☐ | Soliciting Material Pursuant to §240.14a-12 |
| Zoetis Inc. 10 Sylvan Way Parsippany, NJ 07054 | | | |
| | Thursday, May 8:00 a.m. Eastern Daylight Time | | |
| | Virtual meeting webcast at: www.virtualshareholdermeeting.com/ ZTS2023 | | |
| | Close of Business on March 24, 2023 | | |
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| | 1. Election of | | |
| | 2. Advisory vote to approve | | |
| | 3. | | |
| | 4. | | |
| | 5. Shareholder proposal regarding ability to call a special meeting | | |
| | 6. Such other business as may properly come before the Annual Meeting of Shareholders | | |
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| | Shareholders on the Record Date are entitled to vote in the following ways: | | |
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| | Call 1 (800) 690-6903 (toll free) | | |
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| | Visit www.proxyvote.com | | |
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| | Return a properly completed, signed and dated proxy card | | |
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| | Attend the Annual Meeting of Shareholders webcast and vote your shares | | |
| | IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE | | |
| | Zoetis Inc.’s Proxy Statement and Annual Report on Form 10-K for the year ended December 31, | | |
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| | As used in this proxy statement, the terms “we”, “us”, “our”, the | | |
| | Time and Date | | | | Thursday, May | | |
| | Place | | | | Online virtual meeting at: www.virtualshareholdermeeting.com/ | | |
| | Record Date | | | | Close of business on March | | |
| | Voting | | | | Shareholders on the record date are entitled to one vote per share on each matter to be voted upon at the Annual Meeting. | | |
| | Admission | | | | Shareholders on the record date will be able to attend the Annual Meeting webcast, vote their shares electronically and submit questions online during the meeting by logging in to the website listed above using their 16-digit control number. Shareholders and guests who do not provide a 16-digit control number will still be able to attend the Annual Meeting in a listen-only mode, but will be unable to vote or ask questions. | | |
| | Item of Business | | | | Our Board Recommendation | | | | Reasons for Recommendation | | | | See Page | | |
| | 1. Election of | | | | ✓ FOR | | | | The Zoetis Board of Directors (the “Board”) has concluded it is in the best interests of Zoetis and its shareholders for each of | | | | | | |
| | 2. Advisory vote to approve our executive compensation | | | | ✓ FOR | | | | The Board believes that our executive compensation program is designed to attract, incent and reward our leadership for increasing shareholder value and align the interests of leadership with those of our shareholders on an annual and long-term basis. | | | | | | |
| | 3. Ratification of appointment of KPMG LLP as our independent registered public accounting firm for | | | | ✓ FOR | | | | The Audit Committee and Board believe that the continued retention of KPMG as the | | | | | | |
| | 4. | | | | ✓ FOR | | | | The Board believes that it is in the best interests of Zoetis and its shareholders to amend Zoetis’ Restated Certificate of Incorporation to create a right to call a special meeting. | | | | | | |
| | 5. Shareholder proposal regarding the ability to call a special meeting | | | | ✓ AGAINST | | | | The Board does not believe it is in the best interests of | | | | | |
| At Zoetis, we are a global team committed to nurturing the world and humankind by advancing care for animals. For over 70 years, Zoetis has supported those who raise and care for animals — from veterinarians and pet owners to livestock farmers and ranchers. Our purpose — to nurture the world and humankind by advancing care for animals — inspires how we are reimagining animal health. We focus on innovations across the continuum of care for animals — from prediction and prevention to detection and treatment of disease — as well as in digital and data analytics to help accelerate the achievement of those goals. We also continue to promote and develop our highly engaged colleagues who help us champion a healthier, more sustainable future. At Zoetis, our colleagues drive success and fuel our purpose. Colleagues around the globe take pride in our positive company culture. Our culture is founded on our Core Beliefs, which are part of the promise we make to our customers, investors and partners, and to each other as members of One Zoetis team. Our Core Beliefs have helped us create an award-winning workplace and become an employer of choice in animal health. In furtherance of our commitment to our purpose and Core Beliefs we recently adopted a Global Human Rights Policy to formalize our expectations for all of our colleagues and members of our supply chain globally to positively impact the protection of human rights. | | | |
| | Skill / Experience | | | | Definition | | | |||
| | Academia | | | | | | Experience working in a university or other community concerned with the pursuit of research, education and scholarship | | | |
| | Animal Health | | | | | | Experience working at an organization (including for profit, non-profit, academic, or otherwise) engaged in the production, care and/or maintenance of animals | | | |
| | Consumer Products | | | | | | Experience working at an organization (including for profit, non-profit, academic, or otherwise) engaged in the development, manufacture or commercialization of products which are sold directly to individuals and households | | | |
| | Digital & Technology | | | | | | A significant background working in technology, resulting in knowledge of how to anticipate technological trends, generate disruptive innovation, and extend or create new business models | | | |
| | Global Businesses | | | | | | Experience driving business success in markets around the world, with an understanding of diverse business environments, economic conditions, cultures, and regulatory frameworks, and a broad perspective on global market opportunities | | | |
| | Human Capital Management | | | | | | Experience for a significant enterprise in talent development and succession planning, along with a practical understanding of organizations, processes, workforce planning, and talent risk management | | | |
| | Life Sciences | | | | | | Experience working at an organization (including for profit, non-profit, academic, or otherwise) engaged in the discovery, development, manufacture or commercialization of products or services focused on improving organism life | | | |
| | Manufacturing & Supply | | | | | | Experience directly managing an organization or business function responsible for the manufacturing and/or supply of physical goods | | | |
| | Marketing & Sales | | | | | | Experience developing strategies to grow sales and market share, build brand awareness and equity, and enhance enterprise reputation | | | |
| | Mergers & Acquisitions | | | | | | A history of leading growth through acquisitions and other business combinations, with the ability to assess “build or buy” decisions, analyze the fit of a target with a company’s strategy and culture, accurately value transactions, and evaluate operational integration plans | | | |
| | Research & Development | | | | | | Experience directly managing an organization or business function responsible for the discovery and/or development of products or services | | | |
| | Public Company Skill / Experience | | | | Definition | | | |||
| | Other Public Company Board Member | | | | | | Experience serving on the board of directors of a public company | | | |
| | Public Company CEO | | | | | | Experience as a chief executive officer of a public company | | | |
| | Public Company CFO; or Finance and Accounting | | | | | | Experience as a chief financial officer or principal accounting officer of a public company, or a member of the internal function(s) responsible for managing a public company’s finance or accounting operations | | | |
| | Public Company GC; Compliance; or Corporate Governance | | | | | | Experience as a general counsel of a public company, or a member of the internal function(s) responsible for managing a public company’s corporate compliance and/or corporate governance | | |
| | | | | Paul M. Bisaro | | | | Frank A. D’Amelio | | | | Sanjay Khosla | | | | Antoinette R. Leatherberry | | | | Michael B. McCallister | | | | Gregory Norden | | | | Louise M. Parent | | | | Kristin C. Peck | | | | Willie M. Reed | | | | Linda Rhodes | | | | Robert W. Scully | | | |
| | Experience, Skills | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Academia | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | |
| | Animal Health | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | |
| | Consumer Products | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | |
| | Global Businesses | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | |
| | Life Sciences | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | |
| | Manufacturing & Supply | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | |
| | Marketing & Sales | | | | ✓ | | | | | | | | ✓ | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | |
| | Mergers & Acquisitions | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | |
| | Other Public Company Board Member | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | |
| | Public Company CEO | | | | ✓ | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | | | |
| | Public Company CFO; or Finance and Accounting | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | |
| | Public Company GC; Compliance; or Corporate Governance | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | |
| | Digital and Technology | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Research & Development | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | |
| | Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Board Tenure | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Full Years | | | | 5 | | | | 8 | | | | 7 | | | | <1 | | | | 8 | | | | 8 | | | | 7 | | | | 1 | | | | 7 | | | | 3 | | | | 7 | | |
| | Age (as of April 6, 2021) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Years Old | | | | 60 | | | | 63 | | | | 69 | | | | 59 | | | | 68 | | | | 63 | | | | 70 | | | | 49 | | | | 66 | | | | 71 | | | | 71 | | |
| | Gender | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Male | | | | M | | | | M | | | | M | | | | | | | | M | | | | M | | | | | | | | | | | | M | | | | | | | | M | | |
| | Female | | | | | | | | | | | | | | | | F | | | | | | | | | | | | F | | | | F | | | | | | | | F | | | | | | |
| | LGBTQIA+ (optional reporting) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Identify as LGBTQIA+ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Race* (optional reporting) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Black or African American | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | |
| | American Indian or Alaska Native | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Asian | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | White | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | |
| | Native Hawaiian or Other Pacific Islander | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Other | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Did not wish to identify | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Ethnicity* (optional reporting) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Hispanic or Latino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Not Hispanic or Latino | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | |
| | Did not wish to identify | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | Paul M. Bisaro | | | | Vanessa Broadhurst | | | | Frank A. D’Amelio | | | | Sanjay Khosla | | | | Antoinette R. Leatherberry | | | | Michael B. McCallister | | | | Gregory Norden | | | | Louise M. Parent | | | | Kristin C. Peck | | | | Willie M. Reed | | | | Linda Rhodes | | | | Robert W. Scully | | | ||||
| Skill / Experience | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Academia | | | | | | | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | | |
| Animal Health | | | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | |
| Consumer Products | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | | | | | | | | |
| Digital & Technology | | | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Global Businesses | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | |
| Human Capital Management | | | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | |
| Life Sciences | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | |
| Manufacturing & Supply | | | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | |
| Marketing & Sales | | | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | |
| Mergers & Acquisitions | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | | | | | ✓ | | | |
| Research & Development | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | | | | | | | | | | | | | ✓ | | | | ✓ | | | | | | | |
| Public Company Skill / Experience | | | |||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Public Company Board Member | | | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | | |
| Public Company CEO | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | | | | |
| Public Company CFO; or Finance and Accounting | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | |
| Public Company GC; Compliance; or Corporate Governance | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | |
| Director Nominee | | | | | Continuing Director | | | | | | | |
| | | | Paul M. Bisaro | | | | Vanessa Broadhurst | | | | Frank A. D’Amelio | | | | Sanjay Khosla | | | | Antoinette R. Leatherberry | | | | Michael B. McCallister | | | | Gregory Norden | | | | Louise M. Parent | | | | Kristin C. Peck | | | | Willie M. Reed | | | | Linda Rhodes | | | | Robert W. Scully | | | |
| Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||
| Age and Tenure | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Age (as of March 15, 2023) | | | | 62 | | | | 54 | | | | 65 | | | | 71 | | | | 61 | | | | 70 | | | | 65 | | | | 72 | | | | 51 | | | | 68 | | | | 73 | | | | 73 | | |
| Board Tenure (full years) | | | | 7 | | | | 0 | | | | 10 | | | | 9 | | | | 2 | | | | 10 | | | | 10 | | | | 9 | | | | 3 | | | | 9 | | | | 5 | | | | 9 | | |
| Other Public Boards | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Number | | | | 2 | | | | 0 | | | | 2 | | | | 1 | | | | 1 | | | | 2 | | | | 3 | | | | 1 | | | | 1 | | | | 0 | | | | 0 | | | | 2 | | |
| LGBTQIA+ (optional reporting) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Identify as LGBTQIA+ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Race / Ethnicity* (optional reporting) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Black or African American | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | |
| American Indian or Alaska Native | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Asian | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Hispanic or Latino | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Native Hawaiian or Other Pacific Islander | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| White | | | | ✓ | | | | | | | | ✓ | | | | | | | | | | | | ✓ | | | | ✓ | | | | ✓ | | | | ✓ | | | | | | | | ✓ | | | | ✓ | | |
| Other | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Born or Raised Outside the US (optional reporting) | | | | | | | | | | | | | | | | ✓ | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Gender | | | | Male | | | | Female | | | | Male | | | | Male | | | | Female | | | | Male | | | | Male | | | | Female | | | | Female | | | | Male | | | | Female | | | | Male | | |
| Director Nominee | | | | | Continuing Director | | | * | | | Based on U.S. Census Bureau designations | |
| | | |
| • Paul M. Bisaro | | | • Gregory Norden | |
| • Vanessa Broadhurst | | | • Louise M. Parent | |
| • Frank A. D’Amelio | | | • Kristin C. Peck | |
| • Michael B. McCallister | | | • Robert W. Scully | |
| |
| Name(1) | | | Age(2) | | | Position(s) with the Company | | | | Term Expires | | ||||||
| Paul M. Bisaro* | | | | | 60 | | | | Director | | | | | | 2022 | | |
| Frank A. D’Amelio* | | | | | 63 | | | | Director | | | | | | 2022 | | |
| Sanjay Khosla* | | | | | 69 | | | | Director | | | | | | 2021(3) | | |
| Antoinette Leatherberry* | | | | | 59 | | | | Director | | | | | | 2021(3) | | |
| Michael B. McCallister* | | | | | 68 | | | | Non-Executive Chairman of the Board and Director | | | | | | 2022 | | |
| Gregory Norden* | | | | | 63 | | | | Director | | | | | | 2023 | | |
| Louise M. Parent* | | | | | 70 | | | | Director | | | | | | 2023 | | |
| Kristin C. Peck | | | | | 49 | | | | Chief Executive Officer and Director | | | | | | 2023 | | |
| Willie M. Reed* | | | | | 66 | | | | Director | | | | | | 2021(3) | | |
| Linda Rhodes* | | | | | 71 | | | | Director | | | | | | 2021(3) | | |
| Robert W. Scully* | | | | | 71 | | | | Director | | | | | | 2023 | | |
| Name | | | Position(s) with the Company | | | | Term Expires | | |||
| Paul M. Bisaro* | | | Director | | | | | | 2023(1) | | |
| Vanessa Broadhurst* | | | Director | | | | | | 2023(1) | | |
| Frank A. D’Amelio* | | | Director | | | | | | 2023(1) | | |
| Sanjay Khosla* | | | Director | | | | | | 2024 | | |
| Antoinette Leatherberry* | | | Director | | | | | | 2024 | | |
| Michael B. McCallister* | | | Non-Executive Chair of the Board and Director | | | | | | 2023(1) | | |
| Gregory Norden* | | | Director | | | | | | 2023(1) | | |
| Louise M. Parent* | | | Director | | | | | | 2023(1) | | |
| Kristin C. Peck | | | CEO and Director | | | | | | 2023(1) | | |
| Willie M. Reed* | | | Director | | | | | | 2024 | | |
| Linda Rhodes* | | | Director | | | | | | 2024 | | |
| Robert W. Scully* | | | Director | | | | | | 2023(1) | | |
| | | Paul M. Bisaro Age 62 Director since May 2015 | | | Specific qualifications: • Senior management experience, including as former CEO of Actavis plc (formerly Watson Pharmaceuticals) and Impax Laboratories, Inc. • Experience in global healthcare and pharmaceutical industries • Expertise in mergers and acquisitions • Public company director experience | |
| | | Age Director since July 2022 | | | Specific qualifications: • Experience in business leadership and senior management, including as Executive Vice President, Global Corporate Affairs at Johnson & Johnson • Expertise in consumer healthcare marketing and digital communications • Global pharmaceutical business experience • Direct-to-consumer advertising experience | |
| | | Frank A. D’Amelio Age 65 Director since July 2012 | | | Specific qualifications: • Experience in finance and accounting and senior management, including as former CFO of Pfizer • Expertise in mergers and acquisitions • Global business experience • Public company director experience | |
| | | Michael B. McCallister Age 70 Director since January 2013 Board Chair since June 2013 | | | Specific qualifications: • Senior management experience, including as former CEO of Humana • Accounting background • Board chair experience • Public company director experience | |
| | | Gregory Norden Age 65 Director since January 2013 | | | Specific qualifications: • Corporate finance experience, including as former CFO of Wyeth • Experience in global healthcare and pharmaceutical industries • Accounting background, including as an audit manager at a major accounting firm • Public company director experience | |
| | | Louise M. Parent Age 72 Director since August 2013 | | | Specific qualifications: • Legal, operations, senior management and global business experience as former General Counsel and executive of American Express • Experience in corporate governance, board matters, compliance and risk management • Global business and regulatory relations experience • Public company director experience | |
| | | Kristin C. Peck Age 51 Director since October 2019 | | | Specific qualifications: • Knowledge and leadership of Zoetis as our current CEO • Experience in animal health and pharmaceutical industries • Senior management and global business experience • Public company director experience | |
| | | Robert W. Scully Age 73 Director since June 2013 | | | Specific qualifications: • Experience in financial services and global management, including as a member of the Office of the Chairman of Morgan Stanley • Public company experience in risk management, audit and financial reporting • Mergers and acquisitions expertise • Public company director experience | |
| | | Sanjay Khosla Age 71 Director since June 2013 | | | Specific qualifications: • International business and management experience, including as EVP and President, Developing Markets of Kraft Foods (now Mondelēz International) • Global operational experience, including in developing markets • Experience in animal health industry • Public company director experience | |
| | | Age Director since December 2020 | | | Specific qualifications: • Extensive experience with complex technology transformations during her Deloitte career advising Fortune 500 companies • Strategic digital technology experience • Diversity and inclusion leadership | |
| | | Age Director since March 2014 | | | Specific qualifications: • Thought leadership in the animal health community, including as Dean of the College of Veterinary Medicine at Purdue University • Doctorates in veterinary medicine and pathology • Expertise in infectious diseases, avian pathology, poultry veterinary medicines, diagnostics and vaccines, animal care and welfare • Senior management experience • Experience working with various government agencies | |
| | | Age Director since August 2017 | | | Specific qualifications: • Broad animal health industry experience, including as CEO of animal health start-up company and founder of animal health contract research organization • Experience in private veterinary practice • Doctorates in veterinary medicine and physiology • Public company chief scientific officer experience • Public company director experience | |
| Topic | | | | Zoetis Key Corporate Governance Feature | |
| Board Quality and Independence | | | | • Board consists of • All directors are independent other than our current | |
| Independent Board Chair | | | | • Current Board Chair is an independent director and is elected by the Board annually • If the roles of CEO and Board Chair are combined, independent directors will annually elect a lead independent director | |
| Board Committees | | | | • | |
| Executive Sessions | | | | • Directors hold regularly scheduled executive sessions where directors can discuss matters without management presence • Independent Board Chair, or, if applicable, the lead independent director, presides over all executive sessions of the Board | |
| Board Oversight of Risk | | | | • Risk oversight by full Board and Committees, including oversight of the Enterprise Risk Management program, financial reporting, information security and audit risk assessments | |
| Proxy Access | | | | • Our shareholders | |
| Board Oversight of Management Succession | | | | • Board regularly reviews and discusses succession plans for CEO and other key executives | |
| Board Self-Evaluation | | | | • • In 2023, written responses to evaluations will be supplemented with individual one-on-one interviews | |
| Accountability | | | | • In uncontested director elections, our directors are elected by a majority of votes cast • Each of our directors is elected annually (declassification of our Board over a three-year period began in 2022 and commencing in 2024 all of our directors will be elected annually) • Each share of common stock is entitled to one vote • Our Code of • Anti-hedging and anti-pledging policies covering directors and employees • Claw-back policy covering incentive compensation paid to executives | |
| Director Stock Ownership | | | | • Each non-employee director is required to hold Zoetis stock worth at least $500,000 (including share equivalent units), to be acquired within five years of joining our Board | |
| Open Lines of Communication | | | | • Processes in place to facilitate communication with shareholders and other stakeholders • Board promotes open and frank discussions with management and there is ongoing communication between our Board (including the Board and Committee Chairs) and management • Our directors have access to all members of management and other employees and are authorized to hire outside advisors at the | |
| Board Refreshment | | | | • Led by the Corporate Governance and Sustainability Committee, the Board regularly reviews the Board’s composition with a focus on identifying and evaluating potential board candidates • Mandatory Retirement Policy at age 75, absent special circumstances | |
| Director Orientation and Continuing Education | | | | • Comprehensive orientation for new directors • Continuing education consisting of in-house presentations, presentations by industry and subject matter experts, third-party director courses and site and customer visits | |
| Board Diversity | | | | • Diverse board with female and racial/ethnic representation • Board considers diversity of skills, experience, race, ethnicity, gender, cultural background and thought among directors when evaluating director nominees • The Corporate Governance and Sustainability Committee considers, and asks search firms to include in candidate lists, diverse director candidates who meet applicable search criteria | |
| Corporate Responsibility & ESG/Sustainability | | | | • The Board exercises ultimate oversight over the • The Board’s Committees oversee the • • In 2021, Zoetis participated in the CDP (formerly the Carbon Disclosure Project) climate change survey for the first time and submitted for scoring in 2022 • In 2022, Zoetis participated in the CDP water survey for the first time | |
| | | | | | | | | Committee | | ||||||||||||
| Name | | | | Independent | | | | Audit | | | | Human Resources | | | | Corporate Governance | | | | Quality and Innovation | |
| Juan Ramón Alaix(1) | | | | no | | | | | | | | | | | | | | | | | |
| Paul M. Bisaro | | | | yes | | | | | | | | | | | | | | | | ||
| Frank A. D’Amelio | | | | yes | | | | | | | | | | | | | | | | ||
| Sanjay Khosla | | | | yes | | | | | | | | | | | | | | | | ||
| Antoinette R. Leatherberry | | | | yes | | | | | | | | | | | | | | | | ||
| Michael B. McCallister | | | �� | yes | | | | | | | | | | | | | | | | | |
| Gregory Norden | | | | yes | | | | | | | | | | | | | | | | ||
| Louise M. Parent | | | | yes | | | | | | | | | | | | | | | | ||
| Kristin C. Peck | | | | no | | | | | | | | | | | | | | | | | |
| Willie M. Reed | | | | yes | | | | | | | | | | | | | | | | ||
| Linda Rhodes | | | | yes | | | | | | | | | | | | | | | | ||
| Robert W. Scully | | | | yes | | | | | | | | | | | | | | | | ||
| William C. Steere, Jr.(2) | | | | yes | | | | | | | | | | | | | | | | ||
| Number of Meetings in 2020 | | | | | | | | 7 | | | | 6 | | | | 5 | | | | 4 | |
| | | | | | | Committee | | ||||||||||||||
| Name | | | | Independent | | | | Audit | | | | Human Resources | | | | Corporate Governance and Sustainability | | | | Quality and Innovation | |
| Paul M. Bisaro | | | | yes | | | | | | | | | | | | | | ||||
| Vanessa Broadhurst | | | | yes | | | | | | | | | | | | | | | | | |
| Frank A. D’Amelio | | | | yes | | | | | | | | | | | | | | | | ||
| Sanjay Khosla | | | | yes | | | | | | | | | | | | | | | | ||
| Antoinette R. Leatherberry | | | | yes | | | | | | | | | | | | | | | | ||
| Michael B. McCallister | | | | yes | | | | | | | | | | | | | | | | | |
| Gregory Norden | | | | yes | | | | | | | | | | | | | | | | ||
| Louise M. Parent | | | | yes | | | | | | | | | | | | | | | | ||
| Kristin C. Peck | | | | no | | | | | | | | | | | | | | | | | |
| Willie M. Reed | | | | yes | | | | | | | | | | | | | | | | ||
| Linda Rhodes | | | | yes | | | | | | | | | | | | | | | | ||
| Robert W. Scully | | | | yes | | | | | | | | | | | | | | | | ||
| Number of Meetings in 2022 | ��� | | | | | | | 8 | | | | 6 | | | | 6 | | | | 4 | |
| Board Committees | | | | Responsibilities | |
| All Members Independent All Members Financially Literate Each of Mr. D’Amelio, Mr. Norden and Mr. Scully qualifies as an “audit committee financial expert” | | | | • Oversees the integrity of our financial statements and system of internal controls • Sole authority and responsibility to select, determine the compensation of, evaluate and, when appropriate, replace our independent public accounting firm • Oversees the performance of our internal audit function • Oversees our risk management programs, including information security (which includes cybersecurity) and data privacy • Reviews reports from management, legal counsel and third parties (including our independent public accounting firm) relating to the status of our compliance with laws, regulations and internal procedures | |
| All Members Independent | | | | • Responsible for the • Identifies and recommends candidates for election to our Board; recommends members and chairs of Board Committees • Advises on and recommends director compensation for approval by the Board • Administers our policies and procedures regarding related person transactions • Oversees our strategies, initiatives, activities and disclosures regarding ESG and sustainability | |
| All Members Independent | | | | • Approves our overall compensation philosophy • Oversees our compensation and benefit programs, policies and practices and manages the related risks • Annually establishes the corporate goals and objectives relevant to the compensation of our CEO, reviews the goals established by our CEO for our other executive officers, and evaluates their performance in light of these goals • Recommends CEO compensation to the Board and approves the compensation of our other executive officers • Oversees our programs and policies regarding talent development, colleague engagement and • Administers our incentive and equity-based compensation plans | |
| All Members Independent | | | | • Evaluates our strategy, activities, results and investment in research and development and innovation • Oversees compliance with processes and internal controls relating to our manufacturing quality and environmental, health and safety (“EHS”) programs; • Reviews organizational structures and qualifications of key personnel in our supply chain, manufacturing quality and EHS functions • Oversees our programs with respect to animal welfare, adverse event reporting and product safety matters | |
| Audit Committee | | | | Human Resources Committee | | | | Corporate Governance and Sustainability Committee | | | | Quality and Innovation Committee | |
| • Oversees the management of risks related to financial reporting, information security risks, including cybersecurity, regulatory compliance • Oversees the annual internal audit risk assessment, which identifies and prioritizes risks related to the Company’s internal controls in order to develop internal audit plans for future fiscal years | | | | • Oversees the management of risks relating to our compensation plans and arrangements • Oversees the management of risks relating to our talent, human capital management and succession planning | | | | • Oversees risks associated with our ESG and sustainability practices, potential conflicts of interest and the management of risks associated with the independence of the Board • Oversees the effectiveness of the Principles and the Board’s compliance with our Code of Conduct | | | | • Oversees risks related to natural resources and climate, manufacturing quality and environmental, health and safety matters • Oversees risks associated with our strategy and investments in research and development and external innovation | |
| Name | | | | Fees Earned or Paid in Cash($)(1) | | | | Stock Awards ($)(2)(3)(4) | | | | Option Awards($) | | | | Non-Equity Incentive Plan Compensation ($) | | | | Change in Pension Value and Non- Qualified Deferred Compensation Earnings($) | | | | All Other Compensation ($) | | | | Total ($) | | Name | | | | Fees Earned or Paid in Cash($) | | | | Stock Awards ($)(1)(2) | | | | All Other Compensation ($)(3) | | | | Total ($) | | |||||||||||||||||||||||||||||||||
| Juan Ramón Alaix | | | | | | — | | | | | | | — | | | | | | | —(5) | | | | | | | — | | | | | | | — | | | | | | $ | 2,204,681(6) | | | | | | $ | 2,204,681 | | | Paul M. Bisaro(4) | | | | | $ | 100,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 340,000 | | |
| Paul M. Bisaro(7) | | | | | $ | 125,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 355,000 | | | Vanessa Broadhurst(5) | | | | | $ | 50,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 290,000 | | |
| Frank A. D’Amelio(8) | | | | | $ | 100,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 330,000 | | | Frank A. D’Amelio(6) | | | | | $ | 100,000 | | | | | | $ | 240,000 | | | | | | $ | 5,000 | | | | | | $ | 345,000 | | |
| Sanjay Khosla(8) | | | | | $ | 100,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 330,000 | | | Sanjay Khosla(4) | | | | | $ | 100,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 340,000 | | |
| Antoinette R. Leatherberry(9) | | | | | $ | 8,333 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 238,333 | | | Antoinette R. Leatherberry(4) | | | | | $ | 100,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 340,000 | | |
| Michael B. McCallister(10) | | | | | $ | 275,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 505,000 | | | Michael B. McCallister(7) | | | | | $ | 250,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 490,000 | | |
| Gregory Norden(11) | | | | | $ | 125,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 355,000 | | | Gregory Norden(8) | | | | | $ | 125,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 365,000 | | |
| Louise M. Parent(8) | | | | | $ | 100,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 330,000 | | | Louise M. Parent(9) | | | | | $ | 125,000 | | | | | | $ | 240,000 | | | | | | $ | 5,000 | | | | | | $ | 370,000 | | |
| Willie M. Reed(8) | | | | | $ | 100,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 330,000 | | | Willie M. Reed(10) | | | | | $ | 125,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 365,000 | | |
| Linda Rhodes(8) | | | | | $ | 100,000 | | | | | | $ | 230,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 330,000 | | | Linda Rhodes(6) | | | | | $ | 100,000 | | | | | | $ | 240,000 | | | | | | $ | 5,000 | | | | | | $ | 345,000 | | |
| Robert W. Scully(12) | | | | | $ | 125,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 355,000 | | | Robert W. Scully(11) | | | | | $ | 125,000 | | | | | | $ | 240,000 | | | | | | | — | | | | | | $ | 365,000 | | |
| William C. Steere, Jr.(8) | | | | | $ | 100,000 | | | | | | $ | 230,000 | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | $ | 330,000 | | |
| | | |
| |
| NEO | | | | Title | |
| Kristin C. Peck | | | | Chief Executive Officer (“CEO”) | |
| | | | Executive Vice President (“EVP”) and Chief Financial Officer (“CFO”) | | |
| | | | | ||
| | | | | ||
| Wafaa Mamilli(b) | | | | |
| Compensation Philosophy | | | | Objectives | |
| Pay for Performance | | | | Foster a | |
| Align Management Interests with Shareholders | | | | Align the interests of management with results delivered to our shareholders through the use of long-term incentive programs that are designed to reward executives for increasing the value of our shareholders’ | |
| Pay Mix | | | | Provide competitive compensation opportunities over the short term (base salary and annual incentives) and long term (equity-based long-term incentive awards) which are intended to retain our experienced management team, enable us to attract new qualified executives when needed and remain externally aligned with the compensation practices of our peer group, with the majority of pay at-risk and tied to long-term | |
| | WHAT WE DO: | | | |||
| | ✓ | | | Emphasize pay for performance — our executive compensation program emphasizes variable pay over fixed pay, with more than three-quarters of our executives’ target compensation tied to our financial results and stock performance. | | |
| | ✓ | | | |||
Require executives to comply with market-competitive stock ownership guidelines. | | | |||||
| | ✓ | | | Require executives to hold net shares upon the exercise of stock options or vesting of stock until they achieve the relevant stock ownership guideline. | | |
| | ✓ | | | Maintain a policy prohibiting traditional perquisites of employment (as determined by our | | |
| | ✓ | | | Maintain anti-hedging and anti-pledging policies applicable to our directors and employees, including our NEOs. | | |
| | ✓ | | | Maintain a | | |
| | ✓ | | | Provide for | | |
| | ✓ | | | Provide severance benefits through an Executive Severance Plan, consisting of cash equal to a multiple of base salary and target annual incentive, as well as continued health and welfare benefits, as described in the Executive Severance Plan. | | |
| | ✓ | | | Use an independent compensation consultant when designing and evaluating our executive compensation policies and programs. | | |
| | ✓ | | | Conduct an annual risk assessment to ensure that the | | |
| | WHAT WE DON’T DO: | | | |||
| | ✘ | | | Maintain employment agreements with our executives, including our NEOs (other than agreements that are required or customary for executives outside of the U.S., and short-term agreements for specific purposes). | | |
| | ✘ | | | Allow repricing of stock options without shareholder approval. | | |
| | ✘ | | | Provide tax “gross ups” to any of our executives, including our NEOs (except with respect to certain international assignment or relocation expenses, consistent with our policies and available to all eligible employees on the same | | |
| | ✘ | | | Provide for | | |
| Element | | | | Description and Purpose | | | | Comments | |
| Cash Compensation | | ||||||||
| Base Salary | | | | • Fixed cash compensation that reflects fulfillment of day-to-day responsibilities, skills and experience. • Addresses employee cash-flow needs and retention objectives. | | | | • Reviewed annually | |
| Annual Incentive Plan | | | | • Annual cash incentive that rewards achievement of our financial and strategic/ • For | | | | • Amount of payout is based on the extent of achievement of • The Human Resources Committee may exercise discretion in considering performance results in the context of other strategic and operational objectives. | |
| Long-Term Incentives | | ||||||||
| Performance Award Units | | | | • Equity awards that give the recipient the right to receive shares of Zoetis stock on a specified future date, subject to vesting and the • Align NEO and shareholder interests, as the value NEOs realize from their performance award units depends on the value of the shareholders’ investment relative to other similar investment opportunities over the same time period. | | | | • In • Three-year cliff vesting: units earned based on Relative TSR, the • Paid out in shares of • Dividend equivalents are accrued over the vesting period and paid when and if the performance award units vest (subject to the same vesting conditions as the underlying performance award units). | |
| Element | | | | Description and Purpose | | | | Comments | | ||||
| Long-Term Incentives (Continued) | | ||||||||||||
| Stock Options | | | | • Equity awards that provide value based on growth in our stock • Intended to focus NEOs on increasing the • Reward NEOs for increases in the stock price over a period of up to ten years. | | | | • In • Exercise price equals 100% of the stock price on the date of grant. • Ten-year term. • Three-year cliff vesting: vests 100% on the third anniversary of the date of grant, subject to the NEO’s continued employment through such date (with vesting on certain earlier terminations, such as retirement, death, restructuring, change in control, etc., that are generally aligned with market practice). | | ||||
| Restricted Stock Units | | | | • Equity awards that give the recipient the right to receive shares of Zoetis stock on a specified future date, subject to • Align NEO and shareholder interests, as NEOs | | | | • In • Three-year cliff vesting: vests 100% on the third anniversary of the date of grant, subject to the NEO’s continued employment through such date (with vesting on certain earlier terminations, such as retirement, death, restructuring, change in control, etc., that are generally aligned with market practice). • Paid out in shares of • Dividend equivalents are accrued over the vesting period and paid when and if the RSUs vest (subject to the same vesting conditions as the underlying RSUs). | | ||||
| Retirement | | ||||||||||||
| U.S. Savings Plan (“Savings Plan”) | | | | • A tax-qualified 401(k)/profit sharing plan that allows U.S. participants to defer a portion of their compensation, up to U.S. Internal Revenue Code (“IRC”) and other limitations, and receive a • A discretionary profit sharing contribution of up to 8% of an eligible employee’s eligible pay (generally, base salary plus bonuses), within IRC limitations and based on | | | | • We provide a matching contribution of 100% on the first 5% of an employee’s eligible pay contributed to the Savings Plan, up to IRC limitations. • For | | ||||
| Supplemental Savings Plan | | | | • A non-qualified deferred compensation plan that • Also allows NEOs and certain other executives to defer up to an additional 60% of the amount of their AIP payment that is over the IRC 401(a)(17) limit and that is not matched by the | | | | • Matching and profit sharing contributions are notionally credited as | |
| Element | | | | Description and Purpose | | | | Comments | |||||
| ||||||||||||||
| Severance | | ||||||||||||
| Executive Severance Plan | | | | • Severance benefits provided to NEOs and certain other executives (currently • Facilitates recruitment and retention of NEOs and certain other executives by providing income security in the event of involuntary job loss. | | | | • Provides the CEO with: o 1.5 times base salary and target annual incentive upon an involuntary termination of employment without cause (unrelated to a change in control) o 2.5 times base salary and target annual incentive upon an involuntary termination of employment without cause or a “good reason” termination following a change in control. • Provides other executives, including the NEOs, other than the CEO with: o 1 times base salary and target annual incentive upon an involuntary termination of employment without cause (unrelated to a change in control) o 2 times base salary and target annual incentive upon an involuntary termination of employment without cause or a “good reason” termination following a change in control. | |
| Agilent Technologies, Inc. | | | | Illumina, Inc. | |
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| Biogen Inc. | | | | | |
| Boston Scientific Corporation | | | | | |
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| | | | Zimmer Biomet Holdings, Inc. | | |
| IDEXX Laboratories, Inc. | | | | | |
| | | | | | | | | | | | | | | | Pay Mix | | | | | | | | | | | | | | | | | Pay Mix | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NEO | | | | Base Salary | | | | Target Annual Cash Incentive | | | | Long-Term Equity Incentive | | | | Target Total Direct Compensation | | | | Base Salary | | | | Target Annual Incentive | | | | Long- Term Incentive | | NEO | | | | Base Salary | | | | Target Annual Cash Incentive | | | | Long-Term Equity Incentive | | | | Target Total Direct Compensation | | | | Base Salary | | | | Target Annual Incentive | | | | Long- Term Incentive | | ||||||||||||||||||||||||||||||||||||||||||
| Kristin C. Peck | | | | | $ | 1,100,000 | | | | | | $ | 1,320,000 | | | | | | $ | 7,580,000 | | | | | | $ | 10,000,000 | | | | | | | 11% | | | | | | | 13% | | | | | | | 76% | | | Kristin C. Peck | | | | | $ | 1,200,000 | | | | | | $ | 1,800,000 | | | | | | $ | 11,200,000 | | | | | | $ | 14,200,000 | | | | | | | 8% | | | | | | | 13% | | | | | | | 79% | | |
| Glenn C. David | | | | | $ | 725,000 | | | | | | $ | 580,000 | | | | | | $ | 2,550,000 | | | | | | $ | 3,855,000 | | | | | | | 19% | | | | | | | 15% | | | | | | | 66% | | | Wetteny Joseph | | | | | $ | 700,000 | | | | | | $ | 630,000 | | | | | | $ | 2,300,000 | | | | | | $ | 3,630,000 | | | | | | | 19% | | | | | | | 17% | | | | | | | 64% | | |
| Catherine A. Knupp | | | | | $ | 710,000 | | | | | | $ | 568,000 | | | | | | $ | 1,800,000 | | | | | | $ | 3,078,000 | | | | | | | 23% | | | | | | | 18% | | | | | | | 58% | | | Glenn C. David | | | | | $ | 725,000 | | | | | | $ | 652,500 | | | | | | $ | 2,772,500 | | | | | | $ | 4,150,000 | | | | | | | 17% | | | | | | | 16% | | | | | | | 67% | | |
| Roman Trawicki | | | | | $ | 675,000 | | | | | | $ | 540,000 | | | | | | $ | 1,300,000 | | | | | | $ | 2,515,000 | | | | | | | 27% | | | | | | | 21% | | | | | | | 52% | | | Heidi C. Chen | | | | | $ | 615,000 | | | | | | $ | 430,500 | | | | | | $ | 1,325,000 | | | | | | $ | 2,370,500 | | | | | | | 26% | | | | | | | 18% | | | | | | | 56% | | |
| Wafaa Mamilli | | | | | $ | 600,000 | | | | | | $ | 480,000 | | | | | | $ | 800,000 | | | | | | $ | 1,880,000 | | | | | | | 32% | | | | | | | 26% | | | | | | | 43% | | | Wafaa Mamilli | | | | | $ | 650,000 | | | | | | $ | 520,000 | | | | | | $ | 1,100,000 | | | | | | $ | 2,270,000 | | | | | | | 29% | | | | | | | 23% | | | | | | | 48% | | |
| | Our AIP utilizes a funded pool approach. An overall target AIP pool for the year is determined by adding together the target AIP payouts for each eligible employee, including the NEOs. The actual amount of the AIP pool for | | | | | |
| | | | 2022 Results | | | | Foreign Exchange Adjustments | | | | 2022 AIP Results | | | | 2022 AIP Target | | | | AIP Results as a Percent of Target | | ||||||||||||||||
| Revenue* | | | | | | $8,080 | | | | | | | $141 | | | | | | | $8,221 | | | | | | | $8,449 | | | | | | | 97% | | |
| Adjusted Diluted EPS | | | | | $ | 4.88 | | | | | | $ | 0.27 | | | | | | $ | 5.15 | | | | | | $ | 5.23 | | | | | | | 98% | | |
| Free Cash Flow* | | | | | $ | 1,326 | | | | | | $ | 125 | | | | | | $ | 1,451 | | | | | | $ | 1,844 | | | | | | | 79% | | |
| CEO | | |||
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Financial Achievements | | | We continue to create shareholder value through our consistently strong financial performance. We delivered our | | |
| Drive Innovative Growth | | | We delivered innovative solutions across the continuum of care by focusing our research and development in key opportunity areas. Zoetis has 15 blockbuster products each generating over $100 million in annual sales, representing more than one-third of the animal health industry. In 2022, we achieved over 200 approvals, including new product innovations and product lifecycle enhancements and geographic expansions around the world. For Companion Animals: • • Librela® was approved in several key markets globally for the alleviation of OA pain in dogs. • Updated labels for Simparica Trio® • • Introduced Cytopoint® injectable For Livestock: • • Gained U.S. approval for Valcor™, • Received expanded label approval in the U.S. for • Received market authorization in numerous international markets for Draxxin® KP to treat bovine respiratory disease • • Expanded our vaccine offering in the | |
| | | In 2022, we continued to work collaboratively and side by side with customers to ensure the delivery of innovations that keep animals healthy and productive: • By optimizing our supply chain, we largely managed through the scarcity of raw materials, labor shortages, transportation disruptions and changing customer demands due to the pandemic. • We • In China, we also expanded our biologics manufacturing facility in Suzhou and opened two reference laboratories in Shanghai and Beijing to expand our diagnostics services and help improve animal care for veterinarians. • In Ireland, we broke ground for an expansion at our facility in Tullamore to increase our capacity over time for producing veterinary monoclonal antibodies. • In Australia — a critical region for growth | | |
| Lead in Digital and Data | | | Zoetis is building data insights that • We acquired • We also acquired NewMetrica, which • We are also digitally enabling our sales force in more markets through artificial intelligence and predictive analytics that help our sales teams better understand and meet their customers’ needs. Capabilities that began in the U.S. are being adapted internationally to | |
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Cultivate a High-Performing Organization | | | We worked to engage and retain a high-performing • We • • | | |
| Champion a Healthier and More Sustainable Future | | | On many fronts, we championed a more sustainable future in 2022 in keeping with our purpose — from combatting diseases that pose the greatest risk to animals and people, to providing disaster relief, advancing the veterinary profession and improving our environmental footprint. This included our • • • • | |
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| | | Significantly improved forecasting accuracy and • • • | | |
| | | Oversaw the granting of nearly 450 patents globally in 2022, including in-licensed patents, and • • • • |
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| Wafaa Mamilli | | | • Launched the first phase of the Zoetis-wide Digital Fluency for All program with a new learning platform, reverse mentoring and data science forum enabling colleagues to increase their digital savviness and adopt more agile, nimble ways of working across the entire organization. • Leveraged Zoetis’ data and analytics platform to • | |
| NEO | | | | AIP Target Amount | | | | AIP Award % of Target | | | | AIP Award Paid | | NEO | | | | AIP Target Amount | | | | AIP Award % of Target | | | | AIP Award Paid | | ||||||||||||||||||
| Kristin C. Peck | | | | | $ | 1,320,000 | | | | | | | 116.0% | | | | | | $ | 1,531,200 | | | Kristin C. Peck | | | | | $ | 1,800,000 | | | | | | | 73% | | | | | | $ | 1,314,000 | | |
| Glenn C. David | | | | | $ | 580,000 | | | | | | | 116.0% | | | | | | $ | 672,800 | | | Wetteny Joseph | | | | | $ | 630,000 | | | | | | | 73% | | | | | | $ | 459,900 | | |
| Catherine A. Knupp | | | | | $ | 568,000 | | | | | | | 116.0% | | | | | | $ | 658,880 | | | Glenn C. David(a) | | | | | $ | 652,500 | | | | | | | 0% | | | | | | $ | 0 | | |
| Roman Trawicki | | | | | $ | 540,000 | | | | | | | 118.7% | | | | | | $ | 640,980 | | | Heidi C. Chen | | | | | $ | 430,500 | | | | | | | 73% | | | | | | $ | 314,265 | | |
| Wafaa Mamilli | | | | | $ | 480,000 | | | | | | | 116.6% | | | | | | $ | 559,680 | | | Wafaa Mamilli(b) | | | | | $ | 486,667 | | | | | | | 73% | | | | | | $ | 355,267 | | |
| | In | | | | | |
| Performance Award Units | | | | Objectives | |
| We award performance award units to enhance the alignment of executive pay with the value created for our shareholders. Performance award units provide executives with the right to receive shares of our stock after the end of the three-year performance vesting period. The number of shares paid, if any, is generally subject to continued employment (with exceptions for certain terminations of employment) and the | | | | • Align the interests of executives with those of shareholders over the performance vesting period • Retain executive talent, as performance awards provide an opportunity for higher rewards when the • Encourage stock ownership by delivering shares upon settlement in accordance with the | |
| The performance award unit vesting schedule is as follows: | | | | | |
| If the | | | | The number of shares of stock that will vest is: | |
| Below the 25th percentile of the S&P 500 Group | | | | Zero | |
| At the 25th percentile of the S&P 500 Group | | | | 50% of the target number of units | |
| At the 50th percentile of the S&P 500 Group | | | | 100% of the target number of units | |
| At or above the 75th percentile of the S&P 500 Group | | | | 200% of the target number of units | |
| The number of shares that vest and are paid is determined by linear interpolation when the | |
| Stock Options | | | | Objectives | |
| We view stock options as a form of long-term incentive that focuses and rewards executives for increasing our stock price. If the stock price does not increase from the level at the date of the grant, the stock options will have no value to the executives. | | | | • Encourage our executives to focus on decisions that will lead to increases in the stock price for the long term • Retain executive talent, since executives generally must remain with the | |
| Restricted Stock Units | | | | Objectives | |
| RSUs provide executives with the right to receive shares of our stock at the end of the three-year cliff-vesting period, generally subject to continued employment (with exceptions for certain terminations of employment). Dividend equivalents are | | | | • Align the interests of executives with those of shareholders over the vesting period • Retain executive talent • Encourage stock ownership by delivering shares upon settlement | |
| | | | | Value of Equity Awards: | | | | Number of Shares Underlying Awards: | | | | | | Value of Equity Awards: | | | | Number of Shares Underlying Awards: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NEO | | Total LTI Value | | | | Stock Options | | RSUs | | Performance Award Units | | | | Stock Options | | RSUs | | Performance Award Units | | NEO | | Total LTI Value | | | | Stock Options | | RSUs | | Performance Award Units | | | | Stock Options | | RSUs | | Performance Award Units | | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kristin C. Peck | | | $ | 7,580,000 | | | | | | $ | 1,895,000 | | | | $ | 1,895,000 | | | | $ | 3,790,000 | | | | | | | 55,866 | | | | | 13,156 | | | | | 17,426 | | | Kristin C. Peck | | | $ | 11,200,000 | | | | | | $ | 2,800,000 | | | | $ | 2,800,000 | | | | $ | 5,600,000 | | | | | | | 54,751 | | | | | 13,909 | | | | | 23,777 | | | ||||||||||
| Glenn C. David | | | $ | 2,550,000 | | | | | | $ | 637,500 | | | | $ | 637,500 | | | | $ | 1,275,000 | | | | | | | 18,794 | | | | | 4,426 | | | | | 5,682 | | | Wetteny Joseph | | | $ | 2,300,000 | | | | | | $ | 575,000 | | | | $ | 575,000 | | | | $ | 1,150,000 | | | | | | | 11,243 | | | | | 2,856 | | | | | 4,882 | | | ||||||||||
| Catherine A. Knupp | | | $ | 1,800,000 | | | | | | $ | 450,000 | | | | $ | 450,000 | | | | $ | 900,000 | | | | | | | 13,266 | | | | | 3,124 | | | | | 4,138 | | | Glenn C. David | | | $ | 2,772,500 | | | | | | $ | 693,125 | | | | $ | 693,125 | | | | $ | 1,386,250 | | | | | | | 13,553 | | | | | 3,443 | | | | | 5,885 | | | ||||||||||
| Roman Trawicki | | | $ | 1,300,000 | | | | | | $ | 325,000 | | | | $ | 325,000 | | | | $ | 650,000 | | | | | | | 9,581 | | | | | 2,256 | | | | | 2,988 | | | Heidi C. Chen | | | $ | 1,325,000 | | | | | | $ | 331,250 | | | | $ | 331,250 | | | | $ | 662,500 | | | | | | | 6,477 | | | | | 1,645 | | | | | 2,812 | | | ||||||||||
| Wafaa Mamilli* | | | $ | 800,000 | | | | | | $ | 200,000 | | | | $ | 200,000 | | | | $ | 400,000 | | | | | | | 5,896 | | | | | 1,388 | | | | | 1,839 | | | Wafaa Mamilli | | | $ | 1,100,000 | | | | | | $ | 275,000 | | | | $ | 275,000 | | | | $ | 550,000 | | | | | | | 5,377 | | | | | 1,366 | | | | | 2,335 | | |
| | | | | Severance (Base Salary) | | | | Continued Health and Life Insurance (at active employee cost) | | | | Annual Incentive | |
| Non-Change of Control Severance: | | | | | | | | | | | | | |
| CEO | | | | 18 months | | | | 12 months | | | | 1.5x target | |
| Other Participants | | | | 12 months | | | | 12 months | | | | 1x target | |
| Change of Control Severance: | | | | | | | | | | | | | |
| CEO | | | | 30 months | | | | 18 months | | | | 2.5x target | |
| Other Participants | | | | 24 months | | | | 18 months | | | | 2x target | |
| Name and Principal Position | | | | Year | | | | Salary ($) | | | | Bonus ($) | | | | Stock Awards(1) ($) | | | | Option Awards(2) ($) | | | | Non-Equity Incentive Plan Compensation(3) ($) | | | | All Other Compensation(4) ($) | | | | Total ($) | | ||||||||||||||||||||||||
| Kristin C. Peck Chief Executive Officer | | | | | | 2022 | | | | | | | 1,200,000 | | | | | | | | | | | | 8,399,841 | | | | | | | 2,799,966 | | | | | | | 1,314,000 | | | | | | | 289,733 | | | | | | | 14,003,540 | | | ||
| | | 2021 | | | | | | | 1,200,000 | | | | | | | | | | | | | | 6,929,797 | | | | | | | 2,309,970 | | | | | | | 2,340,000 | | | | | | | 318,724 | | | | | | | 13,098,491 | | | ||||
| | | 2020 | | | | | | | 1,100,000 | | | | | | | | | | | | | | 5,684,840 | | | | | | | 1,894,975 | | | | | | | 1,531,200 | | | | | | | 163,297 | | | | | | | 10,374,312 | | | ||||
| Wetteny Joseph Executive Vice President (“EVP”) and Chief Financial Officer | | | | | | 2022 | | | | | | | 700,000 | | | | | | | | | | | | | | 1,724,722 | | | | | | | 574,967 | | | | | | | 459,900 | | | | | | | 95,448 | | | | | | | 3,555,037 | | |
| | | 2021 | | | | | | | 393,750 | | | | | | | 2,000,000 | | | | | | | 5,099,927 | | | | | | | — | | | | | | | 472,500 | | | | | | | 43,641 | | | | | | | 8,009,818 | | | ||||
| Glenn C. David(5) EVP and Group President, U.S. Operations, Global Diagnostics and BioDevices | | | | | | 2022 | | | | | | | 725,000 | | | | | | | | | | | | | | 2,079,111 | | | | | | | 693,100 | | | | | | | — | | | | | | | 136,359 | | | | | | | 3,633,570 | | |
| | | 2021 | | | | | | | 725,000 | | | | | | | | | | | | | | 2,079,156 | | | | | | | 693,089 | | | | | | | 1,017,900 | | | | | | | 159,250 | | | | | | | 4,674,395 | | | ||||
| | | 2020 | | | | | | | 725,000 | | | | | | | | | | | | | | 1,912,403 | | | | | | | 637,492 | | | | | | | 672,800 | | | | | | | 130,378 | | | | | | | 4,078,073 | | | ||||
| Heidi C. Chen EVP, General Counsel and Corporate Secretary; Business Lead of Human Health Diagnostics | | | | | | 2022 | | | | | | | 615,000 | | | | | | | | | | | | | | 993,421 | | | | | | | 331,234 | | | | | | | 314,265 | | | | | | | 106,682 | | | | | | | 2,360,602 | | |
| | | 2021 | | | | | | | 615,000 | | | | | | | | | | | | | | 993,543 | | | | | | | 331,228 | | | | | | | 645,750 | | | | | | | 133,861 | | | | | | | 2,719,382 | | | ||||
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| Wafaa Mamilli(6) EVP, Chief Digital and Technology Officer and Group President for China, Brazil and Precision Animal Health | | | | | | 2022 | | | | | | | 608,333 | | | | | | | | | | | | | | 824,915 | | | | | | | 274,980 | | | | | | | 355,267 | | | | | | | 114,561 | | | | | | | 2,178,056 | | |
| | | 2021 | | | | | | | 600,000 | | | | | | | | | | | | | | 712,230 | | | | | | | 237,472 | | | | | | | 727,200 | | | | | | | 195,773 | | | | | | | 2,472,675 | | | ||||
| | | 2020 | | | | | | | 556,489 | | | | | | | 1,250,000 | | | | | | | 974,788 | | | | | | | 574,978 | | | | | | | 559,680 | | | | | | | 237,263 | | | | | | | 4,153,198 | | |
| Name | | | | Year | | | | Salary ($) | | | | Bonus ($) | | | | Stock Awards(1) ($) | | | | Option Awards(2) ($) | | | | Non-Equity Incentive Plan Compensation(3) ($) | | | | All Other Compensation(4) ($) | | | | Total ($) | | ||||||||||||||||||||||||
| Kristin C. Peck Chief Executive Officer | | | | | | 2020 | | | | | | | 1,100,000 | | | | | | | | | | | | | | 5,684,840 | | | | | | | 1,894,975 | | | | | | | 1,531,200 | | | | | | | 163,297 | | | | | | | 10,374,312 | | |
| | | 2019 | | | | | | | 690,000 | | | | | | | | | | | | | | 1,349,964 | | | | | | | 449,997 | | | | | | | 695,520 | | | | | | | 144,683 | | | | | | | 3,330,164 | | | ||||
| | | 2018 | | | | | | | 675,000 | | | | | | | | | | | | | | 999,930 | | | | | | | 499,986 | | | | | | | 734,400 | | | | | | | 129,608 | | | | | | | 3,038,924 | | | ||||
| Glenn C. David Executive Vice President and Chief Financial Officer | | | | | | 2020 | | | | | | | 725,000 | | | | | | | | | | | | | | 1,912,403 | | | | | | | 637,492 | | | | | | | 672,800 | | | | | | | 130,378 | | | | | | | 4,078,073 | | |
| | | 2019 | | | | | | | 690,000 | | | | | | | | | | | | | | 1,612,477 | | | | | | | 537,487 | | | | | | | 695,520 | | | | | | | 136,866 | | | | | | | 3,672,350 | | | ||||
| | | 2018 | | | | | | | 626,250 | | | | | | | | | | | | | | 1,066,567 | | | | | | | 533,323 | | | | | | | 691,380 | | | | | | | 117,651 | | | | | | | 3,035,171 | | | ||||
| Catherine A. Knupp Executive Vice President and President of Research and Development | | | | | | 2020 | | | | | | | 710,000 | | | | | | | | | | | | | | 1,349,924 | | | | | | | 449,983 | | | | | | | 658,880 | | | | | | | 137,097 | | | | | | | 3,305,884 | | |
| | | 2019 | | | | | | | 690,000 | | | | | | | | | | | | | | 1,349,964 | | | | | | | 449,997 | | | | | | | 678,960 | | | | | | | 142,301 | | | | | | | 3,311,222 | | | ||||
| | | 2018 | | | | | | | 626,250 | | | | | | | | | | | | | | 999,930 | | | | | | | 499,986 | | | | | | | 676,350 | | | | | | | 121,425 | | | | | | | 2,923,941 | | | ||||
| Roman Trawicki(5) Executive Vice President and President of Global Manufacturing and Supply | | | | | | 2020 | | | | | | | 675,000 | | | | | | | | | | | | | | 974,792 | | | | | | | 324,988 | | | | | | | 640,980 | | | | | | | 874,470 | | | | | | | 3,490,230 | | |
| Wafaa Mamilli(6) Executive Vice President and Chief Information and Digital Officer | | | | | | 2020 | | | | | | | 556,489 | | | | | | | 1,250,000 | | | | | | | 974,788 | | | | | | | 574,978 | | | | | | | 559,680 | | | | | | | 237,263 | | | | | | | 4,153,198 | | |
| | | | Performance Award Unit Grants in 2020 | | | | | Performance Award Unit Grants in 2022 | | ||||||||||||||||||||||
| Name | | | | Grant Date Target Payout $ | | | | Maximum Value at Grant Date $ | | Name | | | | Grant date target payout $ | | | | Maximum Value at Grant Date $ | | ||||||||||||
| Kristin C. Peck | | | | | | 3,789,981 | | | | | | | 7,579,962 | | | Kristin C. Peck | | | | | | 5,599,959 | | | | | | | 11,199,918 | | |
| Glenn C. David | | | | | | 1,274,926 | | | | | | | 2,549,852 | | | Wetteny Joseph | | | | | | 1,149,809 | | | | | | | 2,299,618 | | |
| Catherine A. Knupp | | | | | | 899,974 | | | | | | | 1,799,948 | | | Glenn C. David | | | | | | 1,386,035 | | | | | | | 2,772,070 | | |
| Roman Trawicki | | | | | | 649,860 | | | | | | | 1,299,720 | | | Heidi C. Chen | | | | | | 662,282 | | | | | | | 1,324,564 | | |
| Wafaa Mamilli | | | | | | 399,964 | | | | | | | 799,928 | | | Wafaa Mamilli | | | | | | 549,939 | | | | | | | 1,099,878 | | |
| Name | | | | Company Contributions to Defined Contribution Plans (i)($) | | | | Company Contributions Under the Zoetis Supplemental Savings Plan (ii)($) | | | | International Assignment (iii)($) | | | | Relocation (iv)($) | | | | Other (v)($) | | | | All Other Compensation ($) | | Name | | | | Company Contributions to Defined Contribution Plan (i)($) | | | | Company Contributions Under the Zoetis Supplemental Savings Plan (ii)($) | | | | Relocation (iii) ($) | | | | Other (iv)($) | | | | All Other Compensation ($) | | |||||||||||||||||||||||||||||||||
| Kristin C. Peck | | | | | | 25,650 | | | | | | | 134,953 | | | | | | | — | | | | | | | — | | | | | | | 2,694 | | | | | | | 163,297 | | | Kristin C. Peck | | | | | | 24,400 | | | | | | | 258,800 | | | | | | | — | | | | | | | 6,533 | | | | | | | 289,733 | | |
| Glenn C. David | | | | | | 25,650 | | | | | | | 102,112 | | | | | | | — | | | | | | | — | | | | | | | 2,616 | | | | | | | 130,378 | | | Wetteny Joseph | | | | | | 24,400 | | | | | | | 69,323 | | | | | | | — | | | | | | | 1,725 | | | | | | | 95,448 | | |
| Catherine A. Knupp | | | | | | 25,650 | | | | | | | 100,798 | | | | | | | — | | | | | | | — | | | | | | | 10,649 | | | | | | | 137,097 | | | Glenn C. David | | | | | | 17,381 | | | | | | | 115,032 | | | | | | | — | | | | | | | 3,946 | | | | | | | 136,359 | | |
| Roman Trawicki | | | | | | 95,330 | | | | | | | — | | | | | | | 779,032 | | | | | | | — | | | | | | | 108 | | | | | | | 874,470 | | | Heidi C. Chen | | | | | | 24,400 | | | | | | | 76,461 | | | | | | | — | | | | | | | 5,821 | | | | | | | 106,682 | | |
| Wafaa Mamilli | | | | | | 25,650 | | | | | | | 135,450 | | | | | | | — | | | | | | | 74,762 | | | | | | | 1,401 | | | | | | | 237,263 | | | Wafaa Mamilli | | | | | | 24,400 | | | | | | | 82,299 | | | | | | | 2,134 | | | | | | | 5,728 | | | | | | | 114,561 | | |
| | | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | | | All Other Option Awards: Number of Securities Underlying Options (#) | | | | Exercise or Base Price of Option Awards(3) ($/Sh) | | | | Grant Date Fair Value of Stock and Option Awards(4) ($) | | | | | | | | | | | Estimated Future Payouts Under Non-Equity Incentive Plan Awards(1) | | | | Estimated Future Payouts Under Equity Incentive Plan Awards(2) | | | | All Other Stock Awards: Number of Shares of Stock or Units (#) | | | | All Other Option Awards: Number of Securities Underlying Options (#) | | | | Exercise or Base Price of Option Awards(3) ($/Sh) | | | | Grant Date Fair Value of Stock and Option Awards(4) ($) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | | Award | | | | Grant Date | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | Name | | | | Award | | | | Grant Date | | | | Threshold ($) | | | | Target ($) | | | | Maximum ($) | | | | Threshold (#) | | | | Target (#) | | | | Maximum (#) | | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Kristin C. Peck | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 1,320,000 | | | | | | | 2,640,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kristin C. Peck | | | | Annual Incentive | | | | | | | | | | | 0 | | | | | | | 1,800,000 | | | | | | | 3,600,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||||||||||
| | | | | Stock Options(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 55,866 | | | | | | | 144.03 | | | | | | | 1,894,975 | | | | Stock Options(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 54,751 | | | | | | | 201.30 | | | | | | | 2,799,966 | | | |||
| | | | | Restricted Stock Units(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,156 | | | | | | | | | | | | | | | | | | | | | 1,894,859 | | | | Restricted Stock Units(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,909 | | | | | | | | | | | | | | | | | | | | | 2,799,882 | | | |||
| | | | | Performance Award Units(6) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 17,426 | | | | | | | 34,852 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,789,981 | | | | Performance Award Units(6) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 23,777 | | | | | | | 47,554 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,599,959 | | | |||
| Glenn C. David | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 580,000 | | | | | | | 1,160,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Wetteny Joseph | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 630,000 | | | | | | | 1,260,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Stock Options(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 18,794 | | | | | | | 144.03 | | | | | | | 637,492 | | | | Stock Options(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 11,243 | | | | | | | 201.30 | | | | | | | 574,967 | | | |||
| | | | | Restricted Stock Units(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 4,426 | | | | | | | | | | | | | | | | | | | | | 637,477 | | | | Restricted Stock Units(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,856 | | | | | | | | | | | | | | | | | | | | | 574,913 | | | |||
| | | | | Performance Award Units(6) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 5,862 | | | | | | | 11,724 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,274,926 | | | | Performance Award Units(6) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 4,882 | | | | | | | 9,764 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,149,809 | | | |||
| Catherine A. Knupp | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 568,000 | | | | | | | 1,136,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Glenn C. David | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 652,500 | | | | | | | 1,305,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Stock Options(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,266 | | | | | | | 144.03 | | | | | | | 449,983 | | | | Stock Options(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 13,553 | | | | | | | 201.30 | | | | | | | 693,100 | | | |||||||
| Restricted Stock Units(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,124 | | | | | | | | | | | | | | | | | | | | | 449,950 | | | | Restricted Stock Units(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,443 | | | | | | | | | | | | | | | | | | | | | 693,076 | | | |||||||
| Performance Award Units(6) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 4,138 | | | | | | | 8,276 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 899,974 | | | | Performance Award Units(6) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 5,885 | | | | | | | 11,770 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,386,035 | | | |||||||
| Roman Trawicki | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 540,000 | | | | | | | 1,080,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Heidi C. Chen | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 430,500 | | | | | | | 861,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Stock Options(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | �� | | | | | | | | | | | | | | | | | | 9,581 | | | | | | | 144.03 | | | | | | | 324,988 | | | | Stock Options(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6,477 | | | | | | | 201.30 | | | | | | | 331,234 | | | |||
| | | | | Restricted Stock Units(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2,256 | | | | | | | | | | | | | | | | | | | | | 324,932 | | | | Restricted Stock Units(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,645 | | | | | | | | | | | | | | | | | | | | | 331,139 | | | |||
| | | | | Performance Award Units(6) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 2,988 | | | | | | | 5,976 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 649,860 | | | | Performance Award Units(6) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 2,812 | | | | | | | 5,624 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 662,282 | | | |||
| Wafaa Mamilli | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 480,000 | | | | | | | 960,000 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Wafaa Mamilli | | | | Annual Incentive | | | | | | | | | | | | | 0 | | | | | | | 486,667 | | | | | | | 973,334 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | Stock Options(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16,951 | | | | | | | 144.03 | | | | | | | 574,978 | | | | Stock Options(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,377 | | | | | | | 201.30 | | | | | | | 274,980 | | | |||
| | | | | Restricted Stock Units(5) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 3,991 | | | | | | | | | | | | | | | | | | | | | 574,824 | | | | Restricted Stock Units(5) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1,366 | | | | | | | | | | | | | | | | | | | | | 274,976 | | | |||
| | | | | Performance Award Units(6) | | | | | | 2/11/2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 1,839 | | | | | | | 3,678 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 399,964 | | | | Performance Award Units(6) | | | | | | 2/8/2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | 2,335 | | | | | | | 4,670 | | | | | | | | | | | | | | | | | | | | | | | | | | | | 549,939 | | |
| | | | | | | Option Awards | | | | Stock Awards | | | | | | | | Option Awards | | | | Stock Awards | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | | Grant Date | | | | Number of Securities Underlying Unexercised Options Exercisable (#) | | | | Number of Securities Underlying Unexercised Options Unexercisable (#)(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(1)(2) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(3) | | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights that That Have Not Vested (#)(2)(4) | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | Name | | | | Grant Date | | | | Number of Securities Underlying Unexercised Options Exercisable (#) | | | | Number of Securities Underlying Unexercised Options Unexercisable (#)(1) | | | | Option Exercise Price ($) | | | | Option Expiration Date | | | | Number of Shares or Units of Stock That Have Not Vested (#)(1)(2) | | | | Market Value of Shares or Units of Stock That Have Not Vested ($)(3) | | | | Equity Incentive Plan Awards: Number of Unearned Shares, Units, or Other Rights that That Have Not Vested (#)(1)(2)(4) | | | | Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($)(3) | | ||||||||||||||||||||||||||||||||||||||||||
| Kristin C. Peck | | | | 3/4/2014 | | | | | | 63,036 | | | | | | | — | | | | | | | 30.89 | | | | | 3/3/2024 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Kristin C. Peck | | | | 2/27/2015 | | | | | | 37,132 | | | | | | | — | | | | | | | 46.09 | | | | | 2/26/2025 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | | | 2/27/2015 | | | | | | 37,132 | | | | | | | — | | | | | | | 46.09 | | | | | 2/26/2025 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | 2/19/2016 | | | | | | 35,250 | | | | | | | — | | | | | | | 41.83 | | | | | 2/18/2026 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |||
| | | | | 2/19/2016 | | | | | | 40,214 | | | | | | | — | | | | | | | 41.83 | | | | | 2/18/2026 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | 2/14/2017 | | | | | | 32,634 | | | | | | | — | | | | | | | 55.02 | | | | | 2/13/2027 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |||
| | | | | 2/14/2017 | | | | | | 32,634 | | | | | | | — | | | | | | | 55.02 | | | | | 2/13/2027 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | 2/13/2018 | | | | | | 24,642 | | | | | | | — | | | | | | | 73.24 | | | | | 2/12/2028 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |||
| | | | | 2/13/2018 | | | | | | — | | | | | | | 24,642 | | | | | | | 73.24 | | | | | 2/12/2028 | | | | | | 17,068(5) | | | | | | | 2,824,754 | | | | | | | — | | | | | | | — | | | | 2/12/2019 | | | | | | 20,661 | | | | | | | — | | | | | | | 87.51 | | | | | 2/11/2029 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | |||
| | | | | 2/12/2019 | | | | | | — | | | | | | | 20,661 | | | | | | | 87.51 | | | | | 2/11/2029 | | | | | | 5,194 | | | | | | | 859,607 | | | | | | | 17,910 | | | | | | | 2,964,105 | | | | 2/11/2020 | | | | | | — | | | | | | | 55,866 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 29,916(5) | | | | | | | 4,384,190 | | | | | | | — | | | | | | | — | | | |||
| | | | | 2/11/2020 | | | | | | — | | | | | | | 55,866 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 13,211 | | | | | | | 2,186,421 | | | | | | | 34,996 | | | | | | | 5,791,838 | | | | 2/10/2021 | | | | | | — | | | | | | | 61,078 | | | | | | | 160.62 | | | | | 2/9/2031 | | | | | | 14,543 | | | | | | | 2,131,277 | | | | | | | 22,374 | | | | | | | 3,278,910 | | | |||
| Glenn C. David | | | | 2/27/2015 | | | | | | 7,712 | | | | | | | — | | | | | | | 46.09 | | | | | 2/26/2025 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | 2/8/2022 | | | | | | — | | | | | | | 54,751 | | | | | | | 201.30 | | | | | 2/8/2032 | | | | | | 13,988 | | | | | | | 2,049,941 | | | | | | | 23,912 | | | | | | | 3,504,304 | | | |||
| | | | | 2/13/2018 | | | | | | — | | | | | | | 26,285 | | | | | | | 73.24 | | | | | 2/12/2028 | | | | | | 18,205(5) | | | | | | | 3,012,928 | | | | | | | — | | | | | | | — | | | Wetteny Joseph | | | | 6/30/2021 | | | | | | — | | | | | | | — | | | | | | | — | | | | | — | | | | | | 27633 | | | | | | | 4,049,616 | | | | | | | — | | | | | | | — | | |
| | | | | 2/12/2019 | | | | | | — | | | | | | | 24,678 | | | | | | | 87.51 | | | | | 2/11/2029 | | | | | | 6,204 | | | | | | | 1,026,762 | | | | | | | 21,392 | | | | | | | 3,540,376 | | | | 2/8/2022 | | | | | | — | | | | | | | 11,243 | | | | | | | 201.30 | | | | | 2/8/2032 | | | | | | 2,872 | | | | | | | 420,892 | | | | | | | 4,910 | | | | | | | 719,561 | | | |||
| | | | | 2/11/2020 | | | | | | — | | | | | | | 18,794 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 4,444 | | | | | | | 735,482 | | | | | | | 11,772 | | | | | | | 1,948,266 | | | Glenn C. David | | | | 2/11/2020 | | | | | | — | | | | | | | 18,794 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 10,064(5) | | | | | | | 1,474,879 | | | | | | | — | | | | | | | — | | |
| Catherine A. Knupp | | | | 2/14/2017 | | | | | | 32,634 | | | | | | | — | | | | | | | 55.02 | | | | | 2/13/2027 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | 2/10/2021 | | | | | | — | | | | | | | 18,326 | | | | | | | 160.62 | | | | | 2/9/2031 | | | | | | 4,363 | | | | | | | 639,398 | | | | | | | 6,713 | | | | | | | 983,790 | | | |||
| | | | | 2/13/2018 | | | | | | — | | | | | | | 24,642 | | | | | | | 73.24 | | | | | 2/12/2028 | | | | | | 17,068(5) | | | | | | | 2,824,754 | | | | | | | — | | | | | | | — | | | | 2/8/2022 | | | | | | — | | | | | | | 13,553 | | | | | | | 201.30 | | | | | 2/8/2032 | | | | | | 3,463 | | | | | | | 507,503 | | | | | | | 5,919 | | | | | | | 867,429 | | | |||
| | | | | 2/12/2019 | | | | | | — | | | | | | | 20,661 | | | | | | | 87.51 | | | | | 2/11/2029 | | | | | | 5,194 | | | | | | | 859,607 | | | | | | | 17,910 | | | | | | | 2,964,105 | | | Heidi C. Chen | | | | 2/12/2019 | | | | | | 14,921 | | | | | | | — | | | | | | | 87.51 | | | | | 2/11/2029 | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| | | | | 2/11/2020 | | | | | | — | | | | | | | 13,266 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 3,137 | | | | | | | 519,174 | | | | | | | 8,310 | | | | | | | 1,375,305 | | | | 2/11/2020 | | | | | | — | | | | | | | 9,581 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 5,130(5) | | | | | | | 751,802 | | | | | | | — | | | | | | | — | | | |||
| Roman Trawicki | | | | 2/13/2018 | | | | | | — | | | | | | | 13,142 | | | | | | | 73.24 | | | | | 2/12/2028 | | | | | | 9,102(5) | | | | | | | 1,506,381 | | | | | | | — | | | | | | | — | | | | 2/10/2021 | | | | | | — | | | | | | | 8,758 | | | | | | | 160.62 | | | | | 02/09/31 | | | | | | 2,085 | | | | | | | 305,557 | | | | | | | 3,208 | | | | | | | 470,132 | | | |||
| | | | | 2/12/2019 | | | | | | — | | | | | | | 13,774 | | | | | | | 87.51 | | | | | 2/11/2029 | | | | | | 3,462 | | | | | | | 572,961 | | | | | | | 11,938 | | | | | | | 1,975,739 | | | | 2/8/2022 | | | | | | — | | | | | | | 6,477 | | | | | | | 201.30 | | | | | 2/8/2032 | | | | | | 1,654 | | | | | | | 242,394 | | | | | | | 2,828 | | | | | | | 414,443 | | | |||
| | | | | 2/11/2020 | | | | | | — | | | | | | | 9,581 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 2,265 | | | | | | | 374,858 | | | | | | | 6,000 | | | | | | | 993,000 | | | Wafaa Mamilli | | | | 2/11/2020 | | | | | | — | | | | | | | 16,951 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 4,246(5) | | | | | | | 622,251 | | | | | | | — | | | | | | | — | | |
| Wafaa Mamilli | | | | 2/11/2020 | | | | | | — | | | | | | | 16,951 | | | | | | | 144.03 | | | | | 2/10/2030 | | | | | | 4,008 | | | | | | | 663,324 | | | | | | | 3,694 | | | | | | | 611,357 | | | | 2/10/2021 | | | | | | — | | | | | | | 6,279 | | | | | | | 160.62 | | | | | 2/9/2031 | | | | | | 1,495 | | | | | | | 219,092 | | | | | | | 2,300 | | | | | | | 337,065 | | | |||
| | 2/8/2022 | | | | | | — | | | | | | | 5,377 | | | | | | | 201.30 | | | | | 2/8/2032 | | | | | | 1,374 | | | | | | | 201,360 | | | | | | | 2,348 | | | | | | | 344,099 | | |
| Name | | | | RSU Awards | | | | Earned Performance Award Units | | | | Total Number of Units that Have Not Vested | | Name | | | | RSU Awards | | | | Earned Performance award units | | | | Total Number of Units that Have Not Vested | | ||||||||||||||||||
| Kristin C. Peck | | | | | | 6,938 | | | | | | | 10,130 | | | | | | | 17,068 | | | Kristin C. Peck | | | | | | 13,380 | | | | | | | 16,536 | | | | | | | 29,916 | | |
| Glenn C. David | | | | | | 7,401 | | | | | | | 10,804 | | | | | | | 18,205 | | | Wetteny Joseph | | | | | | — | | | | | | | — | | | | | | | — | | |
| Catherine A. Knupp | | | | | | 6,938 | | | | | | | 10,130 | | | | | | | 17,068 | | | Glenn C. David | | | | | | 4,501 | | | | | | | 5,563 | | | | | | | 10,064 | | |
| Roman Trawicki | | | | | | 3,700 | | | | | | | 5,402 | | | | | | | 9,102 | | | Heidi C. Chen | | | | | | 2,294 | | | | | | | 2,836 | | | | | | | 5,130 | | |
| Wafaa Mamilli | | | | | | 2,501 | | | | | | | 1,745 | | | | | | | 4,246 | | |
| | | | Option Awards | | | | RSU Awards | | | | Performance Award Units(1) | | | | | Option Awards | | | | RSU Awards | | | | Performance Award Units(1) | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Name | | | | Number of Shares Acquired on Exercise (#) | | | | Value Realized on Exercise ($)(2) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(3) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(3) | | Name | | | | Number of Shares Acquired on Exercise (#) | | | | Value Realized on Exercise ($)(2) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(3) | | | | Number of Shares Acquired on Vesting (#) | | | | Value Realized on Vesting ($)(3) | | ||||||||||||||||||||||||||||||||||||
| Kristin C. Peck | | | | | | 26,000 | | | | | | | 3,073,211 | | | | | | | 8,643 | | | | | | | 1,246,061 | | | | | | | 12,804 | | | | | | | 1,845,953 | | | Kristin C. Peck | | | | | | 20,000 | | | | | | | 3,050,826 | | | | | | | 5,230 | | | | | | | 1,040,090 | | | | | | | 18,036 | | | | | | | 3,586,819 | | |
| Glenn C. David | | | | | | 43,778 | | | | | | | 3,812,622 | | | | | | | 8,643 | | | | | | | 1,246,061 | | | | | | | 12,804 | | | | | | | 1,845,953 | | | Wetteny Joseph(4) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Catherine A. Knupp | | | | | | — | | | | | | | — | | | | | | | 8,643 | | | | | | | 1,246,061 | | | | | | | 12,804 | | | | | | | 1,845,953 | | | Glenn C. David | | | | | | 32,390 | | | | | | | 3,634,977 | | | | | | | 6,247 | | | | | | | 1,242,341 | | | | | | | 21,543 | | | | | | | 4,284,256 | | |
| Roman Trawicki | | | | | | 16,317 | | | | | | | 1,454,766 | | | | | | | 4,321 | | | | | | | 622,959 | | | | | | | 6,402 | | | | | | | 922,976 | | | Heidi C. Chen | | | | | | — | | | | | | | — | | | | | | | 3,776 | | | | | | | 750,933 | | | | | | | 13,025 | | | | | | | 2,590,282 | | |
| Wafaa Mamilli(4) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Wafaa Mamilli(4) | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Name | | | | Plan | | | | Aggregate Balance at January 1, 2020(1) ($) | | | | Executive Contributions in 2020(2) ($) | | | | Company Contributions in 2020(3) ($) | | | | Aggregate Earnings in 2020(4) ($) | | | | Aggregate Balance as of December 31, 2020 ($) | | Name | | | | Plan | | | | Aggregate Balance at January 1, 2022(1) ($) | | | | Executive Contributions in 2022(2) ($) | | | | Company Contributions in 2022(3) ($) | | | | Aggregate Earnings in 2022(4) ($) | | | | Aggregate Balance as of December 31, 2022 ($) | | ||||||||||||||||||||||||||||||
| Kristin C. Peck | | | | Zoetis Supplemental Savings Plan | | | | | | 2,647,967 | | | | | | | 74,974 | | | | | | | 134,953 | | | | | | | 539,594 | | | | | | | 3,397,488 | | | Kristin C. Peck | | | | Zoetis Supplemental Savings Plan | | | | | | 5,153,956 | | | | | | | 161,750 | | | | | | | 258,800 | | | | | | | (1,474,017) | | | | | | | 4,100,489 | | |
| Glenn C. David | | | | Zoetis Supplemental Savings Plan | | | | | | 1,735,317 | | | | | | | 160,304 | | | | | | | 102,112 | | | | | | | 429,113 | | | | | | | 2,426,846 | | | Wetteny Joseph | | | | Zoetis Supplemental Savings Plan | | | | | | 640,106 | | | | | | | 440,654 | | | | | | | 69,323 | | | | | | | 9,149 | | | | | | | 1,159,232 | | |
| Catherine A. Knupp | | | | Zoetis Supplemental Savings Plan | | | | | | 2,972,173 | | | | | | | 335,994 | | | | | | | 100,798 | | | | | | | 508,329 | | | | | | | 3,917,294 | | | Glenn C. David | | | | Zoetis Supplemental Savings Plan | | | | | | 3,519,882 | | | | | | | 190,636 | | | | | | | 115,032 | | | | | | | (1,016,628) | | | | | | | 2,808,923 | | |
| Roman Trawicki(5) | | | | Zoetis Supplemental Savings Plan | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Heidi C. Chen | | | | Zoetis Supplemental Savings Plan | | | | | | 3,052,624 | | | | | | | 264,281 | | | | | | | 76,461 | | | | | | | (760,209) | | | | | | | 2,633,157 | | |
| Wafaa Mamilli(6) | | | | Zoetis Supplemental Savings Plan | | | | | | — | | | | | | | 150,500 | | | | | | | 135,450 | | | | | | | 36,681 | | | | | | | 322,631 | | | Wafaa Mamilli | | | | Zoetis Supplemental Savings Plan | | | | | | 1,004,789 | | | | | | | 582,057 | | | | | | | 82,299 | | | | | | | (277,754) | | | | | | | 1,391,391 | | |
| Name | | | | Description | | | | Without Cause: Apart from a Restructuring Event or CIC ($) | | | | Without Cause: Restructuring Event ($) | | | | Without Cause or for Good Reason Upon or Within 24 Months Following a CIC ($) | | | | Death or Disability ($) | | | | Retirement ($) | | |||||||||||||||
| Kristin C. Peck | | | | Severance | | | | | | 3,630,000(1) | | | | | | | 3,630,000(1) | | | | | | | 6,050,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 13,258(2) | | | | | | | 13,258(2) | | | | | | | 19,886(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | —(4) | | | | | | | 10,768,024(5) | | | | | | | 15,333,048(8) | | | | | | | 15,333,048(9) | | | | | | | — | | | ||||
| Total | | | | | | 3,661,633 | | | | | | | 14,429,657 | | | | | | | 21,421,309 | | | | | | | 15,333,048 | | | | | | | — | | | ||||
| Glenn C. David | | | | Severance | | | | | | 1,305,000(1) | | | | | | | 1,305,000(1) | | | | | | | 2,610,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 12,534(2) | | | | | | | 12,534(2) | | | | | | | 18,801(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | —(4) | | | | | | | 9,906,466(5) | | | | | | | 12,272,949(8) | | | | | | | 12,272,949(9) | | | | | | | — | | | ||||
| Total | | | | | | 1,335,909 | | | | | | | 11,242,375 | | | | | | | 14,920,125 | | | | | | | 12,272,949 | | | | | | | — | | | ||||
| Catherine A. Knupp | | | | Severance | | | | | | 1,278,000(1) | | | | | | | 1,278,000(1) | | | | | | | 2,556,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 23,345(2) | | | | | | | 23,345(2) | | | | | | | 35,017(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | 8,066,128(4) | | | | | | | 8,707,722(5) | | | | | | | 10,542,914(8) | | | | | | | 10,542,914(9) | | | | | | | 8,066,128(10) | | | ||||
| Total | | | | | | 9,385,848 | | | | | | | 10,027,442 | | | | | | | 13,152,306 | | | | | | | 10,542,914 | | | | | | | 8,066,128 | | | ||||
| Roman Trawicki | | | | Severance | | | | | | 1,215,000(1) | | | | | | | 1,215,000(1) | | | | | | | 2,430,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 24,494(2) | | | | | | | 24,494(2) | | | | | | | 36,741(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | —(4) | | | | | | | 5,175,720(5) | | | | | | | 6,431,144(8) | | | | | | | 6,431,144(9) | | | | | | | — | | | ||||
| Total | | | | | | 1,257,869 | | | | | | | 6,433,589 | | | | | | | 8,916,260 | | | | | | | 6,431,144 | | | | | | | — | | | ||||
| Wafaa Mamilli | | | | Severance | | | | | | 1,080,000(1) | | | | | | | 1,080,000(1) | | | | | | | 2,160,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 22,245(2) | | | | | | | 22,245(2) | | | | | | | 33,368(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | —(4) | | | | | | | 650,358(5) | | | | | | | 1,332,816(8) | | | | | | | 1,332,816(9) | | | | | | | — | | | ||||
| Total | | | | | | 1,120,620 | | | | | | | 1,770,978 | | | | | | | 3,544,559 | | | | | | | 1,332,816 | | | | | | | — | | |
| Name* | | | | Description | | | | Without Cause: Apart from a Restructuring Event or CIC ($) | | | | Without Cause: Restructuring Event ($) | | | | Without Cause or for Good Reason Upon or Within 24 Months Following a CIC ($) | | | | Death or Disability ($) | | | | Voluntary Termination/ Retirement ($) | | |||||||||||||||
| Kristin C. Peck | | | | Severance | | | | | | 4,500,000(1) | | | | | | | 4,500,000(1) | | | | | | | 7,500,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 15,810(2) | | | | | | | 15,810(2) | | | | | | | 23,715(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | —(4) | | | | | | | 9,413,257(5) | | | | | | | 15,489,429(8) | | | | | | | 15,489,429(9) | | | | | | | — | | | ||||
| Total | | | | | | 4,534,185 | | | | | | | 13,947,442 | | | | | | | 23,031,519 | | | | | | | 15,489,429 | | | | | | | — | | | ||||
| Wetteny Joseph | | | | Severance Amount | | | | | | 1,330,000(1) | | | | | | | 1,330,000(1) | | | | | | | 2,660,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 25,675(2) | | | | | | | 25,675(2) | | | | | | | 38,512(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | 1,111,622(4) | | | | | | | 2,922,520(5) | | | | | | | 5,190,071(8) | | | | | | | 5,190,071(9) | | | | | | | 1,111,622(10) | | | ||||
| Total | | | | | | 2,485,672 | | | | | | | 4,296,570 | | | | | | | 7,906,958 | | | | | | | 5,190,071 | | | | | | | 1,111,622 | | | ||||
| Heidi C. Chen | | | | Severance | | | | | | 1,045,500(1) | | | | | | | 1,045,500(1) | | | | | | | 2,091,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 25,497(2) | | | | | | | 25,497(2) | | | | | | | 38,245(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | 1,235,178(4) | | | | | | | 1,430,569(5) | | | | | | | 2,208,480(8) | | | | | | | 2,208,480(9) | | | | | | | 1,235,178(10) | | | ||||
| Total | | | | | | 2,324,550 | | | | | | | 2,519,941 | | | | | | | 4,356,100 | | | | | | | 2,208,480 | | | | | | | 1,235,178 | | | ||||
| Wafaa Mamilli | | | | Severance Amount | | | | | | 1,170,000(1) | | | | | | | 1,170,000(1) | | | | | | | 2,340,000(6) | | | | | | | — | | | | | | | — | | |
| Benefits Continuation | | | | | | 26,257(2) | | | | | | | 26,257(2) | | | | | | | 39,385(7) | | | | | | | — | | | | | | | — | | | ||||
| Outplacement Services | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | 18,375(3) | | | | | | | — | | | | | | | — | | | ||||
| Equity Acceleration | | | | | | —(4) | | | | | | | 1,372,812(5) | | | | | | | 1,994,796(8) | | | | | | | 1,994,796(9) | | | | | | | — | | | ||||
| Total | | | | | | 1,214,632 | | | | | | | 2,587,444 | | | | | | | 4,392,556 | | | | | | | 1,994,796 | | | | | | | — | | |
(1) | These amounts represent severance payable under the Zoetis Executive Severance Plan, equal to 18 months of base salary and target |
| | | | Summary Compensation Table (SCT) Total for CEO(1) ($) | | | | Compensation Actually Paid (CAP) to CEO(1)(2) ($) | | | | Average SCT Total for Other NEOs(1) ($) | | | | Average CAP to Other NEOs(1)(3) ($) | | | | Value of Initial Fixed $100 Investment Based On: | | | | Net Income ($ in millions) | | | | Revenue (Company Selected Measure) ($ in millions) | | |||||||||||||||||||||||||||||
| Year | | | | Zoetis TSR ($) | | | | S&P 500 Pharmaceuticals Index TSR ($) | | | |||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | | | | | | 14,003,540 | | | | | | | (15,709,790) | | | | | | | 2,931,816 | | | | | | | (3,076,052) | | | | | | | 112.80 | | | | | | | 146.65 | | | | | | | 2,114 | | | | | | | 8,080 | | |
| 2021 | | | | | | 13,098,491 | | | | | | | 33,519,679 | | | | | | | 4,455,516 | | | | | | | 10,261,897 | | | | | | | 186.46 | | | | | | | 135.22 | | | | | | | 2,037 | | | | | | | 7,776 | | |
| 2020 | | | | | | 10,374,312 | | | | | | | 15,564,796 | | | | | | | 3,756,846 | | | | | | | 6,519,899 | | | | | | | 125.76 | | | | | | | 107.52 | | | | | | | 1,638 | | | | | | | 6,675 | | |
| | | | SCT Total | | | | Deductions from SCT Total(i) | | | | Additions to SCT Total(ii) | | | | Compensation Actually Paid | | ||||||||||||||||||||
| Year | | | | Stock Awards | | | | Options Awards | | | ||||||||||||||||||||||||||
| 2022 | | | | | $ | 14,003,540 | | | | | | ($ | 8,399,841.00) | | | | | | ($ | 2,799,966.00) | | | | | | ($ | 18,513,523) | | | | | | ($ | 15,709,790) | | |
| 2021 | | | | | $ | 13,098,491 | | | | | | ($ | 6,929,797.00) | | | | | | ($ | 2,309,970.00) | | | | | | $ | 29,660,955 | | | | | | $ | 33,519,679 | | |
| 2020 | | | | | $ | 10,374,312 | | | | | | ($ | 5,684,840.00) | | | | | | ($ | 1,894,975.00) | | | | | | $ | 12,770,299 | | | | | | $ | 15,564,796 | | |
| | | | SCT Total | | | | Deductions from SCT Total(i) | | | | Additions to SCT Total(ii) | | | | Compensation Actually Paid | | ||||||||||||||||||||
| Year | | | | Stock Awards | | | | Options Awards | | | ||||||||||||||||||||||||||
| 2022 | | | | | $ | 2,931,816 | | | | | | ($ | 1,405,542.25) | | | | | | ($ | 468,570.25) | | | | | | ($ | 4,133,756) | | | | | | ($ | 3,076,052) | | |
| 2021 | | | | | $ | 4,455,516 | | | | | | ($ | 2,118,241.80) | | | | | | ($ | 366,105.20) | | | | | | $ | 8,290,727 | | | | | | $ | 10,261,897 | | |
| 2020 | | | | | $ | 3,756,846 | | | | | | ($ | 1,302,976.75) | | | | | | ($ | 496,860.25) | | | | | | $ | 4,562,890 | | | | | | $ | 6,519,899 | | |
| Year | | | | Equity Type | | | | Fair Value of Current Year Equity Awards at End of Year | | | | Change in Value of Prior Years’ Awards Unvested at End of Year | | | | Change in Value of Prior Years’ Awards That Vested During the Year | | | | Equity Value Included in CAP | | ||||||||||||
| 2022 | | | | Stock Options | | | | | $ | 1,528,648 | | | | | | $ | (7,897,241) | | | | | | $ | (931,398) | | | | | | $ | (7,299,991) | | |
| Restricted Stock Units | | | | | $ | 2,049,978 | | | | | | $ | (2,672,369) | | | | | | $ | (234,149) | | | | | | $ | (856,541) | | | ||||
| Performance Award Units | | | | | $ | 2,460,116 | | | | | | $ | (12,009,652) | | | | | | $ | (807,455) | | | | | | $ | (10,356,991) | | | ||||
| Total | | | | | $ | 6,038,742 | | | | | | $ | (22,579,262) | | | | | | $ | (1,973,002) | | | | | | $ | (18,513,523) | | | ||||
| 2021 | | | | Stock Options | | | | | $ | 5,709,571 | | | | | | $ | 5,052,274 | | | | | | $ | 33,020 | | | | | | $ | 10,794,866 | | |
| Restricted Stock Units | | | | | $ | 3,523,058 | | | | | | $ | 1,469,682 | | | | | | $ | 10,165 | | | | | | $ | 5,002,905 | | | ||||
| Performance Award Units | | | | | $ | 8,916,215 | | | | | | $ | 4,932,126 | | | | | | $ | 14,842 | | | | | | $ | 13,863,183 | | | ||||
| Total | | | | | $ | 18,148,844 | | | | | | $ | 11,454,083 | | | | | | $ | 58,027 | | | | | | $ | 29,660,955 | | | ||||
| 2020 | | | | Stock Options | | | | | $ | 2,309,500 | | | | | | $ | 1,341,931 | | | | | | $ | 385,408 | | | | | | $ | 4,036,839 | | |
| Restricted Stock Units | | | | | $ | 2,186,374 | | | | | | $ | 411,103 | | | | | | $ | 103,798 | | | | | | $ | 2,701,275 | | | ||||
| Performance Award Units | | | | | $ | 4,749,437 | | | | | | $ | 1,128,981 | | | | | | $ | 153,769 | | | | | | $ | 6,032,186 | | | ||||
| Total | | | | | $ | 9,245,311 | | | | | | $ | 2,882,015 | | | | | | $ | 642,974 | | | | | | $ | 12,770,299 | | |
| | | | Equity Type | | | | Fair Value of Current Year Equity Awards at End of Year | | | | Change in Value of Prior Years’ Awards Unvested at End of Year | | | | Change in Value of Prior Years’ Awards That Vested During the Year | | | | Equity Value Included in CAP | | |||||||||||||
| 2022 | | | | Stock Options | | | | | $ | 255,817 | | | | | | $ | (1,352,757) | | | | | | $ | (446,281) | | | | | | $ | (1,543,221) | | |
| Restricted Stock Units | | | | | $ | 343,039 | | | | | | $ | (1,110,941) | | | | | | $ | (112,191) | | | | | | $ | (880,093) | | | ||||
| Performance Award Units | | | | | $ | 411,640 | | | | | | $ | (1,735,180) | | | | | | $ | (386,902) | | | | | | $ | (1,710,442) | | | ||||
| Total | | | | | $ | 1,010,496 | | | | | | $ | (4,198,878) | | | | | | $ | (945,373) | | | | | | $ | (4,133,756) | | | ||||
| 2021 | | | | Stock Options | | | | | $ | 904,905 | | | | | | $ | 1,796,558 | | | | | | $ | 22,234 | | | | | | $ | 2,723,696 | | |
| Restricted Stock Units | | | | | $ | 1,897,216 | | | | | | $ | 490,667 | | | | | | $ | 6,844 | | | | | | $ | 2,394,727 | | | ||||
| Performance Award Units | | | | | $ | 1,413,054 | | | | | | $ | 1,749,257 | | | | | | $ | 9,993 | | | | | | $ | 3,172,304 | | | ||||
| Total | | | | | $ | 4,215,175 | | | | | | $ | 4,036,482 | | | | | | $ | 39,071 | | | | | | $ | 8,290,727 | | | ||||
| 2020 | | | | Stock Options | | | | | $ | 605,548 | | | | | | $ | 908,841 | | | | | | $ | 240,880 | | | | | | $ | 1,755,269 | | |
| Restricted Stock Units | | | | | $ | 573,225 | | | | | | $ | 278,702 | | | | | | $ | 64,872 | | | | | | $ | 916,799 | | | ||||
| Performance Award Units | | | | | $ | 1,010,271 | | | | | | $ | 784,446 | | | | | | $ | 96,105 | | | | | | $ | 1,890,822 | | | ||||
| Total | | | | | $ | 2,189,044 | | | | | | $ | 1,971,988 | | | | | | $ | 401,857 | | | | | | $ | 4,562,890 | | |
| Most Important Performance Measures | |
| Relative Total Shareholder Return(i) | |
| Revenue(ii) | |
| Adjusted Diluted EPS(ii) | |
| Free Cash Flow(ii) | |
(i) | Relative Total Shareholder Return is the 3-year performance metric used for Zoetis’ performance award units, which comprise 50% of |
| Plan Category | | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a) | | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights (b) | | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (c) | | Plan Category | | | | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a) | | | | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights (b) | | | | Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a)) (c) | | ||||||||||||||||||
| Equity compensation plans approved by security holders | | | | | | 4,184,845(1) | | | | | | $ | 64.43(2) | | | | | | | 10,710,502 | | | Equity compensation plans approved by security holders | | | | | | 3,039,441(1) | | | | | | $ | 95.32(2) | | | | | | | 14,128,853(3) | | |
| Equity compensation plans not approved by security holders | | | | | | 102,586(3) | | | | | | | — | | | | | | | — | | | Equity compensation plans not approved by security holders | | | | | | — | | | | | | | — | | | | | | | — | | |
| Total | | | | | | 4,287,431 | | | | | | $ | 64.43 | | | | | | | 10,710,502 | | | Total | | | | | | 3,039,441 | | | | | | $ | 95.32 | | | | | | | 14,128,853 | | |
(3) | Assumes maximum payout of outstanding performance award units. |
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| | | | 2020 | | | | 2019 | | | | | 2022 | | | | 2021 | | ||||||||||||||
| Audit fees | | | | | $ | 11,006,393 | | | | | | | 10,092,100 | | | Audit fees | | | | | $ | 11,435,630 | | | | | | $ | 10,604,720 | | |
| Audit-related fees | | | | | | 110,200 | | | | | | | 251,300 | | | Audit-related fees | | | | | | 82,000 | | | | | | | 86,200 | | |
| Tax fees | | | | | | 1,837,088 | | | | | | | 1,135,890 | | | Tax fees | | | | | | 1,252,301 | | | | | | | 1,344,728 | | |
| All other fees | | | | | | — | | | | | | | — | | | All other fees | | | | | | 103,000 | | | | | | | 56,300 | | |
| Total fees | | | | | $ | 12,953,681 | | | | | | $ | 11,479,290 | | | Total fees | | | | | $ | 12,872,931 | | | | | | $ | 12,091,948 | | |
| | | |
| Item 4 Recommendation: Our Board unanimously recommends that you vote FOR the amendment to the Restated Certificate of Incorporation to give shareholders owning a combined 25% of Zoetis’ outstanding shares continuously for at least one year the right to call a special meeting. | |
| Item 5 | | | Shareholder Proposal Regarding Ability to Call a Special Meeting | |
| |
| Name of Beneficial Owner | | | | Number of Shares Owned | | | | Percent of Class (%)(1) | | Name and Address of Beneficial Owner | | | | Number of Shares Owned | | | | Percent of Class (%)(1) | | ||||||||||||
| 5% Beneficial Owners: | | | | | | | | | | | | | | | | 5% Beneficial Owners: | | | | | | | | | | | | ||||
| BlackRock, Inc.(2) 55 East 52nd Street New York, NY 10055 | | | | | | 40,720,915 | | | | | | | 8.6% | | | BlackRock, Inc.(2) 55 East 52nd Street New York, NY 10055 | | | | | | 40,082,444 | | | | | | | 8.66% | | |
| The Vanguard Group(3) 100 Vanguard Blvd. Malvern, PA 19355 | | | | | | 37,023,889 | | | | | | | 7.8% | | | The Vanguard Group(3) 100 Vanguard Blvd. Malvern, PA 19355 | | | | | | 36,850,763 | | | | | | | 7.96% | | |
| Name of Beneficial Owner | | | | Common Stock(1) | | | | Deferred Stock Units(2) | | | | Vested Options(3) | | | | Total | | Name of Beneficial Owner | | | | Common Stock(1) | | | | Deferred Stock Units(2) | | | | Vested Options(3) | | | | Total | | ||||||||||||||||||||||||
| Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Directors and Named Executive Officers: | | | | | | | | | | | | | | | | | | | | | | ||||||||
| Juan Ramón Alaix | | | | | | 214,999 | | | | | | | — | | | | | | | — | | | | | | | 214,999 | | | Paul M. Bisaro | | | | | | 18,826 | | | | | | | — | | | | | | | — | | | | | | | 18,826 | | |
| Paul M. Bisaro | | | | | | 14,527 | | | | | | | — | | | | | | | — | | | | | | | 14,527 | | | Vanessa Broadhurst | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Frank A. D’Amelio | | | | | | 14,808 | | | | | | | 9,671 | | | | | | | — | | | | | | | 24,479 | | | Frank A. D’Amelio | | | | | | 14,808 | | | | | | | 14,123 | | | | | | | — | | | | | | | 28,931 | | |
| Sanjay Khosla | | | | | | 9,808(4) | | | | | | | 9,671 | | | | | | | — | | | | | | | 19,479 | | | Sanjay Khosla | | | | | | 9,808(4) | | | | | | | 14,123 | | | | | | | — | | | | | | | 23,931 | | |
| Antoinette R. Leatherberry | | | | | | — | | | | | | | — | �� | | | | | | — | | | | | | | — | | | Antoinette R. Leatherberry | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Michael B. McCallister | | | | | | 20,521(4) | | | | | | | 10,454 | | | | | | | — | | | | | | | 30,975 | | | Michael B. McCallister | | | | | | 23,654(4) | | | | | | | 10,596 | | | | | | | — | | | | | | | 34,250 | | |
| Gregory Norden | | | | | | 14,019(4) | | | | | | | 10,454 | | | | | | | — | | | | | | | 24,473 | | | Gregory Norden | | | | | | 12,827(4) | | | | | | | 10,596 | | | | | | | — | | | | | | | 23,423 | | |
| Louise M. Parent | | | | | | 9,236 | | | | | | | 9,671 | | | | | | | — | | | | | | | 18,907 | | | Louise M. Parent | | | | | | 11,902 | | | | | | | 9,802 | | | | | | | — | | | | | | | 21,704 | | |
| Willie M. Reed | | | | | | 7,414 | | | | | | | 4,756 | | | | | | | — | | | | | | | 12,170 | | | Willie M. Reed | | | | | | 8,408 | | | | | | | 4,820 | | | | | | | — | | | | | | | 13,228 | | |
| Linda Rhodes | | | | | | 3,635 | | | | | | | — | | | | | | | — | | | | | | | 3,635 | | | Linda Rhodes | | | | | | 6,987 | | | | | | | — | | | | | | | — | | | | | | | 6,987 | | |
| Robert W. Scully | | | | | | 18,179(4) | | | | | | | 9,671 | | | | | | | — | | | | | | | 27,850 | | | Robert W. Scully | | | | | | 18,179(4) | | | | | | | 14,123 | | | | | | | — | | | | | | | 32,302 | | |
| William C. Steere, Jr. | | | | | | 18,904 | | | | | | | 10,454 | | | | | | | — | | | | | | | 29,358 | | | Kristin C. Peck | | | | | | 57,639 | | | | | | | — | | | | | | | 206,185 | | | | | | | 263,824 | | |
| Kristin C. Peck | | | | | | 34,706 | | | | | | | — | | | | | | | 185,658 | | | | | | | 220,364 | | | Wetteny Joseph | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | |
| Glenn C. David | | | | | | 35,216 | | | | | | | — | | | | | | | 7,712 | | | | | | | 42,928 | | | Glenn C. David(5) | | | | | | 48,928 | | | | | | | — | | | | | | | — | | | | | | | 48,928 | | |
| Catherine A. Knupp | | | | | | 62,778 | | | | | | | — | | | | | | | 57,276 | | | | | | | 120,054 | | | Heidi C. Chen | | | | | | 37,322 | | | | | | | — | | | | | | | 24,502 | | | | | | | 61,824 | | |
| Roman Trawicki | | | | | | 3,623 | | | | | | | — | | | | | | | 9,857 | | | | | | | 13,480 | | | Wafaa Mamilli | | | | | | 3,770 | | | | | | | — | | | | | | | 16,951 | | | | | | | 20,721 | | |
| Wafaa Mamilli | | | | | | — | | | | | | | — | | | | | | | — | | | | | | | — | | | Directors and current executive officers as a group (21 persons)(6) | | | | | | 309,330 | | | | | | | 78,184 | | | | | | | 285,186 | | | | | | | 672,701 | | |
| Directors and executive officers as a group (24 persons)(5) | | | | | | 563,271 | | | | | | | 74,803 | | | | | | | 374,406 | | | | | | | 1,012,479 | | |
| | | By telephone | | | | By calling 1 (800) 690-6903 (toll free) | | | | 24 hours a day until 11:59 p.m., Eastern Daylight Time, on May | | |
| | | By internet | | | | Online at www.proxyvote.com | | | | 24 hours a day until 11:59 p.m., Eastern Daylight Time, on May | | |
| | | By mail | | | | By returning a properly completed, signed and dated proxy card | | | | Allow sufficient time for us to receive your proxy card before the date of the meeting | |
| Item | | | | Vote Required | | | | Effect of Abstentions and Broker Non-Votes* | |
| 1 — Election of Directors | | | | Majority of the votes cast (i.e., more votes “For” than “Against”) | | | | Not considered as votes cast and have no effect on the outcome | |
| 2 — Advisory Vote to Approve Our Executive Compensation | | | | Majority of the votes cast | | | | Not considered as votes cast and have no effect on the outcome | |
| 3 — Ratification of Appointment of KPMG LLP as | | | | Majority of the votes cast | | | | May be considered as votes cast | |
| 4 — | | | | Majority of the | | | | Has the same effect of votes cast “AGAINST” this proposal | |
| 5 — Shareholder Proposal Regarding Ability to Call a Special Meeting | | | | Majority of the votes cast | | | | Not considered as votes cast and have no effect on the outcome | |