James T. Caulfield - Mar 1, 2024 Form 4 Insider Report for PEPSICO INC (PEP)

Role
EVP and CFO
Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2024
Transactions value $
-$540,956
Form type
4
Date filed
3/5/2024, 04:09 PM
Previous filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +13.1K +61.53% $0.00 34.3K Mar 1, 2024 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$541K -3.3K -9.61% $164.13 31K Mar 1, 2024 Direct F2
holding PEP PepsiCo, Inc. Common Stock 398 Mar 1, 2024 by 401(k) 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, 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.
F2 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
F3 Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of March 1, 2024. Since the reporting person's holdings in the PepsiCo Savings Plan were last reported on a Form 3, the reporting person has acquired 2.9946 shares under the plan.