Ferran Astorga Jeannette 4

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.