Form 4: Alberto Weisser Reports Changes in Beneficial Ownership of PepsiCo Stock
SEC Form 4 Filing
Director Alberto Weisser reports acquisition of PepsiCo stock through dividend reinvestment and director service.
Summary
- Alberto Weisser, a director of PepsiCo, filed a Form 4 with the SEC detailing changes in his beneficial ownership of PepsiCo common stock.
- On September 30, 2024, Weisser acquired 838.9327 shares through reinvestment of dividend equivalents under the PepsiCo Director Deferral Program.
- On October 1, 2024, he acquired 1,166.9973 shares for service as a director.
- Following these transactions, Weisser beneficially owns 29,768.4708 shares of PepsiCo common stock directly.
- The dividend equivalents were reinvested at prices ranging from $164.93 to $172.98 per share between October 1, 2023, and September 30, 2024.
- The shares received for director service are payable commencing on the first day of the calendar quarter following the first anniversary of his retirement or resignation from PepsiCo's Board of Directors.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock ownership changes. The director increasing their holdings could be seen as slightly positive, but it's not a major event.
Positives
- The director's increased stock ownership could be seen as a positive signal, indicating confidence in the company's future performance.
Future Outlook
The shares received for director service are payable commencing on the first day of the calendar quarter following the first anniversary of his retirement or resignation from PepsiCo's Board of Directors.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers. These filings are closely watched by investors to gauge sentiment and potential future actions of key individuals within the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a key director.
- It may influence investor sentiment, although the impact is likely to be minimal.
Key Dates
| Date | Description |
|---|---|
| October 1, 2023 September 30, 2024 | Period during which phantom stock units were acquired through reinvestment of dividend equivalents. |
| September 30, 2024 | Date of acquisition of 838.9327 shares through dividend reinvestment. |
| October 1, 2024 | Date of acquisition of 1,166.9973 shares for service as a director. |
| October 3, 2024 | Date of filing the Form 4. |
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