Joseph Wetteny 4

What Happened
Joseph Wetteny, Chief Financial Officer of Zoetis (ZTS), was granted 873.948 phantom stock units (derivative award) on April 10, 2026. The award is reported at a per‑unit reference value of $39.64, for a total reported value of $34,643. This transaction is coded as an award/acquisition (A) and was reported on a Form 4 filed April 13, 2026.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-13 (appears timely).
• Units granted: 873.948 phantom stock units; reported reference value $39.64 each; total $34,643.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Plan: Grant made pursuant to the Zoetis Supplemental Savings Plan (derivative award, cash‑settled).
• Footnotes: F1/F2 (see Context below) describe settlement and valuation mechanics.

Context

• These are phantom stock units (a cash‑settled deferred compensation award), not immediate shares of common stock. Per the filing, they are settled in cash following the reporting person’s separation from service and may be transferred into an alternative investment fund subject to Zoetis’s timing/frequency limits.
• Each phantom unit tracks a fraction of a Zoetis share plus a small cash‑equivalent component (typically ~5%), so value is tied to Zoetis stock price plus the cash component.
• Because this is a deferred, cash‑settled grant rather than an open‑market purchase or sale, it reflects compensation/deferral activity rather than an immediate buy or sell signal.