Paula Santilli - 01 Mar 2023 Form 4 Insider Report for PEPSICO INC (PEP)

Role
CEO, Latin America
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol
PEP
Transactions as of
01 Mar 2023
Net transactions value
-$1,653,418
Form type
4
Filing time
03 Mar 2023, 16:12:31 UTC
Previous filing
18 Nov 2022
Next filing
22 May 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 +9,649 +16% $0.000000 69,646 01 Mar 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +13,829 +20% $0.000000 83,475 01 Mar 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability $1,653,418 -9,681 -12% $170.79 73,794 01 Mar 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.