Form 4: PepsiCo Executive Ramkumar Krishnan Reports Stock Transaction
SEC Form 4 Filing
Ramkumar Krishnan, CEO of PBNA at PepsiCo, reports the sale of 5,620 shares of PepsiCo common stock at $178 per share on May 9, 2024, and dividend credits to his phantom stock account.
Summary
- Ramkumar Krishnan, CEO of PBNA at PepsiCo, filed a Form 4 detailing changes in beneficial ownership of PepsiCo stock.
- On May 9, 2024, Krishnan sold 5,620 shares of PepsiCo common stock at a price of $178 per share.
- Following the transaction, Krishnan directly owns 53,953 shares of PepsiCo common stock.
- Krishnan also indirectly owns 1,320 shares through a family trust.
- Additionally, 17.0657 phantom stock units were acquired, representing dividends credited to the reporting person's phantom stock account between March 2, 2024, and May 9, 2024, at a price of $172.98 per unit.
- Krishnan holds 2,545.9382 derivative securities in the form of Phantom Stock Holding.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice among publicly traded companies. It provides transparency into the trading activities of insiders.
Stakeholder Impact
- The stock sale by a company executive could be perceived differently by stakeholders; some may see it as a lack of confidence, while others may view it as a normal part of personal financial management.
Key Dates
| Date | Description |
|---|---|
| 2024-03-02 | Start date for dividend credit calculation for phantom stock. |
| 2024-05-09 | Date of stock sale and end date for dividend credit calculation for phantom stock. |
| 2024-05-13 | Date of signature on the Form 4 filing. |
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