Esch Kevin 4
4 · Zoetis Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Zoetis (ZTS) EVP Kevin Esch Receives Phantom Stock Award
What Happened
Kevin Esch, Executive Vice President of Zoetis (ZTS), was granted 1.395 phantom stock units on 2026-04-10. The filing reports a per-share reference value of $39.64, with the total reported value of the award about $55. This was an award/grant (derivative phantom stock unit), not an open-market purchase or sale.
Key Details
- Transaction date and type: 2026-04-10 — Award/Grant of phantom stock units (Transaction code A).
- Price/value: Reference price $39.64 per share; total reported value ~$55 for 1.395 units.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes:
- These are phantom stock units under the Zoetis Supplemental Savings Plan that are settled in cash upon the reporting person's separation from service and may be transferable into an alternative investment fund subject to Company limits.
- Each phantom unit represents a fraction of a phantom share plus ~5% cash-equivalent investments; unit value tracks Zoetis common stock plus cash-equivalents.
- Filing timeliness: Form 4 was filed 2026-04-13 for a 2026-04-10 transaction; the filing shows no late-report indication.
Context
This transaction is a derivative award (phantom stock) that will be settled in cash rather than delivering actual shares, so it does not directly change the insider's share count or represent an open-market buy/sell decision. Such grants are commonly part of compensation programs and do not, by themselves, indicate the insider’s view on the stock.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-04-10$39.64/sh+1.395$55→ 498.386 total→ Common Stock (0.469 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.