Ramkumar Krishnan - Mar 1, 2025 Form 4 Insider Report for PEPSICO INC (PEP)

Signature
/s/ Cynthia A. Nastanski, Attorney-in-Fact
Stock symbol
PEP
Transactions as of
Mar 1, 2025
Transactions value $
-$3,183,332
Form type
4
Date filed
3/4/2025, 04:03 PM
Previous filing
Jan 3, 2025
Next filing
Apr 3, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEP PepsiCo, Inc. Common Stock Award $0 +16.6K +37.84% $0.00 60.6K Mar 1, 2025 Direct F1, F2
transaction PEP PepsiCo, Inc. Common Stock Award $0 +12.1K +20.05% $0.00 72.7K Mar 1, 2025 Direct F3
transaction PEP PepsiCo, Inc. Common Stock Tax liability -$1.68M -11K -15.07% $153.73 61.8K Mar 1, 2025 Direct F4
transaction PEP PepsiCo, Inc. Common Stock Sale -$1.46M -9.7K -15.7% $150.91 52.1K Mar 3, 2025 Direct F5
transaction PEP PepsiCo, Inc. Common Stock Sale -$34.5K -225 -0.43% $153.51 51.8K Mar 3, 2025 Direct
holding PEP PepsiCo, Inc. Common Stock 10K Mar 1, 2025 By GRAT
holding PEP PepsiCo, Inc. Common Stock 1.32K Mar 1, 2025 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 +68.3 +2.68% 2.61K Mar 1, 2025 PepsiCo, Inc. Common Stock 68.3 Direct F6, F7, F8
* 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 Amount of securities beneficially owned following reported transaction reflects the contribution of 10,000 shares previously owned directly by the reporting person to a grantor retained annuity trust ("GRAT").
F3 This number represents the shares of PepsiCo Common Stock acquired upon vesting of additional PSUs granted in March 2022, as a result of exceeding pre-established performance targets.
F4 This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.
F5 The shares with respect to this transaction were sold at prices ranging from $150.5600 to $151.2900. Upon request, the reporting person will provide to the Securities and Exchange Commission staff, the Company, or a security holder of the Company, full information regarding the number of shares sold at each separate price.
F6 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.
F7 This amount relates to dividends credited to the reporting person's phantom stock account between May 10, 2024 and March 1, 2025 pursuant to the EID, at prices ranging from $146.27 to $170.03.
F8 This security is payable pursuant to the reporting person's election and the terms of the EID.