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PEPSICO INC — Director's Dealing 2023
Mar 3, 2023
29792_dirs_2023-03-03_50aafdc3-31e7-463c-978d-91408315d3a0.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: 2023-03-01
Reporting Person: Krishnan Ramkumar (CEO Intl Beverages & CCO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-01 | PepsiCo, Inc. Common Stock | A | 11579 | $0.00 | Acquired | 64086 | Direct |
| 2023-03-01 | PepsiCo, Inc. Common Stock | A | 15086 | $0.00 | Acquired | 79172 | Direct |
| 2023-03-01 | PepsiCo, Inc. Common Stock | F | 13345 | $170.79 | Disposed | 65827 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-01 | Phantom Stock Units | $ | A | 14.5704 | Acquired | PepsiCo, Inc. Common Stock (14.5704) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| PepsiCo, Inc. Common Stock | 1320 | 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, 2026 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 shares of PepsiCo Common Stock acquired upon vesting of additional PSUs granted in March 2020, as a result of exceeding pre-established performance targets.
F3: This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.
F4: 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.
F5: This amount relates to dividends credited to the reporting person's phantom stock account between November 19, 2022 and March 1, 2023 pursuant to the EID, at a price of $181.10.
F6: This security is payable pursuant to the reporting person's election and the terms of the EID.