Eugene Willemsen - 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
-$1,448,896
Form type
4
Filing time
05 Mar 2024, 16:12:30 UTC
Previous filing
27 Feb 2024
Next filing
08 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +10,849 +43% $0.000000 35,925 01 Mar 2024 Direct F1
transaction PEP PepsiCo, Inc. Common Stock Award $0 +8,800 +24% $0.000000 44,725 01 Mar 2024 Direct F2
transaction PEP PepsiCo, Inc. Common Stock Tax liability $1,448,896 -8,828 -20% $164.12 35,897 01 Mar 2024 Direct F3
holding PEP PepsiCo, Inc. Common Stock 16,715 01 Mar 2024 By Non-U.S. Company
* 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.