Kristin C. Peck - Aug 22, 2023 Form 4 Insider Report for Zoetis Inc. (ZTS)

Signature
/s/ Brenda Santuccio, as Attorney-in-Fact
Stock symbol
ZTS
Transactions as of
Aug 22, 2023
Transactions value $
-$1,749,979
Form type
4
Date filed
8/22/2023, 04:21 PM
Previous filing
Jul 18, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZTS Common Stock Options Exercise $94.1K +2.25K +3.96% $41.83* 59.1K Aug 22, 2023 Direct F1
transaction ZTS Common Stock Options Exercise $495K +10.8K +18.19% $46.09* 69.8K Aug 22, 2023 Direct F1
transaction ZTS Common Stock Sale -$1.45M -8.05K -11.53% $179.68 61.8K Aug 22, 2023 Direct F2
transaction ZTS Common Stock Sale -$893K -4.95K -8.01% $180.43 56.8K Aug 22, 2023 Direct F3
holding ZTS Common Stock 794 Aug 22, 2023 401(k) F4

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 Stock Option Options Exercise $0 -2.25K -0.73% $0.00 307K Aug 22, 2023 Common Stock 2.25K Direct F5, F6, F7, F8, F9
transaction ZTS Stock Option Options Exercise $0 -10.8K -3.5% $0.00 296K Aug 22, 2023 Common Stock 10.8K Direct F5, F7, F8, F10, F11
holding ZTS Stock Option 67.1K Aug 22, 2023 Common Stock 67.1K $162.07 Direct F8, F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 15, 2023.
F2 The Price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $179.16 to $180.15, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The Price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $180.185 to $180.79, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 Represents the common stock equivalents held in the Zoetis Inc. Savings Plan, a 401(k) plan, as of June 30, 2023.
F5 Stock options (right to buy Zoetis Inc. common stock) granted pursuant to the Zoetis Inc. 2013 Equity and Incentive Plan.
F6 2,250 options granted February 19, 2016 at an exercise price of $41.83 per option.
F7 Each option vests on the third anniversary of the date of grant.
F8 Each option expires on the tenth anniversary of the date of grant.
F9 37,132 options granted February 27, 2015 at an exercise price of $46.09 per option; 20,000 options granted February 19, 2016 at an exercise price of $41.83 per option; 32,634 options granted February 14, 2017 at an exercise price of $55.02 per option; 24,642 options granted February 13, 2018 at an exercise price of $73.24 per option; 20,661 options granted February 12, 2019 at an exercise price of $87.51 per option; 55,866 options granted February 11, 2020 at an exercise price of $144.03 per option; 61,078 options granted February 10, 2021 at an exercise price of $160.62 per option; and 54,751 options granted February 8, 2022 at an exercise price of $201.30 per option.
F10 10,750 options granted February 27, 2015 at an exercise price of $46.09 per option.
F11 26,382 options granted February 27, 2015 at an exercise price of $46.09 per option; 20,000 options granted February 19, 2016 at an exercise price of $41.83 per option; 32,634 options granted February 14, 2017 at an exercise price of $55.02 per option; 24,642 options granted February 13, 2018 at an exercise price of $73.24 per option; 20,661 options granted February 12, 2019 at an exercise price of $87.51 per option; 55,866 options granted February 11, 2020 at an exercise price of $144.03 per option; 61,078 options granted February 10, 2021 at an exercise price of $160.62 per option; and 54,751 options granted February 8, 2022 at an exercise price of $201.30 per option.
F12 Stock options (right to buy Zoetis Inc. common stock) granted pursuant to the Zoetis Inc. Amended and Restated 2013 Equity and Incentive Plan.
F13 One-third of each option will vest on the first, second and third anniversaries of the date of grant.