Eugene Willemsen - Mar 1, 2023 Form 4 Insider Report for PEPSICO INC (PEP)

Role
CEO, AMESA
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2023
Transactions value $
-$2,150,075
Form type
4
Date filed
3/3/2023, 04:19 PM
Previous filing
May 18, 2022
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 +8.68K +29.98% $0.00 37.6K Mar 1, 2023 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +12.6K +33.39% $0.00 50.2K Mar 1, 2023 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$2.15M -12.6K -25.07% $170.79 37.6K Mar 1, 2023 Direct F3
holding PEP PepsiCo, Inc. Common Stock 11.9K Mar 1, 2023 By Non-U.S. Company
* 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.