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PEPSICO INC — Director's Dealing 2022
Mar 3, 2022
29792_dirs_2022-03-03_592597f6-9b03-4c19-b6fd-df3af62f9e97.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: Johnston Hugh F (Vice Chairman, EVP & CFO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-03-01 | PepsiCo, Inc. Common Stock | A | 28344 | $0.00 | Acquired | 176701 | Direct |
| 2022-03-01 | PepsiCo, Inc. Common Stock | D | 4445 | $0.00 | Disposed | 172256 | Direct |
| 2022-03-01 | PepsiCo, Inc. Common Stock | F | 15811 | $162.85 | Disposed | 156445 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-03-01 | Phantom Stock Units | $ | A | 160.9369 | Acquired | PepsiCo, Inc. Common Stock (160.9369) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| PepsiCo, Inc. Common Stock | 291.4687 | 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 March 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: Reflects the number of shares held under the reporting person's account in the PepsiCo Savings Plan as of March 1, 2022.
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.