Heidi C. Chen - Feb 10, 2024 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 10, 2024
Transactions value $
-$375,500
Form type
4
Date filed
2/13/2024, 05:13 PM
Previous filing
Feb 12, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZTS Common Stock Options Exercise +2.11K +7.55% 30K Feb 10, 2024 Direct F1
transaction ZTS Common Stock Tax liability -$161K -817 -2.72% $197.32 29.2K Feb 10, 2024 Direct
transaction ZTS Common Stock Options Exercise +3.17K +10.85% 32.4K Feb 10, 2024 Direct F2
transaction ZTS Common Stock Tax liability -$214K -1.09K -3.35% $197.32 31.3K Feb 10, 2024 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 -2.11K -55.76% 1.67K Feb 10, 2024 Common Stock 2.11K Direct F1, F3, F4, F5, F6, F7
transaction ZTS Performance Award Unit Options Exercise -3.17K -100% 0 Feb 10, 2024 Common Stock 3.17K Direct F2, F6, F11, F12
holding ZTS Restricted Stock Unit 1.8K Feb 10, 2024 Common Stock 1.8K Direct F4, F6, F8, F9
holding ZTS Restricted Stock Unit 1.42K Feb 10, 2024 Common Stock 1.42K Direct F4, F6, F8, F10
* 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 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").
F4 Each RSU represents a contingent right to receive one share of Zoetis Inc. common stock.
F5 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. The RSUs vest as follows: 2,108.6777 RSUs vested on February 10, 2024; and 1,673.0222 RSUs will vest on February 8, 2025.
F6 Not applicable.
F7 Each RSU will vest and be settled in shares of Zoetis Inc. common stock on the third anniversary of the date of grant, February 8, 2022; 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. Amended and Restated 2013 Equity and Incentive Plan, and dividend equivalent units automatically issued thereon (each an "RSU" and collectively, "RSUs").
F9 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, February 6, 2024; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F10 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, February 8, 2023; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F11 Performance award units having a three-year performance period covering 2021-2023 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 5, 2024, 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 10, 2024 and were settled in shares of Zoetis common stock.
F12 Each performance award unit represents a contingent right to receive one share of Zoetis Inc. common stock.