Frank A. Damelio - Feb 11, 2023 Form 4 Insider Report for Zoetis Inc. (ZTS)

Role
Director
Signature
/s/ Brenda Santuccio, as Attorney-in-Fact
Stock symbol
ZTS
Transactions as of
Feb 11, 2023
Transactions value $
$0
Form type
4
Date filed
2/14/2023, 03:49 PM
Previous filing
Feb 10, 2023
Next filing
Apr 7, 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 Restricted Stock Unit Options Exercise -1.63K -38.02% 2.65K Feb 11, 2023 Common Stock 1.63K Direct F1, F2, F3, F4
transaction ZTS Deferred Stock Unit Award +1.63K +60.38% 4.32K Feb 11, 2023 Common Stock 1.63K Direct F3, F4, F7, F8, F9
holding ZTS Restricted Stock Unit 1.48K Feb 11, 2023 Common Stock 1.48K Direct F2, F3, F5, F6
holding ZTS Deferred Stock Unit 9.8K Feb 11, 2023 Common Stock 9.8K Direct F3, F8, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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: 1,450.3939 RSUs will vest on February 10, 2024; and 1,201.5360 RSUs will vest on February 8, 2025.
F2 Each restricted stock unit represents a contingent right to receive one share of Zoetis Inc. common stock.
F3 Not applicable.
F4 Upon the vesting of the reporting person's restricted stock units on February 11, 2023, the reporting person received 1,626.8438 deferred stock units ("DSUs") pursuant to a voluntary deferral under the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan. The DSUs are fully vested, accrue dividend equivalent units, and will be paid in a single lump payment within 30 business days following the earlier to occur of (i) a Termination Event, and (ii) a Change in Control that constitutes a "change in ownership or control" for purposes of Section 409A in accordance with the terms of the Plan.
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"). RSUs vest and are settled in shares of Zoetis common stock on the first 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. The RSUs vest as follows and are settled in Zoetis common stock upon vesting: 1,480 RSUs will vest on February 8, 2024.
F6 Each RSU will vest and be settled in shares of Zoetis Inc. common stock on the first 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.
F7 Represents deferred stock units granted pursuant to a voluntary deferral under the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan, and dividend equivalent units automatically issued thereon (each a "DSU" and collectively, "DSUs"). The DSUs are fully vested and will be settled in shares of Zoetis Inc. common stock upon the reporting person's separation from service as a director at Zoetis.
F8 Each DSU represents the right to receive one share of Zoetis Inc. common stock.
F9 Includes 2,694.5089 of DSUs previously granted under the Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan, including dividend units automatically issued thereon, and 1,626.8438 of DSUs granted upon the vesting of the Reporting Person's RSUs on February 11, 2023.
F10 Represents deferred stock units granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each a "DSU" and collectively, "DSUs"). The DSUs were fully vested on the date of the grant and will be settled in shares of Zoetis Inc. common stock upon the reporting person's separation from service as a director at Zoetis.
F11 Each DSU will be settled in shares of Zoetis Inc. common stock upon the reporting person's separation from service as a director of Zoetis Inc.