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PepsiCo (PEP) director Susan Diamond reports equity awards in Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Diamond Susan M reported acquisition or exercise transactions in this Form 4 filing.

PepsiCo director Susan M. Diamond reported routine equity compensation transactions. She received 565.2911 shares of PepsiCo common stock on June 1, 2026 valued at $141.52 per share and 128.1172 shares on May 31, 2026 at no cash price as deferred compensation and phantom stock units under the PepsiCo Director Deferral Program. Following these awards, she directly holds 8,266.6204 shares.

Positive

  • None.

Negative

  • None.
Insider Diamond Susan M
Role null
Type Security Shares Price Value
Grant/Award PepsiCo, Inc. Common Stock 565.291 $141.52 $80K
Grant/Award PepsiCo, Inc. Common Stock 128.117 $0.00 --
Holdings After Transaction: PepsiCo, Inc. Common Stock — 8,266.62 shares (Direct, null)
Footnotes (1)
  1. This number includes the phantom stock units acquired on various dates between December 1, 2025 and May 31, 2026 through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $138.96 to $155.29, payable in shares of PepsiCo Common Stock on a one-for-one basis. 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.
Awarded shares (Jun 1, 2026) 565.2911 shares at $141.52 Grant/award acquisition of PepsiCo common stock
Awarded shares (May 31, 2026) 128.1172 shares at $0.00 Deferred director cash payment payable in shares
Shares held after transaction 8,266.6204 shares Direct PepsiCo common stock ownership after awards
Dividend equivalent price range $138.96–$155.29 Prices for phantom stock units via dividend reinvestment
phantom stock units financial
"This number includes the phantom stock units acquired on various dates between December 1, 2025 and May 31, 2026 through reinvestment of dividend equivalents..."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
PepsiCo Director Deferral Program financial
"...through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $138.96 to $155.29..."
dividend equivalents financial
"...phantom stock units acquired on various dates... through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program..."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
deferral period financial
"...payable in shares of PepsiCo Common Stock at the end of the deferral period selected by the filing person."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Diamond Susan M
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
PepsiCo, Inc. Common Stock05/31/2026A128.1172(1)A(1)7,701.3293D
PepsiCo, Inc. Common Stock06/01/2026A565.2911(2)A$141.528,266.6204D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. This number includes the phantom stock units acquired on various dates between December 1, 2025 and May 31, 2026 through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $138.96 to $155.29, payable in shares of PepsiCo Common Stock on a one-for-one basis.
2. 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-Fact06/03/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did PepsiCo (PEP) report for Susan M. Diamond?

PepsiCo reported that director Susan M. Diamond acquired additional common stock through routine equity compensation awards, including phantom stock units and deferred cash fees converted into shares under the PepsiCo Director Deferral Program, increasing her directly held share balance.

How many PepsiCo (PEP) shares did Susan M. Diamond acquire in this Form 4?

Susan M. Diamond acquired 565.2911 PepsiCo common shares on June 1, 2026 at $141.52 per share and 128.1172 shares on May 31, 2026 at a zero cash price as part of deferred director compensation and phantom stock units credited under the company’s deferral program.

What is the PepsiCo Director Deferral Program mentioned in Susan M. Diamond’s Form 4?

The PepsiCo Director Deferral Program allows directors to defer regular cash payments and reinvest dividend equivalents into phantom stock units. These units are payable in PepsiCo common stock on a one-for-one basis at the end of the selected deferral period, effectively converting deferred compensation into future share delivery.

Are Susan M. Diamond’s PepsiCo (PEP) Form 4 transactions open-market purchases or sales?

The reported transactions are not open-market trades. They are classified as awards or other acquisitions, reflecting equity-based compensation, including phantom stock units and deferred cash fees payable in PepsiCo common stock, rather than discretionary buying or selling in the public market.

How many PepsiCo (PEP) shares does Susan M. Diamond hold after these Form 4 awards?

After these equity compensation awards, Susan M. Diamond directly holds 8,266.6204 shares of PepsiCo common stock. This total incorporates the newly credited shares from the June 1, 2026 and May 31, 2026 director deferral and phantom stock unit transactions reported in the Form 4 filing.