Sarbaugh Keith 4

4 · Zoetis Inc. · Filed Mar 31, 2026

AI-generated summary of this filing

Updated Mar 31, 2026

Zoetis (ZTS) EVP Keith Sarbaugh Receives Phantom Stock Award

What Happened

Keith Sarbaugh, Executive Vice President of Zoetis, was granted 626.672 phantom stock units on 2026-03-27. The units are valued at $38.20 each for a total grant value of approximately $23,939. The Form 4 reports this as an award/acquisition (code A) of a derivative instrument (phantom stock units), not an open‑market stock purchase.

Key Details

Transaction date: 2026-03-27; filing date: 2026-03-31 (filed within normal two-business-day window).
Award: 626.672 phantom stock units priced at $38.20 per unit; total value ≈ $23,939.
Security type: Derivative (phantom stock units), not actual shares of common stock.
Shares owned after transaction: Not reported in the provided data.
Footnotes:
- F1: Units were acquired under the Zoetis Supplemental Savings Plan and are settled in cash upon separation from service; transfers into an alternative investment fund are permitted but may be limited by Zoetis.
- F2: Each phantom stock unit tracks a fraction of a phantom share plus ~5% cash-equivalent investments; unit value is tied to Zoetis common stock market value plus the cash component.

Context

Phantom stock units are a form of deferred compensation tied to company share value and are typically settled in cash rather than resulting in immediate issuance of common stock. Such awards are common for executives and do not necessarily signal insider buying or selling intent.

Form 4

Period: 2026-03-27

Executive Vice President

Transactions

Award
Phantom Stock Unit
[F1][F2]
2026-03-27$38.20/sh+626.672$23,939→ 1,874.433 total
→ Common Stock (211.194 underlying)

Footnotes (2)

[F1]These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash following the reporting person's separation from service and may be transferred by the reporting person into an alternative investment fund at any time, provided Zoetis may limit the timing, frequency and permissibility of transfers from one investment fund to another at any time.
[F2]Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5% of the total value of the phantom stock unit). Accordingly, the value of each phantom stock unit is determined by reference to the market value of Zoetis common stock and the value of the cash-equivalent investments.

Signature

/s/ Brenda Santuccio, as Attorney-in-Fact|2026-03-31

1 file