Sarbaugh Keith 4
4 · Zoetis Inc. · Filed Jul 14, 2026
Research Summary
AI-generated summary of this filing
Zoetis EVP Keith Sarbaugh Receives Phantom Stock Award
What Happened Keith Sarbaugh, Executive Vice President of Zoetis (ZTS), was granted 259.638 phantom stock units (derivative award) on July 10, 2026. The units were recorded at a per-unit value of $26.22 for a total reported value of approximately $6,808. This transaction is an award (code A) under Zoetis’ compensation/savings plan and represents a routine equity-linked grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-10; Form 4 filed: 2026-07-14 (filed timely).
- Instrument: 259.638 phantom stock units (derivative award) at $26.22/unit; total ~$6,808.
- Shares owned after transaction: Not reported in this filing.
- Footnote highlights:
- F1: Units are phantom stock units under the Zoetis Supplemental Savings Plan, settled in cash upon separation; holders may transfer units into an alternative investment fund subject to company timing/transfer limits.
- F2: Each phantom unit mirrors a fraction of a Zoetis common share plus ~5% cash-equivalent investments; unit value tracks stock market value plus cash-equivalent portion.
- Transaction code: A (award/grant); no sale or market trade occurred.
Context Phantom stock units are derivative, cash-settled awards tied to the company’s stock value and are commonly used for executive compensation and savings plans. They do not represent immediate share ownership or market purchases/sales and are generally routine compensation rather than a direct buy/sell signal.
Insider Transaction Report
- Award
Phantom Stock Unit
[F1][F2]2026-07-10$26.22/sh+259.638$6,808→ 2,364.831 total→ Common Stock (90.097 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.