Ferran Astorga Jeannette 4
4 · Zoetis Inc. · Filed Apr 13, 2026
Research Summary
AI-generated summary of this filing
Zoetis (ZTS) EVP Jeannette Ferran Astorga Receives Award
What Happened
Jeannette Ferran Astorga, Executive Vice President of Zoetis (ZTS), received 4.997 phantom stock units as an award (reporting code A) on 2026-04-10. The units were recorded at an attributable value of $39.64 each, for a total value of roughly $198. This was a grant of derivative (phantom) units as part of the Zoetis Supplemental Savings Plan — not an open-market purchase or sale.
Key Details
- Transaction date and terms: 2026-04-10; 4.997 phantom stock units @ $39.64 each; total ~$198. (Report filed 2026-04-13.)
- Transaction type: Award/Grant of phantom stock units (derivative), code A.
- Shares/units owned after transaction: Not disclosed in the filing.
- Footnotes:
- F1: Phantom stock units are settled in cash following the reporting person's separation from service and may be transferred into an alternative investment fund subject to timing/frequency limits set by Zoetis.
- F2: Each phantom unit equals a fraction of a phantom share plus a small cash-equivalent allocation (typically ~5%); unit value tracks Zoetis common stock market value plus the cash-equivalent.
- Filing timeliness: The Form 4 was filed on 2026-04-13 for a 2026-04-10 grant — within the SEC’s typical reporting window for Form 4s (which are due within two business days).
Context
Phantom stock unit grants are a form of deferred/retirement-style compensation and are generally settled in cash rather than delivering actual shares. Because this was a company-plan award rather than an open-market purchase or sale, it should be viewed as routine compensation-related activity rather than a direct buy/sell signal about the executive’s view of the stock.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-04-10$39.64/sh+4.997$198→ 2,250.83 total→ Common Stock (1.681 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.