Lagano Roxanne 4

What Happened

• Roxanne Lagano, Executive Vice President of Zoetis, was granted 1,266.441 phantom stock units on 2026-03-27. The units are reported at a per-unit value of $38.20, for a total reported value of $48,378. The transaction is reported on Form 4 as an acquisition (code A) of a derivative award rather than an open-market stock purchase.

Key Details

• Transaction date and price: 2026-03-27; 1,266.441 phantom stock units @ $38.20 each, total $48,378 (derivative award).
• Transaction type/code: Award/Grant (A); these are phantom stock units (derivative), not shares traded on the open market.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on 2026-03-31 — filed on the required Form 4 deadline (timely).
• Footnote highlights:
  • F1: These phantom units (Zoetis Supplemental Savings Plan) are settled in cash after the reporting person’s separation from service and may be moved into alternative investment funds subject to company timing limits.
  • F2: Each phantom unit tracks a fraction of a Zoetis common share plus a small (~5%) cash-equivalent component; unit value follows Zoetis stock value plus the cash-equivalent portion.

Context

• This was a compensation grant (derivative/phantom stock), not a market purchase or sale. Phantom units typically pay out in cash (per F1) based on the company stock’s value and do not immediately change the circulating share count.
• Such awards are common executive compensation and are informative about pay structure but do not necessarily signal the insider’s personal buying or selling intent.