Keith Sarbaugh - Mar 28, 2025 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: Mar 28, 2025
Transactions value $: -$66,207
Form type: 4
Date filed: 4/1/2025, 04:39 PM
Previous filing: Feb 21, 2025
Next filing: Apr 7, 2025
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		+1.51K	+143.57%		2.56K	Mar 31, 2025	Direct	F1
transaction	ZTS	Common Stock	Tax liability	-$85K	-516	-20.2%	$164.65	2.04K	Mar 31, 2025	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	Phantom Stock Unit	Award	$18.8K	+353	+106.43%	$53.18	684	Mar 28, 2025	Common Stock	115		Direct	F2, F3
transaction	ZTS	Restricted Stock Unit	Options Exercise		-1.51K	-50%		1.51K	Mar 31, 2025	Common Stock	1.51K		Direct	F1, F4, F5, F6, F7
holding	ZTS	Restricted Stock Unit						1.14K	Mar 28, 2025	Common Stock	1.14K		Direct	F4, F5, F7, F8
holding	ZTS	Restricted Stock Unit						236	Mar 28, 2025	Common Stock	236		Direct	F4, F5, F7, F9

* 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	These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash following the reporting person's separation from service and may be transferred by the reporting person into an alternative investment fund at any time, provided Zoetis may limit the timing, frequency and permissibility of transfers from one investment fund to another at any time.
F3	Each phantom stock unit represents a fraction of a phantom share of Zoetis common stock, plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5% of the total value of the phantom stock unit). Accordingly, the value of each phantom stock unit is determined by reference to the market value of Zoetis common stock and the value of the cash-equivalent investments.
F4	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").
F5	Each RSU represents a contingent right to receive one share of Zoetis Inc. common stock.
F6	One-third of each RSU vests and is settled in shares of Zoetis Inc. common stock on the first, second and third anniversaries of the date of grant, March 31, 2023; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F7	Not applicable.
F8	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 19, 2025; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
F9	One-third of each RSU vests and is 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.