Sarbaugh Keith 4

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.