PepsiCo director Robert C. Pohlad buys 184,646 shares

Separate holdings entries list 22,953.5012 shares directly and 27 shares in his spouse’s revocable trust.

Rhea-AI Filing Summary

PepsiCo (PEP) director Robert C. Pohlad reported purchases of 184,646 common shares on October 14, 2026, at $128.28 per share, held through his revocable trust. The shares came from irrevocable trusts he established, and his revocable trust transferred cash having equivalent fair market value in exchange. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 184,646 shares

Net Buy 6 txns

Insider POHLAD ROBERT C

Role Director

Bought 184,646 shs ($23.69M)

Type	Security	Shares	Price	Value
Purchase	PepsiCo, Inc. Common Stock F1, F2	84,507	$128.28	$10.84M
Purchase	PepsiCo, Inc. Common Stock F1	45,075	$128.28	$5.78M
Purchase	PepsiCo, Inc. Common Stock F1	45,075	$128.28	$5.78M
Purchase	PepsiCo, Inc. Common Stock F1	9,989	$128.28	$1.28M
holding	PepsiCo, Inc. Common Stock	--	--	--
holding	PepsiCo, Inc. Common Stock F3	--	--	--

Holdings After Transaction: PepsiCo, Inc. Common Stock — 433,009 shares (Indirect, Held By Revocable Trust); PepsiCo, Inc. Common Stock — 22,953.5012 shares (Direct); PepsiCo, Inc. Common Stock — 27 shares (Indirect, Held by Spouse's Revocable Trust)

Footnotes (3)

1. F1. Represents shares of PepsiCo Common Stock acquired from irrevocable trusts established by the reporting person through the exercise of the reporting person's power to substitute assets of equivalent value for property held by such trusts. In exchange for the shares, a revocable trust, of which the reporting person is sole trustee and beneficiary, transferred to the irrevocable trusts cash having an equivalent fair market value that was determined by the average of the high and low prices of PepsiCo Common Stock on October 14, 2026.
2. F2. Includes 168,632 shares previously reported as directly owned by the reporting person, which shares were transferred to the reporting person's revocable trust of which the reporting person is sole trustee and beneficiary.
3. F3. These shares, which were previously reported as directly owned by the reporting person's spouse, were transferred to a revocable trust of the reporting person's spouse of which the reporting person is a co-trustee and the reporting person's spouse is a co-trustee and sole beneficiary.

Key Figures

Common shares purchased: 184,646 shares Purchase price: $128.28 per share Shares transferred to revocable trust: 168,632 shares +2 more

5 metrics

Common shares purchased 184,646 shares October 14, 2026

Purchase price $128.28 per share October 14, 2026

Shares transferred to revocable trust 168,632 shares Previously reported as directly owned

Direct holdings 22,953.5012 shares Holdings entry dated October 14, 2026

Spouse’s revocable trust holdings 27 shares Holdings entry dated October 14, 2026

Key Terms

power to substitute assets of equivalent value, irrevocable trusts, fair market value, sole trustee and beneficiary

4 terms

power to substitute assets of equivalent value technical

"power to substitute assets of equivalent value for property held by such trusts"

irrevocable trusts technical

"acquired from irrevocable trusts established by the reporting person"

fair market value financial

"cash having an equivalent fair market value"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

sole trustee and beneficiary technical

"sole trustee and beneficiary"

FAQ

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

How many PEP shares did director Robert C. Pohlad purchase?

Robert C. Pohlad reported purchases of 184,646 PepsiCo common shares on October 14, 2026, at $128.28 per share. The shares came from irrevocable trusts he established, with cash having equivalent fair market value transferred by his revocable trust.

What happened to Robert C. Pohlad’s previously directly owned PEP shares?

168,632 shares previously reported as directly owned were transferred to his revocable trust, of which he is the sole trustee and beneficiary.

What other PEP holdings were listed for Robert C. Pohlad?

The holdings entries list 22,953.5012 common shares held directly and 27 shares held by his spouse’s revocable trust, of which he is a co-trustee.

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

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Available on EDGAR 10/16/2026 - 04:03 PM EDT Accepted by SEC EDGAR 10/16/2026 - 04:02 PM EDT 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^*

POHLAD ROBERT C

(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)
10/14/2026

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	10/14/2026		P		84,507(1)	A	$128.28	332,870(2)	I	Held By Revocable Trust
PepsiCo, Inc. Common Stock	10/14/2026		P		45,075(1)	A	$128.28	377,945	I	Held By Revocable Trust
PepsiCo, Inc. Common Stock	10/14/2026		P		45,075(1)	A	$128.28	423,020	I	Held By Revocable Trust
PepsiCo, Inc. Common Stock	10/14/2026		P		9,989(1)	A	$128.28	433,009	I	Held By Revocable Trust
PepsiCo, Inc. Common Stock								22,953.5012	D
PepsiCo, Inc. Common Stock								27(3)	I	Held by Spouse's Revocable Trust

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. Represents shares of PepsiCo Common Stock acquired from irrevocable trusts established by the reporting person through the exercise of the reporting person's power to substitute assets of equivalent value for property held by such trusts. In exchange for the shares, a revocable trust, of which the reporting person is sole trustee and beneficiary, transferred to the irrevocable trusts cash having an equivalent fair market value that was determined by the average of the high and low prices of PepsiCo Common Stock on October 14, 2026.

2. Includes 168,632 shares previously reported as directly owned by the reporting person, which shares were transferred to the reporting person's revocable trust of which the reporting person is sole trustee and beneficiary.

3. These shares, which were previously reported as directly owned by the reporting person's spouse, were transferred to a revocable trust of the reporting person's spouse of which the reporting person is a co-trustee and the reporting person's spouse is a co-trustee and sole beneficiary.

Remarks:

	/s/ Cynthia A. Nastanski, Attorney-in-Fact	10/16/2026
	** 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)