Wafaa Mamilli - 11 Feb 2023 Form 4 Insider Report for Zoetis Inc. (ZTS)

Role: Executive Vice President
Signature: /s/ Brenda L. Santuccio, as Attorney-in-Fact
Issuer symbol: ZTS
Transactions as of: 11 Feb 2023
Net transactions value: -$324,102
Form type: 4
Filing time: 14 Feb 2023, 15:53:27 UTC
Previous filing: 10 Feb 2023
Next filing: 04 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ZTS	Common Stock	Options Exercise		+4,068			4,068	11 Feb 2023	Direct	F1
transaction	ZTS	Common Stock	Tax liability	$224,987	-1,421	-35%	$158.33	2,647	11 Feb 2023	Direct
transaction	ZTS	Common Stock	Options Exercise		+1,749	+66%		4,396	11 Feb 2023	Direct	F2
transaction	ZTS	Common Stock	Tax liability	$99,115	-626	-14%	$158.33	3,770	11 Feb 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		+4,068			2,875	11 Feb 2023	Common Stock	4,068		Direct	F1, F3, F4
transaction	ZTS	Performance Award Unit	Options Exercise		+1,749			0	11 Feb 2023	Common Stock	1,749		Direct	F2, F4, F8
holding	ZTS	Restricted Stock Unit						2,051	11 Feb 2023	Common Stock	2,051		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: 1,498.0307 RSUs will vest on February 10, 2024; and 1,376.9281 RSUs 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.