PepsiCo director Cesar Conde acquires stock units

The director-service award is payable in shares beginning on the first day of the calendar quarter following the first anniversary of retirement or resignation.

Rhea-AI Filing Summary

PepsiCo director Cesar Conde reported direct acquisitions of phantom stock units: 1,592.3566 units for director service on October 1, 2026, and a September 30, 2026 entry listing 736.8150 units.

The October units are payable in PepsiCo common stock on a one-for-one basis, beginning on the first day of the calendar quarter following the first anniversary of his retirement or resignation from the board. The 736.8150-unit entry includes units acquired through dividend-equivalent reinvestment.

Insider Trade Summary

Grant/Award: 2,329.1716 shares

Grant/Award 2 txns

Insider Conde Cesar

Role Director

Type	Security	Shares	Price	Value
Grant/Award	PepsiCo, Inc. Common Stock F2	1,592.3566	$125.60	$200K
Grant/Award	PepsiCo, Inc. Common Stock F1	736.815	--	--

Holdings After Transaction: PepsiCo, Inc. Common Stock — 20,596.3119 shares (Direct)

Footnotes (2)

1. F1. This number includes the phantom stock units acquired on various dates between October 1, 2025 and September 30, 2026 through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $126.72 to $155.29, payable in shares of PepsiCo Common Stock on a one-for-one basis.
2. F2. 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.

Key Figures

Director-service phantom stock units: 1,592.3566 units Phantom stock units: 736.8150 units Dividend-equivalent reinvestment prices: $126.72 to $155.29

3 metrics

Director-service phantom stock units 1,592.3566 units Reported October 1, 2026

Phantom stock units 736.8150 units September 30, 2026 entry

Dividend-equivalent reinvestment prices $126.72 to $155.29 Units acquired on various dates from October 1, 2025, through September 30, 2026

Key Terms

phantom stock units, dividend equivalents, PepsiCo Director Deferral Program

3 terms

phantom stock units financial

"phantom stock units received for service as a director"

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

"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 technical

"pursuant to the PepsiCo Director Deferral Program"

FAQ

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

How many phantom stock units did PEP director Cesar Conde report?

Cesar Conde reported 1,592.3566 phantom stock units for director service on October 1, 2026, and a September 30, 2026 entry listing 736.8150 units.

When are Cesar Conde's PEP director-service phantom units payable?

The 1,592.3566 director-service phantom units are payable in PepsiCo common stock on a one-for-one basis, beginning on the first day of the calendar quarter following the first anniversary of his retirement or resignation from PepsiCo's board.

What is included in Cesar Conde's PEP September 30 phantom-unit amount?

The 736.8150 phantom stock units include units acquired on various dates from October 1, 2025, through September 30, 2026, through dividend-equivalent reinvestment under the PepsiCo Director Deferral Program, at prices ranging from $126.72 to $155.29.

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

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Available on EDGAR 10/05/2026 - 04:03 PM Accepted by SEC EDGAR 10/05/2026 - 04:03 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^*

Conde Cesar

(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)
10/01/2026

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	09/30/2026		A		736.815(1)	A	(1)	19,003.9553	D
PepsiCo, Inc. Common Stock	10/01/2026		A		1,592.3566(2)	A	$125.6	20,596.3119	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 includes the phantom stock units acquired on various dates between October 1, 2025 and September 30, 2026 through reinvestment of dividend equivalents pursuant to the PepsiCo Director Deferral Program, at prices ranging from $126.72 to $155.29, payable in shares of PepsiCo Common Stock on a one-for-one basis.

2. 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.

Remarks:

	/s/ Cynthia A. Nastanski, Attorney-in-Fact	10/05/2026
	** 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)