VASELLA DANIEL 4

What Happened

• Daniel Vasella, a director of PepsiCo Inc. (PEP), acquired a total of 1,904.877 shares through awards/deferrals reported on a Form 4 filed June 3, 2026. The filing shows 1,480.909 shares (no per-share price listed) credited on May 31, 2026 and 423.968 shares acquired on June 1, 2026 at $141.52 per share, representing $60,000. These were acquisitions (award/deferral), not open-market purchases or sales.

Key Details

• Transaction types/dates: Award/Grant (code A) — 1,480.909 shares on 2026-05-31; 423.968 shares on 2026-06-01 at $141.52 ($60,000).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — the 1,480.909 figure includes phantom stock units from dividend-equivalent reinvestment between Dec 1, 2025 and May 31, 2026, at prices $138.96–$155.29, payable one-for-one in common stock. F2 — the 423.968 shares represent a regular cash retainer (or portion) Vasella elected to defer under the PepsiCo Director Deferral Program, paid in shares at the end of the deferral period.
• Filing timeliness: Form 4 was filed on 2026-06-03 covering the May 31 and June 1 entries; the filing appears timely (no late filing noted).

Context

• These entries reflect director compensation and dividend-equivalent reinvestment under PepsiCo’s director deferral program — routine non-market acquisitions that convert deferred cash/phantom units into company shares. Such grants are common for directors and are not the same as an open-market purchase that might signal a personal bullish bet.