Rachel Ferdinando - 01 Mar 2025 Form 4 Insider Report for PEPSICO INC (PEP)

Role: CEO, U.S. Foods
Signature: /s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol: PEP
Transactions as of: 01 Mar 2025
Net transactions value: -$410,446
Form type: 4
Filing time: 04 Mar 2025, 16:03:49 UTC
Previous filing: 14 Feb 2025
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	+8,886	+29%	$0.000000	39,548	01 Mar 2025	Direct	F1
transaction	PEP	PepsiCo, Inc. Common Stock	Tax liability	$410,446	-2,670	-6.8%	$153.72	36,878	01 Mar 2025	Direct	F2
holding	PEP	PepsiCo, Inc. Common Stock						6,776	01 Mar 2025	By Revocable Trust

* 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, 2028 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.

Content

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, 2028 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.

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