Leatherberry Antoinette Renee 4

What Happened

• Antoinette Renee Leatherberry, a director of Zoetis Inc. (ZTS), had restricted stock units (RSUs) vest and be settled into common shares on 2026-02-19. The Form 4 reports the acquisition/settlement of 1,619 RSU-derived shares and a related derivative conversion entry of ~1,619.333 units. Of the shares settled, 406 shares were disposed (surrendered) to Zoetis for cash at $127.28 per share, producing $51,676 in cash consideration (per the filing).

Key Details

• Transaction date: February 19, 2026; Form filed February 23, 2026.
• Reported items:
  • M (exercise/conversion of derivative): 1,619 shares acquired upon RSU settlement (no price reported).
  • J (other disposition): 406 shares disposed at $127.28/share for $51,676 (cash in exchange for shares).
  • M (derivative): 1,619.333 units reported as disposed (related to RSU conversion/settlement).
• Shares owned after transaction: Not stated in the summary data provided in this prompt.
• Relevant footnotes from the filing:
  • F1/F3/F4/F7: These are RSUs granted under Zoetis’s equity plan; each RSU converts to one share upon vesting (vesting schedule noted in the filing).
  • F2: The 406-share disposition was a transfer of shares to the company in exchange for cash based on the closing price on the vesting date (i.e., cash settlement/surrender).
• No indication in the provided data that this was a 10% owner transaction or part of a 10b5‑1 plan.

Context

• RSUs are not option purchases — they are awards that convert to shares when they vest. Here, Leatherberry’s RSUs vested and converted into shares; a portion (406 shares) were surrendered to Zoetis for cash (per F2), which is a common practice to satisfy tax-withholding obligations and is routine rather than a market-sale signal.
• The M-coded entries reflect conversion/exercise or settlement of derivative awards (RSUs in this case). The J-coded disposition reflects the company cash settlement/repurchase of shares on vesting.