PECK KRISTIN C 4

What Happened

• Kristin C. Peck, CEO of Zoetis Inc. (ZTS), was granted 616.089 phantom stock units on July 10, 2026. The units were recorded at $26.22 each, for a total grant value of $16,154. This transaction is an award/grant (Form 4 transaction code A) of a derivative interest, not an open-market purchase or sale.

Key Details

• Transaction date and price: July 10, 2026 — 616.089 phantom stock units @ $26.22 per unit (total $16,154).
• Transaction type: Award/Grant of phantom stock units (derivative), reported on Form 4 filed July 14, 2026 (timely filed).
• Shares owned after transaction: Not reported in the provided filing.
• Footnote highlights:
  • F1: These phantom stock units are settled in cash following the reporting person’s separation from service; they may be transferred into an alternative investment fund subject to company limits on timing/frequency.
  • F2: Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock plus a small cash-equivalent component (typically ~5%), so unit value tracks stock market value plus cash-equivalents.

Context

• This is a grant of phantom (cash-settled) units under a supplemental savings plan — a common form of long-term compensation for executives. Because the units are cash-settled upon separation and include a cash-equivalent portion, they do not represent immediate stock ownership or an open-market purchase and should be viewed as compensation rather than a direct bullish bet.