Eugene Willemsen - 01 Mar 2022 Form 4 Insider Report for PEPSICO INC (PEP)

Role
CEO, AMESA
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol
PEP
Transactions as of
01 Mar 2022
Transactions value $
-$581,700
Form type
4
Filing time
03 Mar 2022, 18:44:40
Next filing
18 Nov 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +7.59K +25.69% $0.00 37.1K 01 Mar 2022 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Disposed to Issuer $0 -1.02K -2.75% $0.00 36.1K 01 Mar 2022 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$582K -3.57K -9.89% $162.85 32.5K 01 Mar 2022 Direct F3
holding PEP PepsiCo, Inc. Common Stock 12.8K 01 Mar 2022 By Revocable Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This number represents the performance-based restricted stock units ("PSUs") granted as a portion of the reporting person's compensation from PepsiCo, Inc. These PSUs will become vested on March 1, 2025 contingent upon the achievement of pre-established performance targets over a three-year performance period and Compensation Committee approval. The reporting person may receive a number of shares of PepsiCo Common Stock from 0% to 200% of the PSUs granted, depending on the performance level achieved.
F2 This number represents the PSUs granted in March 2019 that were canceled at the end of the performance period because the applicable performance targets were not met.
F3 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.