Rimma Driscoll - Feb 11, 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 11, 2023
Transactions value $
-$42,274
Form type
4
Date filed
2/14/2023, 03:50 PM
Previous filing
Feb 10, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZTS Common Stock Options Exercise +300 +7.85% 4.12K Feb 11, 2023 Direct F1
transaction ZTS Common Stock Tax liability -$19K -120 -2.91% $158.33 4K Feb 11, 2023 Direct
transaction ZTS Common Stock Options Exercise +370 +9.24% 4.37K Feb 11, 2023 Direct F2
transaction ZTS Common Stock Tax liability -$23.3K -147 -3.36% $158.33 4.23K Feb 11, 2023 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 +301 +126.81% 538 Feb 11, 2023 Common Stock 301 Direct F1, F3, F4
transaction ZTS Performance Award Unit Options Exercise +371 0 Feb 11, 2023 Common Stock 371 Direct F2, F4, F8
holding ZTS Restricted Stock Unit 558 Feb 11, 2023 Common Stock 558 Direct F4, F5, F6, F7
* 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: 287.8489 RSUs will vest on February 10, 2024; and 249.9840 will vest on February 8, 2025.
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 throughsuch vesting date and subject to earlier vesting and settlement upon certain specific events.
F8 Performance award units having a three-year performance period covering 2020-2022 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, 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) vested on February 11, 2023 and were settled in shares of Zoetis common stock.