Robert J. Polzer - 10 Feb 2024 Form 4 Insider Report for Zoetis Inc. (ZTS)

Signature
/s/ Brenda Santuccio, as Attorney-in-Fact
Issuer symbol
ZTS
Transactions as of
10 Feb 2024
Net transactions value
-$36,110
Form type
4
Filing time
13 Feb 2024, 17:11:36 UTC
Previous filing
12 Feb 2024
Next filing
01 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ZTS Common Stock Options Exercise +254 +9.1% 3,050 10 Feb 2024 Direct F1
transaction ZTS Common Stock Tax liability $14,404 -73 -2.4% $197.32 2,977 10 Feb 2024 Direct
transaction ZTS Common Stock Options Exercise +382 +13% 3,359 10 Feb 2024 Direct F2
transaction ZTS Common Stock Tax liability $21,705 -110 -3.3% $197.32 3,249 10 Feb 2024 Direct
holding ZTS Common Stock 1,049 10 Feb 2024 401(k) F3

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 -255 -15% 1,409 10 Feb 2024 Common Stock 255 Direct F1, F4, F5, F6, F7, F8
transaction ZTS Performance Award Unit Options Exercise -383 -100% 0 10 Feb 2024 Common Stock 383 Direct F2, F7, F12, F13
holding ZTS Restricted Stock Unit 1,848 10 Feb 2024 Common Stock 1,848 Direct F5, F7, F9, F10
holding ZTS Restricted Stock Unit 1,312 10 Feb 2024 Common Stock 1,312 Direct F5, F7, F9, F11
* 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 the common stock equivalents held in the Zoetis Inc. Savings Plan, a 401(k) plan, as of December 31, 2023.
F4 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").
F5 Each RSU represents a contingent right to receive one share of Zoetis Inc. common stock.
F6 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: 254.6367 vested February 10, 2024; and 1,408.5931 RSUs will vest on February 8, 2025.
F7 Not applicable.
F8 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.
F9 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").
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 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.
F11 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.
F12 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.
F13 Each performance award unit represents a contingent right to receive one share of Zoetis Inc. common stock.