SEC Form 4 · accession 0001209191-19-016652
PEPSICO INC · PEP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Laxman Narasimhan
Officer — Global CCO & CEO Latin America
Period of report
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077476
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| PepsiCo, Inc. Common StockF1 | Mar 1, 2019 | A | 28,946 | $0.00 | A | 159,081 | D | |
| PepsiCo, Inc. Common StockF2 | Mar 1, 2019 | A | 16,213 | $0.00 | A | 175,294 | D | |
| PepsiCo, Inc. Common StockF3 | Mar 1, 2019 | F | 19,175 | $115.80 | D | 156,119 | D | |
| PepsiCo, Inc. Common StockF4 | Mar 1, 2019 | F | 16,631 | $115.80 | D | 139,488 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This 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, 2022 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 175% of the PSUs granted, depending on the performance level achieved.
- F2This number represents the shares of PepsiCo Common Stock acquired upon vesting of additional PSUs granted in March 2016, as a result of exceeding pre-established performance targets.
- F3This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of PSUs.
- F4This number represents shares of PepsiCo Common Stock withheld to satisfy the tax withholding obligation due upon vesting of restricted stock units.