Joseph Wetteny 4

What Happened

• Joseph Wetteny, Chief Financial Officer of Zoetis (ZTS), had restricted stock units (RSUs) vest and convert to common stock on February 19, 2026. Approximately 2,050 RSUs were settled into shares.
• To satisfy tax withholding, 703 shares were surrendered/withheld at $127.28 per share for a total withholding of $89,478. After withholding, Wetteny received a net ~1,347 shares (approximate market value $171,446 using $127.28/share). No open-market sale by the insider is reported.

Key Details

• Transaction date(s): February 19, 2026; Form 4 filed February 23, 2026 (timely — filed within required business days).
• Action codes: M = exercise/conversion of derivative (RSU settlement); F = tax withholding/payment of tax liability.
• Shares withheld for taxes: 703 shares at $127.28/share = $89,478.
• Net shares received (approx.): 2,050 settled − 703 withheld = ~1,347 shares (approx. $171.4K at $127.28).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Relevant footnotes: RSUs were granted under the Zoetis Amended and Restated 2013 Equity and Incentive Plan; each RSU equals one contingent share and vests per scheduled anniversaries (one‑third on each anniversary). Footnotes reference grant/vesting schedules (e.g., grants dated Feb 6, 2024; Feb 19, 2025; Feb 18, 2026).

Context

• The M (derivative conversion) entries reflect RSUs vesting and being converted into shares; the F entry reflects shares withheld to cover tax obligations (a common, routine practice). This is not an open‑market sale or purchase by the insider, but a settlement of compensation awards.