Kristin C. Peck

Kristin C. Peck is 53 years old and has built a distinguished career in the pharmaceutical and animal health industries. She started her professional journey with roles in private equity, real estate finance, and consulting before moving on to senior leadership positions at Pfizer Inc.. "

At ZTS, she joined in October 2012 as Executive Vice President and Group President, playing a key role in the company’s early growth and its IPO in 2013. She later advanced to lead U.S. operations and strategic growth initiatives, demonstrating her expertise in global manufacturing, supply chain, and market research. " "

In January 2020, she assumed her current role as Chief Executive Officer while also taking on the responsibilities of a Director in October 2019, solidifying her impact on the company's strategic direction and innovation. Her extensive experience is further enriched by her previous leadership roles and board memberships, underscoring a commitment to driving value and operational excellence across the industry. " "

Annual Incentive Plan (AIP) " " " "

• Performance Metrics: Holistic assessment including Zoetis’ financial performance (revenue, adjusted diluted EPS, free cash flow), performance of the region/business unit (annual revenue and income before adjustments), and individual performance aligned with Zoetis’ Core Beliefs.
• Payout Structure:
  • Threshold: $0
  • Target: $1,800,000
  • Maximum (Cap): $3,600,000
  • Actual Payout: 117% of target resulting in $2,106,000 " " "
• Payment Schedule: Award determined based on fiscal year 2023 performance; paid the following February (2024).
• Additional Details: The target annual incentive opportunity was set at 150% of the base salary.

Performance Award Units (PAUs) " " " "

• Performance Metric: Relative Total Shareholder Return (Relative TSR) compared to companies in the S&P 500 Group over a three-year period.
• Evaluation Period: January 1, 2023 to December 31, 2025.
• Payout Range: 0% to 200% of the target number of shares.
• Target Units: 24,555 units
• Maximum Units: 49,110 units
• Grant Details:
  • Grant Date: February 8, 2023 "
  • Grant Date Fair Value: $5,849,983 "
  • Grant Date Stock Price: $162.07 per share "
• Vesting Schedule: 3-year cliff vesting; 100% vests on February 8, 2026.
• Conditions: Continued employment through the vesting date and achievement of the Relative TSR performance goal.

This performance compensation package for 2023 combines a cash incentive based on the company's financial and operational performance (AIP) with a long-term, share-based award (PAUs) tied to the Relative TSR metric.