Ferran Astorga Jeannette 4
4 · Zoetis Inc. · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Zoetis (ZTS) EVP Ferran Astorga Receives Phantom Stock Award
What Happened
Ferran Astorga (Executive Vice President) was granted 45.327 phantom stock units (derivative award) on July 10, 2026. The units were recorded at an acquisition value of $26.22 per unit, for a total reported value of approximately $1,188. This was an award/grant (code A) — a form of compensation — not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-10; Form 4 filed: 2026-07-14 (timely filing).
- Transaction type/code: Award/Grant (A); derivative (phantom stock units).
- Quantity and price: 45.327 phantom units @ $26.22 each; total value ≈ $1,188.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes of note:
- These phantom stock units are settled in cash following separation from service and may be transferred into an alternative investment fund (company can limit transfer timing/frequency). (F1)
- Each phantom unit represents a fraction of a phantom share of Zoetis common stock plus a small cash-equivalent component (typically ~5% of the unit value); unit value tracks Zoetis stock + cash-equivalents. (F2)
Context
Phantom stock units are cash-settled derivative awards tied to the company's stock value and are typically part of executive compensation/retirement plans. Because this was a compensation grant (not a purchase), it should not be read as a direct bullish signal from the insider; it reflects pay/benefit plan mechanics and will convert to cash when settled.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-07-10$26.22/sh+45.327$1,188→ 2,296.157 total→ Common Stock (15.729 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.