Heidi C. Chen - Feb 12, 2022 Form 4 Insider Report for Zoetis Inc. (ZTS)

Role: Executive Vice President
Signature: /s/ Brenda Santuccio, as Attorney-in-Fact
Stock symbol: ZTS
Transactions as of: Feb 12, 2022
Transactions value $: -$1,371,408
Form type: 4
Date filed: 2/15/2022, 06:53 PM
Previous filing: Feb 10, 2022
Next filing: Apr 1, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZTS	Common Stock	Options Exercise		+3.78K	+15.67%		27.9K	Feb 12, 2022	Direct	F1
transaction	ZTS	Common Stock	Tax liability	-$242K	-1.22K	-4.37%	$198.87	26.7K	Feb 12, 2022	Direct
transaction	ZTS	Common Stock	Options Exercise		+13K	+48.87%		39.7K	Feb 12, 2022	Direct	F2
transaction	ZTS	Common Stock	Tax liability	-$1.13M	-5.68K	-14.31%	$198.87	34K	Feb 12, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ZTS	Restricted Stock Unit	Options Exercise		-3.78K	-38.63%		6K	Feb 12, 2022	Common Stock	3.78K		Direct	F1, F3
transaction	ZTS	Performance Award Unit	Options Exercise		-13K	-100%		0	Feb 12, 2022	Common Stock	13K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquisition of common stock upon vesting and settlement of restricted stock units (RSUs). Each RSU represents a right to receive one share of Zoetis Inc. common stock upon vesting of the RSU.
F2	Acquisition of common stock upon vesting and settlement of performance award units. Each performance award unit represents a right to receive one share of Zoetis Inc. common stock upon vesting of the performance award unit.
F3	Restricted stock units previously granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an "RSU" and collectively, "RSUs"). The RSUs vest as follows and are settled in Zoetis common stock upon vesting: 3,776.7536 RSUs vested on February 12, 2022; 2,281.3478 RSUs will vest on February 11, 2023; 2,073.3585 RSUs will vest on February 10, 2024; and 1,645 RSUs will vest on February 8, 2025.
F4	Performance award units having a three-year performance period covering 2019-2021 previously granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon. The performance award units reported herein were deemed acquired on February 8, 2022, which is the date the Zoetis Human Resources Committee certified the level of achievement of the applicable performance goal for these performance award units. The performance award units (and dividend equivalent units issued thereon) vested on February 12, 2022 and were settled in shares of Zoetis common stock.