Broadhurst Vanessa 4

What Happened

• Vanessa Broadhurst, a director of Zoetis Inc. (ZTS), had restricted stock units (RSUs) vest and be settled into common shares. The filing shows an acquisition/settlement of 1,619 RSU-derived shares and the conversion/settlement of 1,619.333 RSU units.
• As part of the vesting, 517 shares were disposed/surrendered to Zoetis for cash at $127.28 per share, yielding $65,804 — a routine sell-to-cover to satisfy tax withholding obligations. The acquisition lines show N/A for price because these shares were issued on vesting (not purchased in the open market).

Key Details

• Transaction date: 2026-02-19; Form 4 filed: 2026-02-23 (filed within the required 2 business days).
• Acquired on vesting: 1,619 shares (RSU settlement; no purchase price).
• Shares surrendered to company (sell-to-cover): 517 shares at $127.28/share = $65,804.
• Additional line reports conversion/settlement of 1,619.333 RSU units (derivative conversion); price not applicable.
• Relevant footnotes: RSUs granted under Zoetis’ equity plan; each RSU = right to one share on vesting (F1, F3–F7). The 517-share disposition was to the company for cash based on the closing price on the vesting date (F2).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.

Context

• This is a routine equity compensation vesting and sell-to-cover for tax withholding, not an open-market sale for investment reasons. For insiders, RSU vestings with a portion withheld or surrendered to cover taxes are common and typically do not signal a change in sentiment.
• The filing treats the RSU events as derivative conversions (code M) and an other disposition to the company for cash (code J). The Form 4 was timely filed.