PepsiCo Inc (NASDAQ: PEP) exec moves 5,688 and 1,320 shares to GRAT 2
Rhea-AI Filing Summary
PepsiCo Inc executive Ramkumar Krishnan, CEO North America, reported trust-related changes in his PepsiCo equity interests dated August 3, 2026. He withdrew 5,688 shares from a grantor retained annuity trust (GRAT 1) and 1,320 shares from a family trust, exchanging them for cash and other assets at $139.63 per share, with corresponding transfers into a second grantor retained annuity trust (GRAT 2). A footnote states that the amount of securities beneficially owned also reflects a transfer of 14,324 shares previously owned directly that were contributed to GRAT 2, and that the reporting person believes the GRAT 1 withdrawal constitutes a change in the form of beneficial ownership exempt under Rule 16a-13. He additionally acquired 76.8590 phantom stock units under PepsiCo's Executive Income Deferral Program from dividend credits, bringing his phantom balance to 2,777.3326 units, and reports direct ownership of 80,670.0000 PepsiCo common shares.
Positive
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Negative
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Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Krishnan Ramkumar
Role
CEO, North America
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Holding F4, F5, F6 | 76.859 | -- | -- |
| Other | PepsiCo, Inc. Common Stock F1 | 5,688 | -- | -- |
| Other | PepsiCo, Inc. Common Stock F1, F2 | 5,688 | -- | -- |
| Other | PepsiCo, Inc. Common Stock F3 | 1,320 | -- | -- |
| Other | PepsiCo, Inc. Common Stock F3 | 1,320 | -- | -- |
| holding | PepsiCo, Inc. Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Holding — 2,777.3326 shares (Direct);
PepsiCo, Inc. Common Stock — 0 shares (Indirect, By GRAT 1);
PepsiCo, Inc. Common Stock — 0 shares (Indirect, By Family Trust);
PepsiCo, Inc. Common Stock — 21,332 shares (Indirect, By GRAT 2);
PepsiCo, Inc. Common Stock — 80,670 shares (Direct)
Footnotes (6)
- F1. On August 3, 2026, the reporting person withdrew 5,688 shares of PepsiCo common stock previously owned indirectly (and previously reported) by the reporting person in a grantor retained annuity trust ("GRAT 1"). The shares are being exchanged by the reporting person for cash and other assets of equivalent value to GRAT 1. The shares were valued at $139.63 per share (the closing market price on the the date of transfer). The reporting person believes that the withdrawal of shares from GRAT 1 constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
- F2. Amount of securities beneficially owned reflects a transfer of 14,324 shares previously owned directly by the reporting person that were contributed to GRAT 2.
- F3. Reflects a transfer by a family trust to GRAT 2 that are being exchanged for cash and other assets of equivalent value. The shares were valued at $139.63 per share (the closing market price on the date of transfer).
- 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, 2026 and August 3, 2026 pursuant to the EID, at prices ranging from $135.40 to $155.29.
- F6. This security is payable pursuant to the reporting person's election and the terms of the EID.
Key Figures
GRAT 1 share withdrawal: 5688.0000 shares
Family trust transfer: 1320.0000 shares
Direct common stock holdings: 80670.0000 shares
+4 more
7 metrics
GRAT 1 share withdrawal
5688.0000 shares
Shares withdrawn from GRAT 1 and exchanged for cash and other assets at $139.63 per share
Family trust transfer
1320.0000 shares
Shares transferred by a family trust to GRAT 2, valued at $139.63 per share
Direct common stock holdings
80670.0000 shares
Direct PepsiCo common shares reported after the restructuring of trust holdings
Phantom stock units credited
76.8590 units
Dividend-related phantom stock units credited between March 2, 2026 and August 3, 2026
Total phantom stock balance
2777.3326 units
Phantom stock units under the Executive Income Deferral Program after dividend credits
Valuation of trust exchanges
$139.63 per share
Closing market price used to value GRAT 1 and family trust share exchanges on August 3, 2026
Dividend credit price range
$135.40–$155.29
Range of prices at which dividends were credited to the phantom stock account
Key Terms
grantor retained annuity trust, phantom units, Executive Income Deferral Program, Rule 16a-13
4 terms
grantor retained annuity trust financial
"previously owned indirectly ... in a grantor retained annuity trust ("GRAT 1")."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
phantom units financial
"These phantom units are held under the PepsiCo Executive Income Deferral Program ("EID")."
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
Executive Income Deferral Program financial
"held under the PepsiCo Executive Income Deferral Program ("EID") and convert to shares."
Rule 16a-13 regulatory
"withdrawal of shares from GRAT 1 constitutes a change in form ... exempted by Rule 16a-13."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How did the PepsiCo (PEP) filing characterize the GRAT 1 withdrawal?
The filing notes the reporting person believes withdrawing 5,688 shares from GRAT 1 is a change in the form of beneficial ownership, exempt under Rule 16a-13. The shares were exchanged for cash and other assets of equivalent value, valued at $139.63 per share.
What phantom stock activity was disclosed for Ramkumar Krishnan at PepsiCo (PEP)?
Krishnan acquired 76.8590 phantom stock units under PepsiCo’s Executive Income Deferral Program, based on dividends credited between March 2, 2026 and August 3, 2026 at prices from $135.40 to $155.29. These units convert one-for-one into PepsiCo common stock, totaling 2,777.3326 units after the credits.