Ashton Nicholas 4

What Happened
Ashton Nicholas, Executive Vice President of Zoetis (ZTS), had restricted stock units (RSUs) vest/settle on February 19, 2026. The filing shows conversion/settlement of RSU-derived interests totaling about 1,500.426 shares (two derivative settlement entries: 750 and 750.426 shares). To cover tax withholding, 392 shares were withheld/paid at an effective price of $127.28 per share, generating $49,894 in tax withholding proceeds. The transactions were reported on a Form 4 filed February 23, 2026.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (within the reporting window).
• Derivative/settlement entries: 750 shares acquired and 750.426 shares converted/settled (reported as derivative exercises/conversions).
• Tax/payment withholding: 392 shares withheld/disposed at $127.28 per share = $49,894 (code F: tax withholding/payment).
• Shares owned after the transactions: not specified in the provided filing text.
• Footnotes: Transactions reflect vesting/settlement of RSUs granted under the Zoetis Amended and Restated 2013 Equity and Incentive Plan; RSUs represent rights to one share each and typically vest one‑third annually (see grant dates referenced: Feb 6, 2024; Feb 19, 2025; Feb 18, 2026).
• No indication of an open‑market sale beyond shares withheld for taxes (this is standard tax withholding, not a discretionary sale).

Context
These transactions reflect routine RSU vesting and tax withholding (common compensation mechanics for executives). The RSUs were converted/settled into shares, and a portion was withheld to satisfy tax obligations (cashless withholding). This is not an active, discretionary sale by the insider; it does not, by itself, indicate a change in the insider’s investment stance.