Ramkumar Krishnan - Mar 1, 2022 Form 4 Insider Report for PEPSICO INC (PEP)

Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2022
Transactions value $
-$385,140
Form type
4
Date filed
3/3/2022, 07:17 PM
Previous filing
Jan 5, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +12.1K +27.69% $0.00 56K Mar 1, 2022 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Disposed to Issuer $0 -491 -0.88% $0.00 55.5K Mar 1, 2022 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$87K -534 -0.96% $162.85 55K Mar 1, 2022 Direct F3
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$298K -1.83K -3.33% $162.85 53.2K Mar 1, 2022 Direct F4
holding PEP PepsiCo, Inc. Common Stock 3.25K Mar 1, 2022 By Revocable Trust

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 Award +15.8 +0.66% 2.4K Mar 1, 2022 PepsiCo, Inc. Common Stock 15.8 Direct F5, F6, F7
* 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 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.
F4 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
F5 These phantom units are held under the PepsiCo Executive Income Deferral Program ("EID") and convert to shares of PepsiCo Common Stock on a one-for-one basis.
F6 This amount relates to dividends credited to the reporting person's phantom stock account on January 7, 2022 pursuant to the EID, at a price of $174.08.
F7 This security is payable pursuant to the reporting person's election and the terms of the EID.