Sarbaugh Keith 4
4 · Zoetis Inc. · Filed Apr 1, 2026
Research Summary
AI-generated summary of this filing
Zoetis (ZTS) EVP Keith Sarbaugh Receives RSUs; 524 Shares Withheld
What Happened
- Keith Sarbaugh, Executive Vice President of Zoetis (ZTS), had RSUs convert to common stock on March 31, 2026. The filing shows a conversion/acquisition of 1,528 RSUs into shares (reported as derivative conversion/exercise).
- As part of the vesting/settlement, 524 shares were surrendered/withheld to cover tax obligations at $118.21 per share, generating $61,942 in proceeds for tax withholding. A related derivative conversion/disposition of 1,528.017 shares is also reported in the filing.
Key Details
- Transaction date: 2026-03-31
- Acquired (conversion of RSUs): 1,528 shares (reported as code M — exercise/conversion of a derivative)
- Tax withholding (code F): 524 shares withheld at $118.21 per share = $61,942
- Additional derivative entry: 1,528.017 shares reported as disposed (reported as derivative)
- Footnotes: RSUs were granted under Zoetis’ equity plan and convert to one share per RSU upon vesting (see notes describing RSU grants and vesting schedule, including a March 31, 2023 grant with one-third vesting each anniversary)
- Shares owned after the transaction: not specified in the provided excerpt
- Filing date: 2026-04-01 (no late filing indicated in the provided data)
Context
- These transactions reflect RSU vesting and routine tax withholding rather than an open-market purchase or a deliberate sale for investment reasons. M indicates conversion/exercise of a derivative (here, RSUs settling into common stock); F indicates shares surrendered to satisfy tax withholding. Such withholding is common when equity awards vest and does not necessarily signal a change in the insider’s market view.
Insider Transaction Report
Form 4
Zoetis Inc.ZTS
Sarbaugh Keith
Executive Vice President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-31+1,528→ 3,870 total - Tax Payment
Common Stock
2026-03-31$118.21/sh−524$61,942→ 3,346 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3][F1][F4][F5]2026-03-31−1,528.017→ 0 total→ Common Stock (1,528.017 underlying)
Holdings
- 2,674
Restricted Stock Unit
[F2][F3][F6][F5]→ Common Stock (2,674 underlying) - 773
Restricted Stock Unit
[F2][F3][F7][F5]→ Common Stock (773 underlying) - 120
Restricted Stock Unit
[F2][F3][F8][F5]→ Common Stock (120 underlying)
Footnotes (8)
- [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]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").
- [F3]Each RSU represents a contingent right to receive one share of Zoetis Inc. common stock.
- [F4]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.
- [F5]Not applicable.
- [F6]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 18, 2026; subject to the reporting person's continued service through such vesting date and subject to earlier vesting and settlement upon certain specific events.
- [F7]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 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.
- [F8]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.
Signature
/s/ Brenda Santuccio, as Attorney-in-Fact|2026-04-01