Form 4: PepsiCo Executive Vice President David Flavell Reports Sale of Common Stock
SEC Form 4
David Flavell, EVP, Gen Counsel & Corp Sec of PepsiCo, reports the sale of 6,628 shares of PepsiCo common stock at an average price of $179.8628 on May 10, 2024.
Summary
- On May 10, 2024, David Flavell, EVP, Gen Counsel & Corp Sec of PepsiCo, sold 6,628 shares of PepsiCo common stock.
- The sale was executed at an average price of $179.8628 per share.
- Following the transaction, Flavell directly owns 36,264 shares of PepsiCo common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock sale by an executive. The sale itself doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale itself doesn't necessarily indicate a negative outlook, as executives may sell shares for various personal financial planning reasons.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a common practice and doesn't necessarily reflect a lack of confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of stock sale transaction |
| 05/14/2024 | Date of signature on the Form 4 filing |
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