PepsiCo Director Jennifer Bailey Receives ~$200K Annual Board Equity Grant

Insider Filing Analysis: PepsiCo Inc ($PEP)

Executive Summary

On October 5, 2026, PepsiCo Director Jennifer Bailey reported acquisitions of phantom stock units under the company's director compensation and deferral plans. The primary transaction occurred on October 1, 2026, involving the grant of 1,592.3566 phantom stock units at an award price of $125.60 per share, totaling $200,000. Additionally, 158.3081 units were credited on September 30, 2026, via dividend equivalent reinvestment.

Key Transaction Details

• Grant Transaction Date: October 1, 2026
• Shares/Units Acquired: 1,592.3566 phantom stock units
• Award Price: $125.60 per unit
• Transaction Value: $200,000.00
• Dividend Reinvestment: 158.3081 phantom units acquired between June 1, 2026, and September 30, 2026, pursuant to the PepsiCo Director Deferral Program
• Post-Transaction Holdings: 9,713.0799 shares/units

Strategic Context & Trading Significance

This Form 4 represents standard quarterly/annual equity compensation for non-employee board service and scheduled dividend equivalent credits under the PepsiCo Director Deferral Program. Because this reflects predetermined board compensation rather than discretionary open-market buying or selling, it carries Low trading significance for investors.