A statement of changes in beneficial ownership filed on September 18, 2026, disclosed that Zoetis Inc. director Mark Stetter acquired phantom stock units on September 17, 2026, under the company's director deferred compensation plan.

Key Highlights

  • Reporting person: Mark Stetter, identified as a director of Zoetis Inc. (NYSE:ZTS)
  • Transaction date: September 17, 2026, with the filing submitted September 18, 2026
  • Units acquired: 342.372 phantom stock units, coded as an acquisition (A) under Table II
  • Dividend equivalents included: 3.7148 of the 342.372 units represent dividend equivalent units, per the filing
  • Price per unit: $73.02, representing the Zoetis stock fund value at the time of the transaction
  • Total phantom stock units held following transaction: 880.1751, held directly
  • Settlement terms: According to the filing, these phantom stock units "will be settled in cash following the reporting person's separation from service"

Director Deferred Compensation Activity at Zoetis

Zoetis Inc. is a global animal health company whose shares trade on the New York Stock Exchange. According to the filing, the phantom stock units reported by director Mark Stetter were acquired pursuant to the "Zoetis Inc. Amended and Restated Non-Employee Director Deferred Compensation Plan." Under this plan, the filing states that the units "represent the director's deferral of all or a portion of his or her cash retainer fees invested in the Zoetis stock fund (including dividend equivalents thereon)."

The filing specifies that each phantom stock unit represents one share of Zoetis Inc. common stock in economic terms, though the units themselves are derivative securities rather than direct equity. The 342.372 units were classified as acquired (transaction code A), and of that total, 3.7148 units are identified as dividend equivalent units. Following the reported transaction, Stetter's total phantom stock unit position stands at 880.1751 units, held in direct form.

Importantly, the filing notes that these phantom stock units carry no conventional exercise or expiration date in the traditional sense, and settlement will occur in cash upon the reporting person's separation from service, not in shares. The filing was signed by Brenda Santuccio as Attorney-in-Fact on September 18, 2026.

What Was Disclosed

The filing reported that Zoetis director Mark Stetter acquired 342.372 phantom stock units on September 17, 2026, at $73.02 per unit through the company's non-employee director deferred compensation plan, bringing his total position to 880.1751 units.