Joseph Wetteny 4
4 · Zoetis Inc. · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Zoetis (ZTS) CFO Joseph Wetteny Receives Phantom Stock Award
What Happened
Joseph Wetteny, Chief Financial Officer of Zoetis (ZTS), was granted 2,114.756 phantom stock units on 2026-03-27. The units were reported at a per‑unit value of $38.20, for a total reported value of $80,784. This was an award/grant (derivative units), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-27; filing date: 2026-03-31 (Form 4 filed within required timeframe).
- Grant details: 2,114.756 phantom stock units; reported price/value used: $38.20 per unit; total value $80,784.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnote summary:
- These are phantom stock units under the Zoetis Supplemental Savings Plan, settled in cash following the reporting person's separation from service; units may be transferred into an alternative investment fund subject to company limits. (F1)
- Each unit represents a fraction of a phantom share plus a small cash‑equivalent component (typically ~5%); unit value tracks Zoetis common stock plus the cash component. (F2)
- Transaction type: Derivative award (code A). No indication of immediate sale or exercise.
Context
Phantom stock unit grants are a form of deferred/compensation award and are normally settled in cash rather than resulting in immediate issuance of common shares; they are typically routine compensation rather than a direct market signal. This filing reports the grant facts and the plan terms; it does not provide evidence of buying or selling stock in the open market.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-03-27$38.20/sh+2,114.756$80,784→ 8,918.355 total→ Common Stock (712.692 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.