Lagano Roxanne 4

What Happened

• Roxanne Lagano, Executive Vice President of Zoetis (ZTS), received a grant of 550.644 phantom stock units on April 10, 2026. The units are reported at a per‑unit value of $39.64, for a total reported value of $21,828. This transaction is recorded as an award/acquisition of a derivative security (phantom units) under a company savings plan.

Key Details

• Transaction date and filing: Grant on 2026-04-10; Form 4 filed 2026-04-13 (timely; within SEC’s two business‑day requirement).
• Instrument & value: 550.644 phantom stock units @ $39.64 = $21,828 (derivative award).
• Shares/units owned after transaction: Not disclosed in the provided filing.
• Notable footnotes:
  • F1: Units were granted under the Zoetis Supplemental Savings Plan; they are cash‑settled upon the reporting person’s separation from service and may be moved into an alternative investment fund subject to company limits.
  • F2: Each phantom unit equals a fraction of a phantom share of Zoetis common stock plus ~5% cash‑equivalent investments; unit value tracks Zoetis stock value plus the cash component.
• Transaction code: A = Award/Grant (not an open‑market buy or sale).

Context

• These phantom stock units are a deferred, cash‑settled form of equity compensation rather than immediate stock ownership. They do not represent an open‑market purchase or sale and are generally designed for long‑term savings/compensation purposes. Such awards are common executive compensation and should be interpreted as a grant rather than a signal about near‑term insider trading intentions.