Bailey Jennifer 4

What Happened Jennifer Bailey, a director of PepsiCo, was granted shares under the PepsiCo Director Deferral Program. The Form 4 reports two acquisitions: 125.003 shares (no per-share price listed) acquired May 31, 2026, and 423.968 shares acquired June 1, 2026 at $141.52 per share (total value $60,000). Both transactions are coded "A" (award/grant).

Key Details

• Transaction dates and prices:
  • 2026-05-31: 125.003 shares acquired (price N/A) — related to reinvested dividend-equivalent phantom units (Footnote F1).
  • 2026-06-01: 423.968 shares acquired at $141.52 each, total $60,000 (Footnote F2).
• Shares acquired total: 548.971 shares.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: The 125.003 shares include phantom stock units acquired between Dec 1, 2025 and May 31, 2026 via reinvested dividend equivalents, payable one-for-one as common shares (prices ranged $138.96–$155.29).
  • F2: The 423.968 shares represent a cash payment (or portion) deferred under the Director Deferral Program that is payable in PepsiCo common stock at the end of the elected deferral period.
• Filing timeliness: Report filed 2026-06-03 for transactions through 2026-06-01 — appears to be timely (Form 4 typically due within two business days).

Context These are director compensation/deferral-related equity awards, not open-market purchases or sales. Such awards are routine for non-employee directors and reflect plan mechanics (dividend reinvestment and deferral elections) rather than an explicit buy/sell signal about company prospects.