PEP insider filing amended to include 61.546 omitted shares for Steven C. Williams

Rhea-AI Filing Summary

This amended Form 3 corrects the number of PepsiCo common shares reported for Steven C. Williams. The filing states Mr. Williams directly owns 52,364.546 shares of PepsiCo common stock, which now includes 61.546 additional shares held in a personal brokerage account that were omitted from the original filing and subsequent Forms 4. The filing lists his relationship to the issuer as an officer (CEO, North America) and indicates the statement was filed by a single reporting person.

Insights

Financial Analyst

TL;DR: A minor correction to disclosed insider holdings; no material effect on company valuation or market expectations.

The amendment clarifies the precise number of shares directly owned by an officer. The adjustment of 61.546 shares is immaterial relative to total outstanding equity and will not affect earnings, cash flow, or market capitalization. This is an administrative disclosure correction rather than new information about company performance or strategy. Impact classification: not impactful.

Corporate Governance Expert

TL;DR: Correcting insider ownership records is important for compliance, but this change is procedural and not material.

The amendment aligns the reporting record with actual holdings and improves transparency under Section 16 reporting rules. The ownership is reported as direct, and the additional shares were held in a personal brokerage account. While accurate insider disclosures are essential for governance and regulatory compliance, the magnitude of the correction is small and does not suggest governance concerns or changes in insider alignment with shareholders. Impact classification: not impactful.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Williams Steven C

(Last) (First) (Middle)

PEPSICO, INC.

700 ANDERSON HILL ROAD

(Street)

PURCHASE NY 10577

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
04/01/2019

3. Issuer Name and Ticker or Trading Symbol
PEPSICO INC [ PEP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, North America

5. If Amendment, Date of Original Filed (Month/Day/Year)
04/05/2019

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
PepsiCo, Inc. Common Stock	52,364.546(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This amendment to the Form 3 originally filed by the reporting person on April 5, 2019 (the "Original Form 3") is being filed solely to correct the number of shares of PepsiCo common stock reported on Line 1, Box 2 of Table I. The total amount of securities beneficially owned directly by the reporting person now includes 61.546 additional shares of PepsiCo common stock held in a personal brokerage account that were omitted from the Original Form 3, and also were omitted from Forms 4 filed by the reporting person after the Original Form 3 was filed.

Remarks:

The reporting person's title was CEO, PFNA at the time the Original Form 3 was filed.

	/s/ Cynthia A. Nastanski, Attorney-in-Fact	08/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many PepsiCo (PEP) shares does Steven C. Williams report owning?

The amendment reports 52,364.546 shares of PepsiCo common stock beneficially owned directly by Steven C. Williams.

Why was the Form 3 amended for PepsiCo (PEP)?

The amendment corrects the reported share count to include 61.546 additional shares held in a personal brokerage account that were omitted from the original filing.

What type of ownership is reported for Steven C. Williams on the Form 3/A?

The filing reports direct (D) beneficial ownership of the listed PepsiCo common shares.

What role does Steven C. Williams have at PepsiCo according to the filing?

The filing lists his relationship to the issuer as an officer (CEO, North America).

Does this Form 3/A amendment indicate a material change in insider holdings?

No. The amendment adds 61.546 shares to the previously reported total, a procedural correction that the filing treats as non-material to company operations or valuation.