PepsiCo (PEP) EVP Athina Kanioura reports PSU and RSU grants, tax withholding
Rhea-AI Filing Summary
PepsiCo executive Athina Kanioura reported equity compensation and related adjustments in PepsiCo, Inc. Common Stock. She was granted 26,588 performance-based restricted stock units (PSUs) and 17,725 restricted stock units (RSUs) as part of her compensation. The PSUs may vest on March 1, 2029, depending on pre-set performance targets over a three-year period, with a potential payout range from 0% to 250% of the units granted, subject to Compensation Committee approval. The RSUs vest in equal installments over three years starting on the first anniversary of the grant date.
The filing also shows 895 previously granted PSUs were canceled after performance targets were not met and 2,507 shares were withheld at $169.05 per share to cover tax obligations upon PSU vesting. After these transactions, Kanioura directly held 115,546 shares of PepsiCo Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PepsiCo, Inc. Common Stock | 26,588 | $0.00 | -- |
| Grant/Award | PepsiCo, Inc. Common Stock | 17,725 | $0.00 | -- |
| Disposition | PepsiCo, Inc. Common Stock | 895 | $0.00 | -- |
| Tax Withholding | PepsiCo, Inc. Common Stock | 2,507 | $169.05 | $424K |
Footnotes (1)
- 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, 2029 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 250% of the PSUs granted, depending on the performance level achieved. This number represents the restricted stock units ("RSUs") granted as a portion of the reporting person's compensation from PepsiCo. These RSUs vest ratably over a three-year vesting period beginning on the first anniversary of the grant date contingent upon the reporting person's satisfaction of conditions in the applicable award agreement. RSUs are calculated on a one-for-one share basis. This number represents the PSUs granted in March 2023 that were canceled at the end of the performance period because the applicable performance targets were not met. This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.