PepsiCo (PEP) Form 3/A: Beneficial ownership corrected to 52,364.546 shares
This amended Form 3 corrects the number of PepsiCo common shares reported 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.
Positive
- None.
Negative
- None.
Insights
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.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | PepsiCo, Inc. Common Stock | -- | -- | -- |
Footnotes (1)
- F1. 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.
FAQ
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Why was the Form 3 amended for PepsiCo (PEP)?
What type of ownership is reported for Steven C. Williams on the Form 3/A?
What role does Steven C. Williams have at PepsiCo according to the filing?
Does this Form 3/A amendment indicate a material change in insider holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.