Form 4: PepsiCo CFO Acquires 49,209 Shares in RSU Grant

PepsiCo's EVP & Chief Financial Officer, Stephen T. Schmitt, acquired 49,209 shares of common stock through a restricted stock unit grant.

Summary

• Stephen T. Schmitt, Executive Vice President and Chief Financial Officer of PepsiCo, Inc., acquired 49,209 shares of PepsiCo, Inc. Common Stock.
• The transaction occurred on November 10, 2025, with the shares valued at $142.25 per share.
• These shares represent Restricted Stock Units (RSUs) granted as a portion of Mr. Schmitt's compensation from PepsiCo, Inc.
• The RSUs are scheduled to vest at various dates through November 10, 2027.
• Vesting of all RSUs is contingent upon Mr. Schmitt's continued employment with the company.
• The RSUs are subject to accelerated vesting if Mr. Schmitt's employment is terminated by the company without cause.

Sentiment

Score: 6

Explanation: The filing reports a routine grant of Restricted Stock Units (RSUs) to a key executive as part of their compensation, which is a standard practice aimed at aligning management interests with shareholders. This is generally viewed as a neutral to slightly positive event, indicating executive retention and long-term incentive alignment.

Positives

• Increased alignment of executive interests with shareholders due to the acquisition of 49,209 shares.
• The grant of Restricted Stock Units (RSUs) is a common form of long-term incentive compensation, encouraging executive retention and performance.

Negatives

• No direct negatives are apparent from this routine insider transaction filing.

Risks

• Vesting of the Restricted Stock Units (RSUs) is contingent upon Stephen T. Schmitt's continued employment with PepsiCo, Inc.

Future Outlook

The Restricted Stock Units (RSUs) are scheduled to vest at various dates through November 10, 2027, subject to continued employment.

Industry Context

The grant of Restricted Stock Units (RSUs) to executive officers like the CFO is a standard practice in large, publicly traded companies within the consumer staples sector and broader industries. This compensation structure aims to align executive incentives with long-term shareholder value creation and retention.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a widely adopted practice across global benchmarks, including companies like Coca-Cola (KO), Mondelez International (MDLZ), and Nestlé (NSRGY).
• These companies frequently utilize equity-based awards to incentivize long-term performance and retain key executives, making this grant consistent with industry norms for executive compensation packages.

Related Party Transactions

• The acquisition of Restricted Stock Units (RSUs) by an executive officer from the company constitutes a related party transaction, specifically an equity compensation grant.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value due to equity ownership.
• Employees: Reinforces the company's compensation strategy for key executives, potentially signaling stability in leadership.

Next Steps

• The Restricted Stock Units (RSUs) will vest at various dates through November 10, 2027, contingent on continued employment.

Key Dates

Keywords

PepsiCo, PEP, Stephen T. Schmitt, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, CFO, Stock Acquisition, Beneficial Ownership