PEP Form 4: Director Receives 1,144 & 1,397 Phantom Units Increasing Holdings
Rhea-AI Filing Summary
PepsiCo, Inc. (PEP) director Alberto Weisser reported purchases tied to the company's director compensation programs. On 09/30/2025 he acquired 1,144.464 phantom stock units through reinvested dividend equivalents, bringing his total to 30,912.9348 shares. On 10/01/2025 he received 1,397.2334 phantom stock units for director service at a reported price of $143.14, increasing his total to 32,310.1682 shares. The filing explains these units are payable one-for-one in PepsiCo common stock and that some units vest/payable following the director's retirement or resignation under the Director Deferral Program.
Positive
- Increase in beneficial ownership to 32,310.1682 shares reflects alignment of director interests with shareholders
- Phantom units payable one-for-one in common stock provide eventual share-based compensation rather than cash
Negative
- None.
Insights
Director received phantom stock units totaling 2,541.6974 over two reported entries, increasing holdings to 32,310.1682.
The filing shows director compensation delivered as phantom stock units under PepsiCo's Director Deferral Program, with dividend reinvestment and service-based grants recorded on 09/30/2025 and 10/01/2025. These units are payable one-for-one in common shares, which increases the reporting person's beneficial ownership without an open-market purchase.
This is an administrative compensation event rather than a market transaction; it changes outstanding beneficial ownership figures and will convert to actual shares according to the program's payout rules.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PepsiCo, Inc. Common Stock | 1,397.233 | $143.14 | $200K |
| Grant/Award | PepsiCo, Inc. Common Stock | 1,144.464 | $0.00 | -- |
Footnotes (1)
- This number includes the phantom stock units acquired on various dates between October 1, 2024 and September 30, 2025 through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $132.04 to $149.94, payable in shares of PepsiCo Common Stock on a one-for-one basis. This number represents the filing person's phantom stock units received for service as a director that are payable in shares of PepsiCo Common Stock on a one-for-one basis commencing on the first day of the calendar quarter following the first anniversary of the filing person's retirement or resignation from PepsiCo's Board of Directors.