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PEPSICO INC — Director's Dealing 2024
Mar 5, 2024
29792_dirs_2024-03-05_2d7109a3-7b27-48fb-9ba6-3b7c2a4ff3ca.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: 2024-03-01
Reporting Person: Krishnan Ramkumar (CEO, PBNA)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | PepsiCo, Inc. Common Stock | A | 14064 | — | Acquired | 63064 | Direct |
| 2024-03-01 | PepsiCo, Inc. Common Stock | A | 15086 | — | Acquired | 78150 | Direct |
| 2024-03-01 | PepsiCo, Inc. Common Stock | F | 14014 | $164.125 | Disposed | 64136 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | Phantom Stock Holding | $ | A | 71.3986 | Acquired | PepsiCo, Inc. Common Stock (71.3986) | 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, 2027 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 2021, 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 March 2, 2023 and March 1, 2024 pursuant to the EID, at prices ranging from $ 168.94
to $185.22.
F6: This security is payable pursuant to the reporting person's election and the terms of the EID.