Ramkumar Krishnan - Mar 1, 2023 Form 4 Insider Report for PEPSICO INC (PEP)

Role
CEO Intl Beverages & CCO
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2023
Transactions value $
-$2,279,193
Form type
4
Date filed
3/3/2023, 04:02 PM
Previous filing
Jan 4, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +11.6K +22.05% $0.00 64.1K Mar 1, 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +15.1K +23.54% $0.00 79.2K Mar 1, 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$2.28M -13.3K -16.86% $170.79 65.8K Mar 1, 2023 Direct F3
holding PEP PepsiCo, Inc. Common Stock 1.32K Mar 1, 2023 By Family 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 +14.6 +0.6% 2.46K Mar 1, 2023 PepsiCo, Inc. Common Stock 14.6 Direct F4, F5, F6
* 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 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.
F5 This amount relates to dividends credited to the reporting person's phantom stock account between November 19, 2022 and March 1, 2023 pursuant to the EID, at a price of $181.10.
F6 This security is payable pursuant to the reporting person's election and the terms of the EID.