PepsiCo: director David W Gibbs received 1,606.113 shares

What happened

• David W Gibbs, a director, received a total of 1,606.113 shares via two awards: 13.756 shares acquired on Sep 30, 2026 (acquisition value N/A) and 1,592.357 shares acquired on Oct 1, 2026 at $125.60 per share for $200,000, per the Form 4 filing.

Key details

• Transaction dates and prices: Sep 30, 2026 (13.756 shares, value N/A); Oct 1, 2026 (1,592.357 shares at $125.60, total $200,000).
• Shares owned after the transaction: not reported in the information provided.
• Footnotes from the filing:
  • F1: Includes phantom stock units acquired between Jun 1, 2026 and Sep 30, 2026 through reinvestment of dividend equivalents at prices ranging from $126.72 to $135.40, payable in shares on a one-for-one basis.
  • F2: Represents phantom stock units received for service as a director that are payable in shares on a one-for-one basis commencing on the first day of the calendar quarter following the first anniversary of the filing person's retirement or resignation from PepsiCo's board.
• Filing date: Oct 5, 2026; timeliness not indicated in the information provided.

Why it may matter

• These entries are awards/phantom stock units payable in shares on a one-for-one basis, not open-market purchases or sales.
• The Oct 1, 2026 grant is reported with a cash value of $200,000; the Sep 30, 2026 acquisition shows acquisition value as N/A.
• The filing does not show why the insider traded or why the company acted.