Esch Kevin 4

What Happened

• Kevin Esch, Executive Vice President of Zoetis (ZTS), was granted 219.953 phantom stock units on 2026-03-27. The filing lists a per-unit reference price of $38.20, giving a total reported value of about $8,402. This transaction is an award (derivative grant), not an open-market purchase of common shares.

Key Details

• Transaction date and type: 2026-03-27 — Award/Grant of phantom stock units (code A); reported on Form 4 filed 2026-03-31 (timely).
• Price/value: 219.953 units × $38.20 ≈ $8,402.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes: (F1) Units are phantom stock units under the Zoetis Supplemental Savings Plan, settled in cash after separation from service and transferable into an alternative investment fund (subject to company limits). (F2) Each unit tracks a fraction of a phantom share plus ~5% cash-equivalent; unit value is tied to Zoetis stock plus cash-equivalents.
• Filing timeliness: Filed 2026-03-31 for a 2026-03-27 grant — within the standard Form 4 reporting window.

Context

• These are cash-settled phantom units (derivative awards) rather than issued common shares. Such awards generally reflect routine compensation or savings-plan activity and do not necessarily indicate immediate insider buying or selling intent.