PEPSICO INC — Director's Dealing 2022

May 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2022-05-10

Reporting Person: Krishnan Ramkumar (CEO Intl Beverages & CCO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-10	PepsiCo, Inc. Common Stock	M	6723	$89.25	Acquired	59886	Direct
2022-05-10	PepsiCo, Inc. Common Stock	S	4790	$171.76	Disposed	55096	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-05-10	Employee Stock Option (right to buy)	$89.25	M	6723	Disposed	2024-02-29	PepsiCo, Inc. Common Stock (6723)	Direct
2022-05-10	Phantom Stock Units	$	A	14.1635	Acquired		PepsiCo, Inc. Common Stock (14.1635)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
PepsiCo, Inc. Common Stock	3250	Indirect

Footnotes

F1: The shares with respect to this transaction were sold at prices ranging from $171.470 to $171.895 to cover option costs and taxes. 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.

F2: 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.

F3: This amount relates to dividends credited to the reporting person's phantom stock account on March 31, 2022 pursuant to the EID, at a price of $167.38.

F4: This security is payable pursuant to the reporting person's election and the terms of the EID.