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

Role: CEO, PBNA
Signature: /s/ Cynthia A. Nastanski, Attorney-in-Fact
Issuer symbol: PEP
Transactions as of: 01 Mar 2024
Net transactions value: -$2,300,048
Form type: 4
Filing time: 05 Mar 2024, 16:08:51 UTC
Previous filing: 03 Jan 2024
Next filing: 13 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	+14,064	+29%	$0.000000	63,064	01 Mar 2024	Direct	F1
transaction	PEP	PepsiCo, Inc. Common Stock	Award	$0	+15,086	+24%	$0.000000	78,150	01 Mar 2024	Direct	F2
transaction	PEP	PepsiCo, Inc. Common Stock	Tax liability	$2,300,048	-14,014	-18%	$164.12	64,136	01 Mar 2024	Direct	F3
holding	PEP	PepsiCo, Inc. Common Stock						1,320	01 Mar 2024	By Family Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PEP	Phantom Stock Holding	Award		+71	+2.9%		2,529	01 Mar 2024	PepsiCo, Inc. Common Stock	71		Direct	F4, F5, F6

* 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.
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.
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.
F6	This security is payable pursuant to the reporting person's election and the terms of the EID.