Form 4 for PEP PepsiCo

Accepted 2023-03-03 00:00:00 ET · period of report 2023-03-01 · accession 0001209191-23-015754 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2023-03-03	2023-03-01	PEP	Schellekens Ronald	EVP, Chief HR Off	A - Grant	$0.00	+20.5K	48.3K	+74%	$0
	2023-03-03	2023-03-01	PEP	Schellekens Ronald	EVP, Chief HR Off	F - Tax	$170.79	-13.3K	47.8K	-22%	-$2.27M

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	PepsiCo, Inc. Common Stock	2023-03-01	A	A	12,823	$0.00	61,106	D	—	—	(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.
2	Common	PepsiCo, Inc. Common Stock	2023-03-01	A	A	7,719	$0.00	48,283	D	—	—	(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.
3	Common	PepsiCo, Inc. Common Stock	2023-03-01	F	D	13,311	$170.79	47,795	D	—	—	(F3) This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.