Zoetis EVP Keith Sarbaugh Acquires Phantom Stock via Supplemental Savings Plan

Executive Summary

On October 9, 2026, Keith Sarbaugh, Executive Vice President at Zoetis Inc. ($ZTS), acquired 303.4903 Phantom Stock Units at a price of $26.17 per unit, representing a total transaction value of approximately $7,942.34. The transaction was filed via Form 4 with the SEC on October 13/14, 2026.

Transaction Details

• Security: Phantom Stock Unit
• Transaction Code: A (Award / Acquisition)
• Units Acquired: 303.4903
• Unit Price: $26.17
• Total Value: $7,942.34
• Beneficial Ownership Following Transaction: 2,668.3214 units (held directly)
• Plan Context: The units were acquired pursuant to the Zoetis Supplemental Savings Plan. According to the footnotes, these units are settled in cash following separation from service and track a combination of Zoetis common stock and cash-equivalent investments.

Market and Governance Assessment

This acquisition represents a routine automatic or elective deferral into the company's supplemental retirement/savings vehicle rather than an open-market purchase or sale. Because the transaction size is minor ($7,942.34) and stems from regular employee benefit plan administration, it has low predictive value for stock performance.