Esch Kevin 4

What Happened

• Kevin Esch, Executive Vice President of Zoetis (ZTS), received shares upon vesting of restricted stock units (RSUs) on April 30, 2026. The filing records the acquisition/conversion of ~259 RSU-based shares. To satisfy tax withholding, 75 of those shares were surrendered at $114.97 per share, a withholding value of $8,623.
• The filing also shows a related derivative conversion/disposition of ~259.922 units (reported as a derivative transaction). Acquisition entries list no cash price (standard for RSU settlement).

Key Details

• Transaction date: April 30, 2026; Form 4 filed May 1, 2026 (reporting period 2026-04-30).
• Main entries: conversion/acquisition of 259 RSU shares (derivative exercise/conversion, code M); withholding/disposition of 75 shares to cover tax liability at $114.97/share for $8,623 (code F).
• Additional line: disposition of ~259.922 derivative units recorded (no cash price reported).
• Footnotes: RSU settlement on vesting (each RSU = one share) per Zoetis equity plan; withholding was for tax obligations (routine). See F1, F3–F5 for plan and vesting details.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Timeliness: filing date is May 1, 2026 for an April 30, 2026 vesting—no late filing flag indicated.

Context

• This was an RSU vesting and settlement (not an open-market purchase or discretionary sale). The 75-share transfer was a tax-withholding event (common practice) rather than a market sale that would signal a deliberate investment decision.
• Derivative transaction codes reflect conversion/settlement of RSUs into common stock; when RSUs vest the company issues shares and may withhold shares to satisfy taxes.