Hugh F. Johnston - 01 Mar 2023 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 Mar 2023
Net transactions value
-$5,965,182
Form type
4
Filing time
03 Mar 2023, 15:59:50 UTC
Previous filing
01 Feb 2023
Next filing
26 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +27,018 +21% $0.000000 155,350 01 Mar 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +35,200 +23% $0.000000 190,550 01 Mar 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability $5,965,182 -34,927 -18% $170.79 155,623 01 Mar 2023 Direct F3
holding PEP PepsiCo, Inc. Common Stock 299 01 Mar 2023 by 401(k) F4

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 +137 +0.69% 20,080 01 Mar 2023 PepsiCo, Inc. Common Stock 137 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, 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 PSUs.
F4 Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of March 1, 2023.
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 between October 25, 2022 and March 1, 2023 pursuant to the EID, at a price of $181.10.
F7 This security is payable pursuant to the reporting person's election and the terms of the EID.