Ronald Schellekens - Mar 1, 2022 Form 4 Insider Report for PEPSICO INC (PEP)

Role
EVP & Chief HR Officer
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2022
Transactions value $
-$717,354
Form type
4
Date filed
3/3/2022, 06:48 PM
Previous filing
Jul 6, 2021
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +7.49K +19.4% $0.00 46.1K Mar 1, 2022 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Disposed to Issuer $0 -1.14K -2.47% $0.00 45K Mar 1, 2022 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$717K -4.41K -9.8% $162.85 40.6K Mar 1, 2022 Direct F3
* 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.