Nayak Abhay U 4

What Happened

• Abhay Nayak, Executive Vice President of Zoetis (ZTS), was credited with 214.616 phantom stock units (reported as a derivative award) on 2026-07-10. The units were valued at $26.22 each, for a reported total acquisition value of $5,627. This is an award/acquisition (code A), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-07-10; 214.616 units @ $26.22 per unit (total $5,627).
• Transaction type: Derivative award (phantom stock units) — reporting code A.
• Shares/units owned after transaction: Not specified in the filing.
• Filing: Form 4 filed 2026-07-14 for the 2026-07-10 transaction (filed four days after the transaction; typically Form 4 is due within two business days — this appears to be late).
• Footnotes of note:
  • F1: Units were acquired under the Zoetis Supplemental Savings Plan; they are cash-settled when the reporting person separates from service and may be transferred into an alternative investment fund subject to company timing/transfer limits.
  • F2: Each phantom stock unit tracks a fraction of a Zoetis common share plus ~5% cash-equivalent investments; unit value is tied to Zoetis share price plus the cash-equivalent portion.

Context

• These are phantom (cash‑settled) units, not actual common shares. They typically pay out in cash after separation from service (or may be allocated among plan investment options while employed), so they do not necessarily indicate immediate share ownership or a near-term market purchase/sale. This award is a routine compensation/savings-plan allocation rather than a directional trading signal.