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PEPSICO INC — Director's Dealing 2022
Mar 3, 2022
29792_dirs_2022-03-03_affff610-8418-4188-9a92-3a7c8530bfec.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PEPSICO INC (PEP)
CIK: 0000077476
Period of Report: 2022-03-01
Reporting Person: Krishnan Ramkumar (CEO Intl Beverages & CCO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-01 | PepsiCo, Inc. Common Stock | A | 12147 | $0.00 | Acquired | 56019 | Direct |
| 2022-03-01 | PepsiCo, Inc. Common Stock | D | 491 | $0.00 | Disposed | 55528 | Direct |
| 2022-03-01 | PepsiCo, Inc. Common Stock | F | 534 | $162.85 | Disposed | 54994 | Direct |
| 2022-03-01 | PepsiCo, Inc. Common Stock | F | 1831 | $162.85 | Disposed | 53163 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-01 | Phantom Stock Units | $ | A | 15.7881 | Acquired | PepsiCo, Inc. Common Stock (15.7881) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| PepsiCo, Inc. Common Stock | 3250 | 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, 2025 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 2019 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: This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.
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 January 7, 2022 pursuant to the EID, at a price of $174.08.
F7: This security is payable pursuant to the reporting person's election and the terms of the EID.