PEP Form 4: Director adds 8,564.28 shares via phantom units
Rhea-AI Filing Summary
PepsiCo, Inc. director Edith W. Cooper reported two non-derivative acquisitions in a Form 4. On 09/30/2025 she received 7,167.0424 phantom stock units that were converted to shares via reinvested dividend equivalents earned between 10/01/2024 and 09/30/2025 at prices ranging from $132.04 to $149.94, payable one-for-one in common stock. On 10/01/2025 she acquired 1,397.2334 additional phantom stock units for director service at an indicated price of $143.14, bringing her total beneficial ownership to 8,564.2758 shares (direct).
Positive
- Acquired 1,397.2334 phantom units for director service on 10/01/2025 at $143.14
- Total beneficial ownership increased to 8,564.2758 shares, reflecting dividend reinvestment and service-based units
Negative
- None.
Insights
Routine director stock accruals increased beneficial ownership to 8,564.2758 shares.
The Form 4 discloses that Edith W. Cooper acquired 7,167.0424 phantom units converted via dividend reinvestment between 10/01/2024 and 09/30/2025, and received 1,397.2334 phantom units on 10/01/2025 for board service.
These units are payable one-for-one in PepsiCo common stock, and the reported price range for reinvested dividend units was $132.04 to $149.94. This filing documents normal director compensation and deferral plan activity rather than open-market trading.
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 | 233.081 | $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.