Esch Kevin 4

What Happened
Kevin Esch, Executive Vice President of Zoetis (ZTS), was granted 308.046 phantom stock units on 2026-07-10. The units are reported at a per-unit reference value of $26.22, implying a grant value of approximately $8,077. This was an award/grant (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-10; Form 4 filed 2026-07-14.
• Grant type/code: A (award/grant of phantom stock units).
• Units granted: 308.046 phantom stock units; reference price $26.22; reported value ≈ $8,077.
• Shares/units owned after transaction: Not reported in the filing.
• Footnote F1: Units were acquired under the Zoetis Supplemental Savings Plan; they are cash-settled upon the reporting person's separation from service and may be transferred into an alternative investment fund subject to company limits.
• Footnote F2: Each phantom stock unit represents a fraction of a phantom share plus ~5% cash-equivalent investments; value tracks Zoetis common stock plus the cash component.
• Filing timeliness: Form shows filing date and transaction date; review the filing for any late-filing designation.

Context
Phantom stock units are derivative, cash-settled awards that track the value of company stock (plus a small cash-equivalent component) and do not represent immediate ownership of shares. As compensation awards, they are routine for executives and do not necessarily indicate a personal buy/sell sentiment.