Form 4: PepsiCo Executive Becky Schmitt Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & Chief People Officer of PepsiCo, Becky Schmitt, reports the withholding of 1,522 shares of PepsiCo Common Stock to cover tax obligations upon vesting of restricted stock units on June 1, 2024.
Summary
- On June 1, 2024, Becky Schmitt, EVP & Chief People Officer of PepsiCo, had 1,522 shares of PepsiCo Common Stock withheld to satisfy tax obligations.
- This transaction occurred due to the vesting of restricted stock units.
- Following the transaction, Schmitt directly owns 23,869 shares of PepsiCo Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. It doesn't suggest any significant positive or negative sentiment, but rather a neutral reporting of transactions.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of transaction: shares of PepsiCo Common Stock withheld to satisfy tax obligations. |
| 06/04/2024 | Date of signature for the report. |
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