shares (total ~3,238.333). Of the resulting shares, 615 were disposed (surrendered) to Zoetis to cover withholding taxes at $127.28 per share, yielding $78,277. The conversions are reported as derivative exercises (code M); the surrender is reported as an other disposition (code J).
• This was a compensation-related vesting and tax withholding event (routine), not an open-market sale or a buy signal.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (appears filed 4 days after the transaction; Form 4 is typically due within 2 business days).
• Reported amounts: 1,619 shares (M); 1,619.333 shares (M); 615 shares surrendered (J) at $127.28/share for total proceeds of $78,277.
• Shares owned after transaction: Not specified in the provided filing details.
• Relevant footnotes: RSUs represent rights to one share each and were granted under the Zoetis Amended and Restated 2013 Equity and Incentive Plan; vesting/settlement and dividend equivalent units are referenced; surrendered shares were exchanged for cash based on the closing price on the vesting date (tax withholding).
• Transaction codes explained: M = exercise/conversion of derivative (here, RSU settlement); J = other acquisition/disposition (here, share surrender to company for taxes).

Context

• RSU vesting converts a deferred compensation award into shares; withholding shares to cover taxes is common and should not be interpreted as an open-market sale or a directional bet by the insider.
• The filing reflects compensation settlement mechanics rather than discretionary insider trading; purchases (insider buys) typically carry more weight as potential bullish signals.