Hugh F. Johnston - 01 Jan 2022 Form 4 Insider Report for PEPSICO INC (PEP)

Role: Vice Chairman, EVP & CFO
Signature: /s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol: PEP
Transactions as of: 01 Jan 2022
Net transactions value: -$905,349
Form type: 4
Filing time: 04 Jan 2022, 15:21:43 UTC
Previous filing: 30 Nov 2021
Next filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PEP	PepsiCo, Inc. Common Stock						290	01 Jan 2022	by 401(k)	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PEP	Phantom Stock Units	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities	$905,349	-5,212	-21%	$173.71	19,443	01 Jan 2022	PepsiCo, Inc. Common Stock	5,212		Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of January 1, 2022.
F2	Represents units under the PepsiCo Executive Income Deferral Program (the "EID"), each of which is the economic equivalent of one share of PepsiCo Common Stock.
F3	Represents an automatic distribution (required to be settled in cash in accordance with the terms of the EID) pursuant to irrevocable elections made in 1998 and 2004 with respect to 1998 and 2004 bonus, respectively.
F4	Also reflects a decrease of 16.5295 in the total number of units held, resulting from daily fluctuations in the market value of PepsiCo Common Stock.