PEPSICO INC — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2021-03-01

Reporting Person: Johnston Hugh F (Vice Chairman, EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	PepsiCo, Inc. Common Stock	A	35200	$0.00	Acquired	257957	Direct
2021-03-01	PepsiCo, Inc. Common Stock	D	15732	$0.00	Disposed	242225	Direct
2021-03-01	PepsiCo, Inc. Common Stock	F	7291	$131.155	Disposed	234934	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Phantom Stock Units	$	A	723.867	Acquired		PepsiCo, Inc. Common Stock (723.867)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PepsiCo, Inc. Common Stock	284.1896	Indirect

Footnotes

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, 2024 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 PSUs granted in March 2018 that were canceled at the end of the performance period because the applicable performance targets were not met.

F3: This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.

F4: Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of March 1, 2021.

F5: 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.

F6: This amount relates to dividends credited to the reporting person's phantom stock account on various dates between March 1, 2020 and March 1, 2021 pursuant to the EID, at prices ranging from $120.10 to $142.47.

F7: This security is payable pursuant to the reporting person's election and the terms of the EID.