Ramkumar Krishnan - 01 Mar 2024 Form 4 Insider Report for PEPSICO INC (PEP)

Reporting relationship: CEO, PBNA
Issuer ticker: PEP
Reported as of: 01 Mar 2024
Net transaction value: -$2,300,048
SEC form: 4
Accepted by SEC: 05 Mar 2024, 16:08:51 UTC
Prior SEC filing: 03 Jan 2024
Next SEC filing: 13 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Cynthia A. Nastanski, Attorney-in-Fact

Key filing fact

Ramkumar Krishnan filed Form 4 for PEPSICO INC (PEP) on 05 Mar 2024.

Key facts

This page summarizes Ramkumar Krishnan's Form 4 filing for PEPSICO INC (PEP).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 05 Mar 2024, 16:08.

Change

Previous filing in this sequence was filed on 03 Jan 2024.
Current net transaction value: -$2,300,048.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PEP transaction

PepsiCo, Inc. Common Stock

Award

Transaction value: $0
Shares: +14,064
Change %: +29%
Price: $0.000000
Shares after: 63,064
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F1

PEP transaction

PepsiCo, Inc. Common Stock

Award

Transaction value: $0
Shares: +15,086
Change %: +24%
Price: $0.000000
Shares after: 78,150
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F2

PEP transaction

PepsiCo, Inc. Common Stock

Tax liability

Transaction value: $2,300,048
Shares: -14,014
Change %: -18%
Price: $164.12
Shares after: 64,136
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F3

PEP holding

PepsiCo, Inc. Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,320
Date: 01 Mar 2024
Ownership: By Family Trust

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PEP transaction Derivative

Phantom Stock Holding

Award

Transaction value
Shares: +71
Change %: +2.9%
Price
Shares after: 2,529
Date: 01 Mar 2024
Ownership: Direct
Underlying class: PepsiCo, Inc. Common Stock
Underlying amount: 71
Exercise price
Footnotes: F4, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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, 2027 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.

Footnote F2

This number represents the shares of PepsiCo Common Stock acquired upon vesting of additional PSUs granted in March 2021, as a result of exceeding pre-established performance targets.

Footnote F3

This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.

Footnote F4

These phantom units are held under the PepsiCo Executive Income Deferral Program ("EID") and convert to shares of PepsiCo Common Stock on a one-for-one basis.

Footnote F5

This amount relates to dividends credited to the reporting person's phantom stock account between March 2, 2023 and March 1, 2024 pursuant to the EID, at prices ranging from $ 168.94 to $185.22.

Footnote F6

This security is payable pursuant to the reporting person's election and the terms of the EID.