PEPSICO INC (PEP)

Steve Schmitt stock (Grant FV $6,999,980)

Steve Schmitt — Offer Letter | Annual base salary of $900,000.; Annual incentive target of 150% of base salary, not prorated for fiscal year ending December 27, 2025.; Sign-on bonus: $2,000,000 paid immediately, $1,500,000 paid on the first anniversary of the Effective Date. Subject to clawback if he resigns or is terminated for cause within 24 months.; Expected March 1, 2026 long-term incentive award with a target grant date value of $5,000,000.; Special one-time RSU grant with a target grant date value of $7,000,000, vesting 50% on the first anniversary and 50% on the second anniversary of the grant date.; In the event of termination without cause, entitled to full payment of any unpaid portion of the sign-on bonus and to vest in any unvested portion of the RSU grant.

Steve Schmitt Equity award

Marie T. Gallagher — Retirement Notification | Notified PepsiCo of intent to retire.; Retirement effective May 3, 2025.; Retirement is not due to any disagreement with the company or its management regarding accounting principles, practices, financial statement disclosure, or internal controls.

Ramon L. Laguarta Equity award

Ramon L. Laguarta Equity award (75,122 target units, 150,244 maximum, Grant FV $11,550,008)

Steven Williams Equity award

Steven Williams Equity award (24,683 target units, 49,366 maximum, Grant FV $3,795,011)