Zoetis (ZTS) CFO granted 2,114 phantom stock units in cash-settled award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joseph Wetteny reported acquisition or exercise transactions in this Form 4 filing.
Zoetis Inc. Chief Financial Officer Joseph Wetteny received a grant of 2,114.7557 phantom stock units on Zoetis common stock. The award was made at a reference value of $38.20 per unit under the Zoetis Supplemental Savings Plan.
Following this grant, Wetteny holds a total of 8,918.3552 phantom stock units. Each phantom stock unit tracks the market value of Zoetis common stock plus a small portion of cash-equivalent investments, and is settled in cash after his separation from service. The award currently corresponds to 712.6923 underlying shares of Zoetis common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Joseph Wetteny
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 2,114.756 | $38.20 | $81K |
Holdings After Transaction:
Phantom Stock Unit — 8,918.355 shares (Direct)
Footnotes (1)
- 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. 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.
Key Figures
Phantom stock units granted: 2,114.7557 units
Reference value per unit: $38.20
Total phantom units after grant: 8,918.3552 units
+2 more
5 metrics
Phantom stock units granted
2,114.7557 units
Grant on March 27, 2026
Reference value per unit
$38.20
Phantom stock unit value basis
Total phantom units after grant
8,918.3552 units
Holdings following transaction
Underlying common stock equivalent
712.6923 shares
Shares linked to this grant
Conversion price
$0.00
Conversion or exercise price of units
Key Terms
Phantom Stock Unit, Zoetis Supplemental Savings Plan, cash-equivalent investments
3 terms
Phantom Stock Unit financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash"
Zoetis Supplemental Savings Plan financial
"These phantom stock units, which were acquired pursuant to the Zoetis Supplemental Savings Plan, are settled in cash"
cash-equivalent investments financial
"plus a small amount of cash-equivalent investments (the cash-equivalent investments typically represent around 5% of the total value"
FAQ
What insider transaction did Zoetis (ZTS) report for CFO Joseph Wetteny?
Zoetis reported that CFO Joseph Wetteny received a grant of 2,114.7557 phantom stock units. These units are a form of deferred compensation tied to Zoetis’ share price and are settled in cash after his separation from the company.
How many phantom stock units does the Zoetis (ZTS) CFO hold after this grant?
After the latest award, CFO Joseph Wetteny holds 8,918.3552 phantom stock units. This total reflects his accumulated deferred compensation units linked to Zoetis’ common stock value and associated cash-equivalent investments under the company’s supplemental savings plan.
What does each phantom stock unit represent for Zoetis (ZTS) executives?
Each Zoetis phantom stock unit represents a fraction of a phantom share of common stock plus cash-equivalent investments. Its value is determined by Zoetis’ share price and the value of these cash-equivalent holdings, providing cash-settled, stock-linked compensation.
When are Zoetis (ZTS) phantom stock units settled for the CFO?
The Zoetis CFO’s phantom stock units are settled in cash following his separation from service. Until then, units track the market value of Zoetis common stock and related cash-equivalent investments within the Zoetis Supplemental Savings Plan framework.