Becky Schmitt - 01 Jun 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 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 05 Jun 2023, 16:24:09 UTC
Previous filing: 17 Mar 2023
Next filing: 05 Mar 2024
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	+5,502		$0.000000	5,502	01 Jun 2023	Direct	F1
transaction	PEP	PepsiCo, Inc. Common Stock	Award	$0	+9,442	+172%	$0.000000	14,944	01 Jun 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This number represents the restricted stock units ("RSUs") granted as a portion of the reporting person's compensation from PepsiCo, Inc. These RSUs vest at various dates through June 1, 2025. RSUs are calculated on a one-for-one share basis. Vesting of all RSUs is contingent upon the reporting person's continued employment with the company.
F2	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.

Content

This number represents the restricted stock units ("RSUs") granted as a portion of the reporting person's compensation from PepsiCo, Inc. These RSUs vest at various dates through June 1, 2025. RSUs are calculated on a one-for-one share basis. Vesting of all RSUs is contingent upon the reporting person's continued employment with the company.

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.