Silviu Popovici - 01 Mar 2024 Form 4 Insider Report for PEPSICO INC (PEP)

Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol
PEP
Transactions as of
01 Mar 2024
Net transactions value
-$1,832,292
Form type
4
Filing time
05 Mar 2024, 16:11:17 UTC
Previous filing
03 Mar 2023
Next filing
04 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +13,260 +13% $0.000000 112,677 01 Mar 2024 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +15,086 +13% $0.000000 127,763 01 Mar 2024 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability $1,832,292 -11,164 -8.7% $164.12 116,599 01 Mar 2024 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, 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 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.
F3 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.