[Form 4] PEPSICO INC Insider Trading Activity
Rhea-AI Filing Summary
PepsiCo executive Silviu Popovici, CEO for Europe and MEA, reported multiple equity compensation transactions in PepsiCo common stock. He received 13,737 performance-based restricted stock units (PSUs) that may vest on March 1, 2029, with potential payout ranging from 0% to 250% of the granted PSUs depending on three-year performance and Compensation Committee approval.
He also received 26,883 restricted stock units (RSUs) that vest ratably over a three-year period starting on the first anniversary of the grant date, on a one-for-one share basis. In addition, 1,433 PSUs granted in March 2023 were canceled after performance targets were not met, and 4,040 shares were withheld to cover tax obligations upon PSU vesting. Following these transactions, he directly holds 170,890 PepsiCo shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | PepsiCo, Inc. Common Stock | 13,737 | $0.00 | -- |
| Grant/Award | PepsiCo, Inc. Common Stock | 26,883 | $0.00 | -- |
| Disposition | PepsiCo, Inc. Common Stock | 1,433 | $0.00 | -- |
| Tax Withholding | PepsiCo, Inc. Common Stock | 4,040 | $169.05 | $683K |
Footnotes (1)
- This number represents the performance-based restricted stock units ("PSUs") granted as a portion of the reporting person's compensation from PepsiCo, Inc. These PSUs will become vested on March 1, 2029 contingent upon the achievement of pre-established performance targets over a three-year performance period and Compensation Committee approval. The reporting person may receive a number of shares of PepsiCo Common Stock from 0% to 250% of the PSUs granted, depending on the performance level achieved. This number represents the restricted stock units ("RSUs") granted as a portion of the reporting person's compensation from PepsiCo. These RSUs vest ratably over a three-year vesting period beginning on the first anniversary of the grant date contingent upon the reporting person's satisfaction of conditions in the applicable award agreement. RSUs are calculated on a one-for-one share basis. This number represents the PSUs granted in March 2023 that were canceled at the end of the performance period because the applicable performance targets were not met. This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.