Heidi C. Chen - Feb 8, 2023 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 8, 2023
Transactions value $
$0
Form type
4
Date filed
2/10/2023, 05:25 PM
Previous filing
Jan 18, 2023
Next filing
Apr 19, 2023

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 Performance Award Unit Award $0 +2.84K $0.00 2.84K Feb 8, 2023 Common Stock 2.84K Direct F1, F2, F3, F4
transaction ZTS Restricted Stock Unit Award $0 +2.11K $0.00 2.11K Feb 8, 2023 Common Stock 2.11K Direct F4, F5, F6, F7
transaction ZTS Stock Option Award $0 +7.83K $0.00 7.83K Feb 8, 2023 Common Stock 7.83K $162.07 Direct F11, F12, F13
holding ZTS Restricted Stock Unit 6.05K Feb 8, 2023 Common Stock 6.05K Direct F4, F6, F8, F9, F10
holding ZTS Stock Option 39.7K Feb 8, 2023 Common Stock 39.7K Direct F13, F14, F15, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance award units with a three-year performance period covering 2020-2022 that were 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, 2023, 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) will vest and be settled in shares of Zoetis common stock on February 11, 2023, subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F2 Each performance award unit represents a contingent right to receive one share of Zoetis Inc. common stock.
F3 Each performance award unit will vest and be settled in shares of Zoetis Inc. common stock on February 11, 2023, subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F4 Not applicable.
F5 Represents restricted stock units granted pursuant to the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an "RSU" and collectively, "RSUs"). One-third of the RSUs vest and are settled in shares of Zoetis common stock on each of the first, second and third anniversaries of the date of grant, respectively, subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F6 Each RSU represents a contingent right to receive one share of Zoetis Inc. common stock.
F7 One-third of each RSU will vest and be settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries of the date of grant, subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F8 Represents restricted stock units granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an "RSU" and collectively, "RSUs"). RSUs vest and are settled in shares of Zoetis common stock on the third anniversary of the date of grant, subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F9 Each RSU will vest and be settled in shares of Zoetis Inc. common stock on the third anniversary of the date of grant, subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F10 The RSUs vest as follows: 2,299.5987 RSUs will vest on February 11, 2023; 2,089.9456 RSUs will vest on February 10, 2024; and 1,658.1602 RSUs will vest on February 8, 2025.
F11 Stock options (right to buy Zoetis Inc. common stock) granted pursuant to the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan.
F12 One-third of each option will vest on the first, second and third anniversaries of the date of grant.
F13 Each option expires on the tenth anniversary of the date of grant.
F14 Stock option (right to buy Zoetis Inc. common stock) granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan.
F15 14,921 options granted February 12, 2019 at an exercise price of $87.51 per option; 9,581 options granted February 11, 2020 at an exercise price of $144.03 per option; 8,758 options granted February 10, 2021 at an exercise price of $160.62 per option; and 6,477 options granted February 8, 2022 at an exercise price of $201.30 per option.
F16 Each option vests on the third anniversary of the date of grant.