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.