Ronald Schellekens - 01 Mar 2023 Form 4 Insider Report for PEPSICO INC (PEP)

Role
EVP & Chief HR Officer
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol
PEP
Transactions as of
01 Mar 2023
Net transactions value
-$2,273,386
Form type
4
Filing time
03 Mar 2023, 16:16:07 UTC
Previous filing
03 Mar 2022
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 +7,719 +19% $0.000000 48,283 01 Mar 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +12,823 +27% $0.000000 61,106 01 Mar 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability $2,273,386 -13,311 -22% $170.79 47,795 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.