Ramon Laguarta - Mar 1, 2023 Form 4 Insider Report for PEPSICO INC (PEP)

Role
Chairman and CEO, Director
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2023
Transactions value $
-$10,215,121
Form type
4
Date filed
3/3/2023, 04:08 PM
Previous filing
Jan 26, 2023
Next filing
Jan 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +59.8K +19.25% $0.00 371K Mar 1, 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +61.6K +16.62% $0.00 432K Mar 1, 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$10.2M -59.8K -13.84% $170.79 372K Mar 1, 2023 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, 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.