Ferran Astorga Jeannette 4

What Happened

• Ferran Astorga, Executive Vice President of Zoetis (ZTS), had restricted stock units (RSUs) vest and be converted into common stock on February 19, 2026. The filing shows ~431 shares acquired upon settlement of RSUs and 190 shares withheld to satisfy tax withholding obligations (disposed) at $127.28 per share, totaling $24,183.
• This is not an open-market purchase or sale by the insider but a company equity award settlement (conversion of RSUs into shares). After withholding, the reporting person received roughly 241 net shares (431 acquired minus 190 withheld).

Key Details

• Transaction date: 2026-02-19; Filing date: 2026-02-23.
• Actions reported: conversion/exercise of derivative (RSU settlement, code M) and tax withholding (code F).
• Shares listed as acquired: 431 (N/A price). Shares withheld/disposed for taxes: 190 at $127.28 each = $24,183.
• Net shares added to insider’s holdings (approx.): 241 shares.
• Footnotes: RSUs were granted under Zoetis’ Amended and Restated 2013 Equity and Incentive Plan and represent the right to receive one share per RSU upon vesting; vesting/settlement timing and schedules are described in the filing footnotes.
• Shares owned after the transaction: not disclosed in the provided summary of the filing.

Context

• This was a routine equity award settlement (RSU vesting) rather than a market buy or sale. The withholding of shares to cover taxes is standard practice and should not be interpreted as an active sell decision by the insider.
• The filing was submitted four days after the transaction date (filed Feb 23 for activity on Feb 19), which is generally timely for such reports.