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PepsiCo (PEP) director Daniel Vasella adds to stake via deferred stock awards

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

Rhea-AI Filing Summary

PepsiCo director Daniel Vasella reported two share awards under the PepsiCo Director Deferral Program, increasing his direct holdings to 91,895.7126 shares of PepsiCo common stock. On May 31, 2026, he acquired 1,480.9086 shares at a stated price of $0.0000 per share through a grant or award election. On June 1, 2026, he received an additional 423.9683 shares at $141.52 per share as a grant or award.

Footnotes explain that his position includes phantom stock units acquired between December 1, 2025 and May 31, 2026 via reinvested dividend equivalents, and amounts from regular cash fees that he elected to defer, all payable in PepsiCo common stock on a one-for-one basis at the end of his selected deferral periods.

Positive

  • None.

Negative

  • None.
Insider VASELLA DANIEL
Role null
Type Security Shares Price Value
Grant/Award PepsiCo, Inc. Common Stock 423.968 $141.52 $60K
Grant/Award PepsiCo, Inc. Common Stock 1,480.909 $0.00 --
Holdings After Transaction: PepsiCo, Inc. Common Stock — 91,895.713 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.
Grant shares (May 31, 2026) 1,480.9086 shares Grant/award acquisition at $0.0000 per share
Grant shares (June 1, 2026) 423.9683 shares Grant/award acquisition at $141.52 per share
Holdings after transactions 91,895.7126 shares Total PepsiCo common stock directly held after reported awards
Dividend equivalent price range $138.96–$155.29 Prices for phantom stock units from dividend reinvestment between Dec 1, 2025 and May 31, 2026
Number of acquisition transactions 2 transactions Both coded as A (grant, award, or other acquisition)
phantom stock units financial
"includes the phantom stock units acquired on various dates between December 1, 2025 and May 31, 2026"
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.
dividend equivalents financial
"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.
PepsiCo Director Deferral Program financial
"pursuant to the PepsiCo Director Deferral Program, at prices ranging from $138.96 to $155.29"
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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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*
VASELLA DANIEL

(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 Stock05/31/2026A1,480.9086(1)A(1)91,471.7443D
PepsiCo, Inc. Common Stock06/01/2026A423.9683(2)A$141.5291,895.7126D
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)

FAQ

What insider transactions did PepsiCo (PEP) director Daniel Vasella report?

Daniel Vasella reported two acquisitions of PepsiCo common stock as grants or awards. He received 1,480.9086 shares on May 31, 2026 and 423.9683 shares on June 1, 2026, both under the PepsiCo Director Deferral Program.

How many PepsiCo (PEP) shares does Daniel Vasella hold after these transactions?

After the reported transactions, Daniel Vasella directly holds 91,895.7126 shares of PepsiCo common stock. This total includes shares and phantom stock units credited through the PepsiCo Director Deferral Program, which are payable in PepsiCo shares on a one-for-one basis.

Were Daniel Vasella’s PepsiCo (PEP) Form 4 transactions open-market purchases?

No, the Form 4 describes both transactions as grants or awards, not open-market purchases. They arise from the PepsiCo Director Deferral Program, where director compensation and dividend equivalents are deferred and converted into PepsiCo common stock or phantom stock units.

What is the PepsiCo Director Deferral Program mentioned in Daniel Vasella’s Form 4?

The PepsiCo Director Deferral Program lets directors 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 a deferral period selected by the participating director.

What were the prices for Daniel Vasella’s PepsiCo (PEP) share awards?

The 1,480.9086-share grant dated May 31, 2026 shows a transaction price of $0.0000 per share, reflecting a non-cash award. The 423.9683-share grant dated June 1, 2026 is reported at $141.52 per share, also as a grant or award acquisition.