Ferran Astorga Jeannette 4

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.