David Flavell - Mar 1, 2023 Form 4 Insider Report for PEPSICO INC (PEP)

Role
EVP, Gen Counsel & Corp Sec
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2023
Transactions value $
-$689,650
Form type
4
Date filed
3/3/2023, 03:52 PM
Previous filing
May 18, 2022
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +6.75K +23.89% $0.00 35K Mar 1, 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +1.93K +5.52% $0.00 37K Mar 1, 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$356K -2.09K -5.64% $170.79 34.9K Mar 1, 2023 Direct F3
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$334K -1.95K -5.6% $170.79 32.9K Mar 1, 2023 Direct F4
* 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, 2026 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 shares of PepsiCo Common Stock acquired upon vesting of additional PSUs granted in March 2020, as a result of exceeding pre-established performance targets.
F3 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
F4 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.