PepsiCo director gains stock via fee deferral

PEPSICO INC director David W. Gibbs increased his holdings through a stock-based fee deferral.

Rhea-AI Filing Summary

PEPSICO INC director David W. Gibbs increased his holdings through a stock-based fee deferral. On June 1, 2026, he acquired 70.6613 shares of PepsiCo common stock at a reference value of $141.52 per share via a grant classified as a "grant, award, or other acquisition." According to the disclosure, this reflects a portion of his regular cash director payments that he elected to defer under the PepsiCo Director Deferral Program, to be paid in PepsiCo shares at the end of a selected deferral period. Following this transaction, Gibbs directly holds 1,604.9863 shares of PepsiCo common stock.

Insider Trade Summary

Grant/Award: 70.6613 shares

Grant/Award 1 txn

Insider Gibbs David W

Role Director

Type	Security	Shares	Price	Value
Grant/Award	PepsiCo, Inc. Common Stock	70.6613	$141.52	$10K

Holdings After Transaction: PepsiCo, Inc. Common Stock — 1,604.9863 shares (Direct)

Footnotes (1)

1. F1. This number represents the regular cash payment, or portion thereof, that the filing person elected to defer under the PepsiCo Director Deferral Program that is payable in shares of PepsiCo Common Stock at the end of the deferral period selected by the filing person.

Key Figures

Shares acquired: 70.6613 shares Reference share value: $141.52 per share Holdings after transaction: 1,604.9863 shares +2 more

5 metrics

Shares acquired 70.6613 shares Non-derivative grant on June 1, 2026

Reference share value $141.52 per share Value associated with the grant transaction

Holdings after transaction 1,604.9863 shares Direct PepsiCo common stock holdings post-grant

Transaction code Code A Grant, award, or other acquisition of common stock

Ownership type Direct ownership Shares held directly by David W. Gibbs

Key Terms

Director Deferral Program, grant, award, or other acquisition, Form 4, non-derivative

4 terms

Director Deferral Program financial

"elected to defer under the PepsiCo Director Deferral Program that is payable in shares"

grant, award, or other acquisition financial

"transaction classified as a "grant, award, or other acquisition" of common stock"

Form 4 regulatory

"Does the David W. Gibbs PepsiCo (PEP) Form 4 indicate any derivative securities?"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"The only disclosed activity is the non-derivative acquisition of PepsiCo common stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PepsiCo (PEP) director David W. Gibbs report?

David W. Gibbs reported acquiring 70.6613 shares of PepsiCo common stock. The acquisition was a grant classified as a "grant, award, or other acquisition" tied to deferred director compensation under the PepsiCo Director Deferral Program.

Was David W. Gibbs’ PepsiCo (PEP) transaction an open-market purchase or a grant?

The transaction was a grant, not an open-market purchase. It reflects deferred director cash payments converted into PepsiCo common stock under the PepsiCo Director Deferral Program, rather than Gibbs buying shares on the open market.

How many PepsiCo (PEP) shares did David W. Gibbs acquire and at what value?

He acquired 70.6613 shares of PepsiCo common stock, with the filing referencing a value of $141.52 per share. This amount represents deferred director cash compensation payable in shares at a later deferral period.

What are David W. Gibbs’ direct PepsiCo (PEP) holdings after this Form 4 transaction?

After the reported transaction, David W. Gibbs directly holds 1,604.9863 shares of PepsiCo common stock. This total includes the 70.6613 shares acquired through the director compensation deferral grant described in the filing.

How does the PepsiCo Director Deferral Program affect David W. Gibbs’ shares?

Under the PepsiCo Director Deferral Program, Gibbs can defer regular cash payments into stock-based amounts. The reported 70.6613 shares represent deferred cash compensation that will be payable in PepsiCo common stock at the end of his chosen deferral period.

Does the David W. Gibbs PepsiCo (PEP) Form 4 indicate any derivative securities?

The filing’s derivative section is empty, indicating no derivative securities transactions were reported. The only disclosed activity is the non-derivative acquisition of PepsiCo common stock tied to deferred director compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/03/2026 - 04:37 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gibbs David W

(Last) (First) (Middle)

PEPSICO, INC.

700 ANDERSON HILL ROAD

(Street)

PURCHASE NEW YORK 10577

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
PepsiCo, Inc. Common Stock	06/01/2026		A		70.6613(1)	A	$141.52	1,604.9863	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This number represents the regular cash payment, or portion thereof, that the filing person elected to defer under the PepsiCo Director Deferral Program that is payable in shares of PepsiCo Common Stock at the end of the deferral period selected by the filing person.

Remarks:

	/s/ Cynthia A. Nastanski, Attorney-in-Fact	06/03/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)