James T. Caulfield - 01 Mar 2025 Form 4 Insider Report for PEPSICO INC (PEP)

Role: EVP and CFO
Signature: /s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol: PEP
Transactions as of: 01 Mar 2025
Transactions value $: $0
Form type: 4
Filing time: 04 Mar 2025, 16:04:54 UTC
Previous 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	+14K	+45.02%	$0.00	44.9K	01 Mar 2025	Direct	F1
holding	PEP	PepsiCo, Inc. Common Stock						411	01 Mar 2025	by 401(k)	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 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	Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of February 28, 2025. Since the reporting person's holdings in the PepsiCo Savings Plan were last reported on a Form 4, the reporting person has acquired 13.4317 shares under the plan.

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.

Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of February 28, 2025. Since the reporting person's holdings in the PepsiCo Savings Plan were last reported on a Form 4, the reporting person has acquired 13.4317 shares under the plan.