Zoetis said its Board of Directors approved a multi-year share repurchase program on August 1, 2024, allowing the company to buy its common stock for an aggregate price not to exceed $6 billion.

8-KRegulation FD DisclosureFiled Aug 1, 2024Period of report Aug 1, 2024Summary published (UTC) Oct 28, 2026

Key points

AI summary

Zoetis said its Board of Directors approved a multi-year share repurchase program on August 1, 2024, allowing the company to buy its common stock for an aggregate price not to exceed $6 billion.
The company said the program has no expiration date and does not obligate it to buy any shares. The Board may end, increase or decrease the authorization at any time. Repurchases may be made through open market or privately negotiated transactions, among other means.
Zoetis said its previous $3.5 billion share repurchase program, approved in December 2021, is expected to be completed in 2024.
In a press release, the company said shares are expected to be repurchased over up to 4 years and the program can be cancelled at any time. Wetteny Joseph, Executive Vice President and Chief Financial Officer, said the program is the company's largest share repurchase program to date.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Zoetis Approves Multi-Year $6 billion Share Repurchase Program

Zoetis said its Board of Directors approved a multi-year share repurchase program on August 1, 2024, allowing the company to buy its common stock for an aggregate price not to exceed $6 billion.

Source · Based on the filing body and exhibits

No Expiration Date, No Obligation to Buy Shares

The company said the program has no expiration date and does not obligate it to buy any shares. The Board may end, increase or decrease the authorization at any time. Repurchases may be made through open market or privately negotiated transactions, among other means.

Source · Based on the filing body and exhibits

Previous $3.5 billion Program Expected to Be Completed in 2024

Zoetis said its previous $3.5 billion share repurchase program, approved in December 2021, is expected to be completed in 2024.

Source · Based on the filing body and exhibits

Shares to Be Bought Over Up to 4 Years, Largest Program to Date

In a press release, the company said shares are expected to be repurchased over up to 4 years and the program can be cancelled at any time. Wetteny Joseph, Executive Vice President and Chief Financial Officer, said the program is the company's largest share repurchase program to date.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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