PECK KRISTIN C 4

What Happened
Kristin C. Peck, Chief Executive Officer of Zoetis (ZTS), was granted 4,391.261 phantom stock units on 2026-03-27. The units are reported at a price of $38.20 each for a total value of $167,746. The transaction is coded as an award/acquisition (A) and involves derivative phantom units rather than actual shares.

Key Details

• Transaction date and price: 2026-03-27 at $38.20 per unit (total value $167,746).
• Transaction type: Award/acquisition of phantom stock units (derivative), reported on Form 4 filed 2026-03-31. Filing appears timely (within the standard 2-business-day window).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote F1: These phantom stock units were granted under the Zoetis Supplemental Savings Plan and are settled in cash after the reporting person’s separation from service; transfers into an alternative investment fund are allowed subject to company limits.
• Footnote F2: Each phantom unit represents a fraction of a phantom share plus about 5% in cash-equivalent investments, so unit value tracks both Zoetis stock price and a small cash component.

Context
Phantom stock units are a form of deferred compensation tied to the company’s share value but typically settled in cash at separation — they do not convey immediate ownership of common stock. Such awards are common as executive compensation and should be viewed as compensation-related rather than an immediate bullish or bearish trading signal.