Companies PepsiCo
PepsiCo (PEP): executive pay, fiscal 2025
Free brief. Every figure links to the company’s own filing.
Velarion Intel: free for 3 days, no card →Email me PepsiCo’s executive pay brief as a PDF
You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.
After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.
CEO vs. named peers41st pct.Of 21 peer CEOs
CEO pay, last three years
- $33,906,212FY2023
- $28,814,759FY2024
- $23,903,545FY2025
CEO total pay was $23,903,545 in fiscal 2025, down from $28,814,759 in fiscal 2024.
FY2025: salary $1,804,615 · bonus $0 · stock awards $11,550,008 · option awards $0
Executives and directors
Ramon Laguarta · CEORebecca Schmitt · ExecutiveSilviu Popovici · EVPStephen Schmitt · CFOSteven Williams · EVPJames Caulfield · ExecutiveAlberto Weisser · Independent DirectorCesar Conde · Independent DirectorDaniel Vasella, MD · Independent DirectorDarren Walker · Former director (through FY2025)David C. Page · Independent DirectorDavid W. Gibbs · Independent DirectorDina Dublon · Independent DirectorEdith W. Cooper · Independent DirectorIan Cook · Independent DirectorJennifer Bailey · Independent DirectorMichelle Gass · Independent DirectorRobert C. Pohlad · Independent DirectorSegun Agbaje · Independent DirectorSir Dave J. Lewis · Independent DirectorSusan M. Diamond · Independent Director
Frequently asked questions
Who was the highest-paid executive at PepsiCo in fiscal 2025?
As disclosed, Ramon Laguarta (Chairman of the Board and Chief Executive Officer) was the highest-paid executive at PepsiCo in fiscal 2025, with total compensation of $23,903,545.
How does PepsiCo's chief executive pay compare to its disclosed peer group?
As disclosed, Ramon Laguarta's total compensation ranked at the 41st percentile of PepsiCo's disclosed peer group.
What is PepsiCo's CEO-to-median employee pay ratio?
As disclosed, PepsiCo's CEO-to-median employee pay ratio was 449:1.
How did shareholders vote on PepsiCo's executive compensation?
As disclosed, 89.02% of shareholders supported PepsiCo's executive compensation in the latest say-on-pay vote.
How much does PepsiCo spend in total on board compensation for fiscal 2025?
As disclosed, PepsiCo reported total board compensation of $4,863,478 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Ramon Laguarta | $1,804,615 | $0 | $11,550,008 | $0 | $5,771,000 | $4,125,567 | $652,355 | $23,903,545 |
| Chairman of the Board and Chief Executive Officer | ||||||||
| Stephen Schmitt | 121,154 | 2,000,000 | 6,999,980 | 0 | 1,066,500 | 0 | 8,955 | 10,196,589 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Steven Williams | 999,231 | 0 | 3,795,011 | 0 | 1,505,000 | 1,339,374 | 130,302 | 7,768,918 |
| CEO, North America | ||||||||
| Silviu Popovici | 841,667 | 0 | 2,425,560 | 0 | 1,589,350 | 389,969 | 1,182,553 | 6,429,099 |
| CEO, Europe, Middle East and Africa | ||||||||
| Rebecca Schmitt | 746,154 | 1,800,000 | 1,781,963 | 0 | 1,219,760 | 0 | 128,740 | 5,676,617 |
| Executive Vice President and Chief People Officer | ||||||||
| James Caulfield | 742,308 | 0 | 2,144,966 | 0 | 790,990 | 946,896 | 25,350 | 4,650,510 |
| Former Executive Vice President and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Ramon Laguarta | $23,903,545 | $28,814,759 | $33,906,212 | ↓ −4,911,214 |
| Stephen Schmitt | 10,196,589 | — | — | — |
| Steven Williams | 7,768,918 | 8,068,450 | 9,986,729 | ↓ −299,532 |
| Silviu Popovici | 6,429,099 | 6,272,338 | 7,647,441 | ↑ +156,761 |
| Rebecca Schmitt | 5,676,617 | — | — | — |
| James Caulfield | 4,650,510 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation programs are designed to align the interests of our executive officers with our shareholders, underpinned by the following core principles. Pay for Performance: Put the majority of executive officer pay at-risk, where both short-term and long-term incentives depend on performance relative to predetermined goals. Payout at target when PepsiCo achieves its internal performance targets. Tie a significant portion of pay to the long-term performance of our stock.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | FW Cook |
| Clawback policy | True |
| Anti-hedging | True |
| Anti-pledging | True |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Steven Williams | PSU | 2025-03-01 | — | 24,683 | — | 49,366 | $3,795,011 |
| Silviu Popovici | PSU | 2025-03-01 | — | 15,776 | — | 31,552 | 2,425,560 |
| Rebecca Schmitt | PSU | 2025-03-01 | — | 11,590 | — | 23,180 | 1,781,963 |
| Ramon Laguarta | PSU | 2025-03-01 | — | 75,122 | — | 150,244 | 11,550,008 |
| Stephen Schmitt | RSU | 2025-11-10 | — | — | 49,209 | — | 6,999,980 |
| James Caulfield | PSU | 2025-03-01 | — | 13,951 | — | 27,902 | 2,144,966 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Steven Williams | $0 | $3,795,011 | $0 | 100.0% |
| Silviu Popovici | 0 | 2,425,560 | 0 | 100.0% |
| Rebecca Schmitt | 0 | 1,781,963 | 0 | 100.0% |
| Ramon Laguarta | 0 | 11,550,008 | 0 | 100.0% |
| Stephen Schmitt | 6,999,980 | 0 | 0 | 0.0% |
| James Caulfield | 0 | 2,144,966 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Schmitt | PSU | 9,442 | — | $1,357,571 |
| Schmitt | PSU | 10,447 | — | 1,502,070 |
| Schmitt | PSU | 11,590 | — | 1,666,410 |
| Silviu Popovici | PSU | 12,351 | — | 1,775,827 |
| James Caulfield | PSU | 13,059 | — | 1,877,623 |
| Silviu Popovici | PSU | 13,260 | — | 1,906,523 |
| James Caulfield | PSU | 13,951 | — | 2,005,875 |
| Steven Williams | PSU | 15,439 | — | 2,219,819 |
| Silviu Popovici | PSU | 15,776 | — | 2,268,273 |
| Steven Williams | PSU | 18,082 | — | 2,599,830 |
| Schmitt | RSU | 24,604 | — | 3,537,563 |
| Schmitt | RSU | 24,605 | — | 3,537,707 |
| Steven Williams | PSU | 24,683 | — | 3,548,922 |
| Ramon Laguarta | PSU | 59,825 | — | 8,601,639 |
| Ramon Laguarta | PSU | 67,005 | — | 9,633,979 |
| Ramon Laguarta | PSU | 75,122 | — | 10,801,041 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Daniel Vasella, MDIndependent · Compensation · Nominating and Corporate Governance | $120,000 | $200,000 | $0 | — | $72,764 | $392,764 |
| Ian CookIndependent · Nominating and Corporate Governance | 170,000 | 200,000 | 0 | — | 20,000 | 390,000 |
| Darren WalkerIndependent · Departed during FY | 150,000 | 200,000 | 0 | — | 21,277 | 371,277 |
| Susan M. DiamondIndependent · Audit (Chair) | 143,333 | 200,000 | 0 | — | 20,000 | 363,333 |
| Cesar CondeIndependent · Compensation (Chair) · Nominating and Corporate Governance | 160,000 | 200,000 | 0 | — | — | 360,000 |
| Robert C. PohladIndependent · Compensation · Nominating and Corporate Governance (Chair) | 150,000 | 200,000 | 0 | — | — | 350,000 |
| Dina DublonIndependent · Compensation · Sustainability and Public Policy | 120,000 | 200,000 | 0 | — | 20,000 | 340,000 |
| Alberto WeisserIndependent · Audit | 136,667 | 200,000 | 0 | — | — | 336,667 |
| David C. PageIndependent · Compensation · Sustainability and Public Policy · Not standing for re-election | 120,000 | 200,000 | 0 | — | 16,000 | 336,000 |
| Sir Dave J. LewisIndependent · Sustainability and Public Policy | 120,000 | 200,000 | 0 | — | 13,437 | 333,437 |
| Edith W. CooperIndependent · Audit | 120,000 | 200,000 | 0 | — | 10,000 | 330,000 |
| Michelle GassIndependent · Sustainability and Public Policy (Chair) | 120,000 | 200,000 | 0 | — | — | 320,000 |
| Jennifer BaileyIndependent · Audit | 120,000 | 200,000 | 0 | — | — | 320,000 |
| Segun AgbajeIndependent · Audit · Not standing for re-election | 120,000 | 200,000 | 0 | — | — | 320,000 |
| David W. GibbsIndependent · Newly elected | 0 | 0 | 0 | — | 0 | 0 |
| Ramon L. LaguartaEmployee director · Board Chair | 0 | 0 | 0 | — | 0 | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $120,000 |
|---|---|
| Annual equity retainer | $200,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 40,000 / 40,000 / 30,000 |
| Stock ownership guideline | 5x annual cash retainer ($600,000) |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $1,870,000 |
| Equity awards (grant-date value) | $2,800,000 |
| All other compensation | $193,478 |
| Total cost of the board | $4,863,478 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names PepsiCo as a peer
Companies that benchmark against PEP
36 companies name PEP as a compensation peer
The list of companies that name PEP as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
PFE Pfizer Inc.WMT Walmart Inc.CL Colgate-Palmolive CompanyGIS General Mills, Inc.MMM 3M CompanyJNJ Johnson & JohnsonUPS United Parcel Service, Inc.VZ Verizon Communications Inc.FDX FedEx CorporationMDLZ Mondelez International, Inc.MCD McDonald's CorporationBUD Anheuser-Busch InBev SA/NVNKE NIKE, Inc.DIS The Walt Disney Company Nestlé S.A.KO The Coca-Cola CompanyKHC The Kraft Heinz CompanyPG The Procter & Gamble CompanySBUX Starbucks Corporation Danone S.A.UL Unilever PLC
Peer reciprocity
The companies PepsiCo names as compensation peers that name it back in their own disclosed peer groups.
Pfizer Inc. (PFE)103Walmart Inc. (WMT)104General Mills, Inc. (GIS)105United Parcel Service, Inc. (UPS)106Mondelez International, Inc. (MDLZ)107NIKE, Inc. (NKE)108The Coca-Cola Company (KO)109The Kraft Heinz Company (KHC)110The Procter & Gamble Company (PG)111Starbucks Corporation (SBUX)112
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | The Walt Disney Company | 2025 | Robert Iger | $1,000,000 | $21,000,057 | $14,000,006 | $7,250,000 | $45,842,574 |
| 2 | Nike, Inc. | 2026 | Elliott Hill | 1,500,000 | 28,137,798 | 3,967,113 | 2,220,000 | 36,340,876 |
| 3 | Verizon Communications Inc. | 2025 | Daniel Schulman | 375,000 | 32,774,795 | 0 | 937,500 | 34,311,016 |
| 4 | Johnson & Johnson | 2025 | Joaquin Duato | 1,600,000 | 15,028,948 | 5,927,995 | 4,298,700 | 32,758,111 |
| 5 | The Coca-Cola Company | 2025 | James Quincey | 1,675,000 | 12,516,109 | 10,352,255 | 5,025,000 | 31,208,165 |
| 6 | Starbucks Corporation | 2025 | Brian Niccol | 1,599,998 | 19,881,585 | 0 | 1,971,000 | 30,992,773 |
| 7 | Walmart Inc. | 2026 | Doug McMillon | 1,500,000 | 21,051,605 | 0 | 4,032,000 | 29,240,930 |
| 8 | Pfizer Inc. | 2025 | Albert Bourla | 1,800,000 | 9,442,705 | 8,998,141 | 5,400,000 | 27,585,301 |
| 9 | FedEx Corporation | 2026 | Rajesh Subramaniam | 1,550,000 | 6,731,364 | 3,715,062 | 10,593,500 | 27,554,018 |
| 10 | Mondelez International, Inc. | 2025 | Dirk Van de Put | 1,624,615 | 14,530,359 | 4,401,555 | 3,234,000 | 24,516,114 |
| 11 | PepsiCo | 2025 | Ramon Laguarta | 1,804,615 | 11,550,008 | 0 | 5,771,000 | 23,903,545 |
| 12 | United Parcel Service, Inc. | 2025 | Carol Tomé | 1,509,713 | 17,550,546 | 1,358,754 | 2,264,569 | 22,878,788 |
| 13 | 3M Company | 2025 | William Brown | 1,800,000 | 7,753,852 | 7,001,242 | 3,745,322 | 21,005,009 |
| 14 | McDonald's Corporation | 2025 | Christopher Kempczinski | 1,550,000 | 8,000,215 | 8,000,066 | 2,367,160 | 20,574,525 |
| 15 | The Procter & Gamble Company | 2026 | Shailesh Jejurikar | 1,387,500 | 11,035,209 | 3,500,010 | 0 | 18,976,742 |
| 16 | Colgate-Palmolive Company | 2025 | Noel Wallace | 1,500,000 | 8,005,152 | 3,570,016 | 2,455,950 | 16,478,196 |
| 17 | General Mills, Inc. | 2026 | Jeffrey Harmening | 1,350,000 | 7,326,405 | 2,279,973 | 1,404,540 | 14,018,052 |
| 18 | The Kraft Heinz Company | 2025 | Carlos Abrams-Rivera | 1,100,000 | 8,102,609 | 0 | 1,520,310 | 10,748,810 |
| — | Anheuser-Busch InBev SA/NV | — | — | — | — | — | — | not in coverage universe |
| — | Unilever PLC | — | — | — | — | — | — | not in coverage universe |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| PepsiCo | not disclosed | not disclosed | Yes — Relative TSR Performance | FW Cook |
| 3M Company | 118.9% | PSU 50 · Options 50 | No | FW Cook |
| Anheuser-Busch InBev SA/NV | not disclosed | not disclosed | not disclosed | not disclosed |
| Colgate-Palmolive Company | 93.6% | PSU 50 · Options 30 · RSU 20 | No | FW Cook |
| FedEx Corporation | 112.5% | not disclosed | Yes — Relative TSR (FY24-FY26 LTI Cash Plan) | Meridian Compensation Partners, LLC |
| General Mills, Inc. | 58% | PSU 50 · RSU 25 · Option 25 | Yes — Relative TSR Modifier | FW Cook |
| Johnson & Johnson | not disclosed | not disclosed | Yes — Relative TSR | Semler Brossy Consulting Group |
| McDonald's Corporation | not disclosed | PRSU 50 · Option 50 | No | Semler Brossy Consulting Group LLC |
| Mondelez International, Inc. | 91% | PSU 75 · Option 25 | No | not disclosed |
| Nike, Inc. | 74% | PSU 50 · Option 25 · RSU 25 | Yes — Relative TSR | not disclosed |
| Pfizer Inc. | 150% | PSU 50 · MSU 50 | Yes — relative TSR as compared to the NYSE Arca Pharmaceutical Index (DRG Index or DRG) | Meridian Compensation Partners, LLC |
| Starbucks Corporation | not disclosed | PRSU 60 · RSU 40 | Yes — Relative TSR | Pay Governance |
| The Coca-Cola Company | 150% | PSU 50 · Options 50 | Yes — Relative TSR modifier | Meridian Compensation Partners, LLC |
| The Kraft Heinz Company | 46.07% | PSU 70 · RSU 30 | Yes — 3-year average annual Company Total Shareholder Return (TSR) performance relative to the performance peer group | Meridian Compensation Partners LLC |
| The Procter & Gamble Company | not disclosed | PSU 50 · RSU 25 · Option 25 | Yes — Relative TSR Multiplier | Meridian Compensation Partners, LLC |
| The Walt Disney Company | not disclosed | PSU 60 · Options 40 | Yes — TSR performance relative to the S&P 500 Media & Entertainment Index | Pay Governance LLC |
| Unilever PLC | not disclosed | not disclosed | not disclosed | not disclosed |
| United Parcel Service, Inc. | 75% | PSU 93 · Options 7 | Yes — Relative Total Shareowner Return (RTSR) | FW Cook |
| Verizon Communications Inc. | 100% | PSU 60 · RSU 40 | Yes — relative total shareholder return (TSR) position compared with the companies in the S&P 100 | Meridian Compensation Partners, LLC |
| Walmart Inc. | 112% | not disclosed | No | Farient Advisors LLC |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-06 | 889,386,771 | 109,646,883 | 4,419,700 | 89.02% | Passed |
| 2025 | 2025-05-07 | 866,270,459 | 131,062,509 | 9,251,419 | 86.86% | Passed |
| 2024 | 2024-05-01 | 889,447,400 | 102,710,531 | 9,563,856 | 89.65% | Passed |
| 2023 | 2023-05-03 | 901,248,622 | 110,102,370 | 8,796,897 | 89.11% | Passed |
| 2022 | 2022-05-04 | 934,142,965 | 75,564,044 | 11,047,388 | 92.52% | Passed |
| 2021 | 2021-05-05 | 911,663,062 | 81,493,937 | 11,120,545 | 91.79% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-06 | 89.02%a |
| 2025 | 2025-05-07 | 86.86%b |
| 2024 | 2024-05-01 | 89.65%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as cast either for or against a matter, and therefore will not affect the outcome of the vote on any matter.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as cast either for or against a matter, and therefore will not affect the outcome of the vote on any matter.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes are not treated as cast either for or against a matter, and therefore will not affect the outcome of the vote.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 449 : 1 |
|---|---|
| CEO total compensation | $23,903,545 |
| Median employee compensation | $53,296 |
Insider trades since the proxy
Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.
| Insider | Role | Transaction date | Code | Shares | Price | Value | Security | Source |
|---|---|---|---|---|---|---|---|---|
| David W. Gibbs | Director | 2026-05-06 | A | 534.33 | $0 | $0 | Common | Form 4 ↗ |
| David W. Gibbs | Director | 2026-05-06 | A | 1,000 | 0 | 0 | Common | Form 4 ↗ |
| Jennifer Bailey | Director | 2026-05-31 | A | 125 | — | — | Common | Form 4 ↗ |
| Daniel Vasella, MD | Director | 2026-05-31 | A | 1,480.91 | — | — | Common | Form 4 ↗ |
| Susan M. Diamond | Director | 2026-05-31 | A | 128.12 | — | — | Common | Form 4 ↗ |
| Jennifer Bailey | Director | 2026-06-01 | A | 423.97 | 142 | 60,000 | Common | Form 4 ↗ |
| David W. Gibbs | Director | 2026-06-01 | A | 70.66 | 142 | 10,000 | Common | Form 4 ↗ |
| Susan M. Diamond | Director | 2026-06-01 | A | 565.29 | 142 | 80,000 | Common | Form 4 ↗ |
| Daniel Vasella, MD | Director | 2026-06-01 | A | 423.97 | 142 | 60,000 | Common | Form 4 ↗ |
| Eugene Willemsen | CEO, International Beverages | 2026-07-01 | A | 809 | 0 | 0 | Common | Form 4 ↗ |
| Eugene Willemsen | CEO, International Beverages | 2026-07-01 | A | 540 | 0 | 0 | RSU | Form 4 ↗ |
| David Flavell | EVP, Gen Counsel & Corp Sec | 2026-07-27 | D | 2,900 | 140 | 404,674 | Common | Form 4 ↗ |
| Ramkumar Krishnan | CEO, North America | 2026-08-03 | A | 76.86 | — | — | Derivative, Class A Common | Form 4 ↗ |
| Ramkumar Krishnan | CEO, North America | 2026-08-03 | D | 1,320 | — | — | Common | Form 4 ↗ |
| Ramkumar Krishnan | CEO, North America | 2026-08-03 | D | 5,688 | — | — | Common | Form 4 ↗ |
| Ramkumar Krishnan | CEO, North America | 2026-08-03 | A | 1,320 | — | — | Common | Form 4 ↗ |
| Ramkumar Krishnan | CEO, North America | 2026-08-03 | A | 5,688 | — | — | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-08-05 | A | 398.32 | — | — | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-08-06 | A | 79,731 | 0 | 0 | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-08-06 | D | 900,000 | 0 | 0 | Common | Form 4 ↗ |
| Jennifer Bailey | Director | 2026-09-30 | A | 158.31 | — | — | Common | Form 4 ↗ |
| Dina Dublon | Director | 2026-09-30 | A | 1,951.1 | — | — | Common | Form 4 ↗ |
| David W. Gibbs | Director | 2026-09-30 | A | 13.76 | — | — | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-09-30 | A | 235.06 | 127 | 29,787 | Common | Form 4 ↗ |
| Ian Cook | Director | 2026-09-30 | A | 1,887.68 | — | — | Common | Form 4 ↗ |
| Michelle Gass | Director | 2026-09-30 | A | 467.7 | — | — | Common | Form 4 ↗ |
| Alberto Weisser | Director | 2026-09-30 | A | 1,336.05 | — | — | Common | Form 4 ↗ |
| Susan M. Diamond | Director | 2026-09-30 | A | 165.23 | — | — | Common | Form 4 ↗ |
| Cesar Conde | Director | 2026-09-30 | A | 736.82 | — | — | Common | Form 4 ↗ |
| Sir Dave J. Lewis | Director | 2026-09-30 | A | 415.55 | — | — | Common | Form 4 ↗ |
| Daniel Vasella, MD | Director | 2026-09-30 | A | 1,770.91 | — | — | Common | Form 4 ↗ |
| Edith W. Cooper | Director | 2026-09-30 | A | 319.58 | — | — | Common | Form 4 ↗ |
| Jennifer Bailey | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| David W. Gibbs | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Cesar Conde | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Daniel Vasella, MD | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Susan M. Diamond | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Edith W. Cooper | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Michelle Gass | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Alberto Weisser | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Dina Dublon | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Sir Dave J. Lewis | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Ian Cook | Director | 2026-10-01 | A | 1,592.36 | 126 | 200,000 | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-10-14 | A | 9,989 | 128 | 1,281,389 | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-10-14 | A | 45,075 | 128 | 5,782,221 | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-10-14 | A | 45,075 | 128 | 5,782,221 | Common | Form 4 ↗ |
| Robert C. Pohlad | Director | 2026-10-14 | A | 84,507 | 128 | 10,840,558 | Common | Form 4 ↗ |
| Ramon Laguarta | Director | 2026-10-21 | D | 30,000 | 135 | 4,053,891 | Common | Form 4 ↗ |
Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.
Sources (112 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Ramon Laguarta. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 69. As printed: 23,903,545. View filing ↗
- Section 01, Stephen Schmitt. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 69. As printed: 10,196,589. View filing ↗
- Section 01, Steven Williams. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 69. As printed: 7,768,918. View filing ↗
- Section 01, Silviu Popovici. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 69. As printed: 6,429,099. View filing ↗
- Section 01, Rebecca Schmitt. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 69. As printed: 5,676,617. View filing ↗
- Section 01, James Caulfield. DEF 14A, filed 2026-03-27. Section “2025 Summary Compensation Table” · page 69. As printed: 4,650,510. View filing ↗
- Section 03, Steven Williams PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Silviu Popovici PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Rebecca Schmitt PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Ramon Laguarta PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Stephen Schmitt RSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, James Caulfield PSU. DEF 14A, filed 2026-03-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 449 : 1. View filing ↗
- Section 08, Daniel Vasella, MD. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 392,764. View filing ↗
- Section 08, Ian Cook. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 390,000. View filing ↗
- Section 08, Darren Walker. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 371,277. View filing ↗
- Section 08, Susan M. Diamond. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 363,333. View filing ↗
- Section 08, Cesar Conde. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 360,000. View filing ↗
- Section 08, Robert C. Pohlad. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 350,000. View filing ↗
- Section 08, Dina Dublon. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 340,000. View filing ↗
- Section 08, Alberto Weisser. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 336,667. View filing ↗
- Section 08, David C. Page. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 336,000. View filing ↗
- Section 08, Sir Dave J. Lewis. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 333,437. View filing ↗
- Section 08, Edith W. Cooper. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 330,000. View filing ↗
- Section 08, Michelle Gass. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 320,000. View filing ↗
- Section 08, Jennifer Bailey. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 320,000. View filing ↗
- Section 08, Segun Agbaje. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 320,000. View filing ↗
- Section 08, David W. Gibbs. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Ramon L. Laguarta. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 02, David W. Gibbs 2026-05-06. Form 4, filed 2026-05-08. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David W. Gibbs 2026-05-06. Form 4, filed 2026-05-08. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jennifer Bailey 2026-05-31. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel Vasella, MD 2026-05-31. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Susan M. Diamond 2026-05-31. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jennifer Bailey 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David W. Gibbs 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Susan M. Diamond 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel Vasella, MD 2026-06-01. Form 4, filed 2026-06-03. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eugene Willemsen 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Eugene Willemsen 2026-07-01. Form 4, filed 2026-07-02. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David Flavell 2026-07-27. Form 4, filed 2026-07-29. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ramkumar Krishnan 2026-08-03. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ramkumar Krishnan 2026-08-03. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ramkumar Krishnan 2026-08-03. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ramkumar Krishnan 2026-08-03. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ramkumar Krishnan 2026-08-03. Form 4, filed 2026-08-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-08-05. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-08-06. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-08-06. Form 4, filed 2026-08-07. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jennifer Bailey 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Dina Dublon 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David W. Gibbs 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ian Cook 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michelle Gass 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Alberto Weisser 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Susan M. Diamond 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Cesar Conde 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sir Dave J. Lewis 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel Vasella, MD 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edith W. Cooper 2026-09-30. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Jennifer Bailey 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, David W. Gibbs 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Cesar Conde 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Daniel Vasella, MD 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Susan M. Diamond 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Edith W. Cooper 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Michelle Gass 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Alberto Weisser 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Dina Dublon 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Sir Dave J. Lewis 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ian Cook 2026-10-01. Form 4, filed 2026-10-05. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-10-14. Form 4, filed 2026-10-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-10-14. Form 4, filed 2026-10-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-10-14. Form 4, filed 2026-10-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Robert C. Pohlad 2026-10-14. Form 4, filed 2026-10-16. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 02, Ramon Laguarta 2026-10-21. Form 4, filed 2026-10-23. Insider equity transaction reported since the proxy statement. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-08. Item 5.07 · say-on-pay result. As reported: 89.02% (votes for as printed: 889,386,771). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-09. Item 5.07 · say-on-pay result. As reported: 86.86% (votes for as printed: 866,270,459). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-03. Item 5.07 · say-on-pay result. As reported: 89.65% (votes for as printed: 889,447,400). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 1,870,000 + equity 2,800,000 + all other 193,478 = 4,863,478, summed across the director compensation table rows.
- The Walt Disney Company, Section 10b CEO total. DEF 14A, filed 2026-01-22. CEO total compensation as printed in The Walt Disney Company's own proxy. As printed: 45,842,574. View filing ↗
- Nike, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in Nike, Inc.'s own proxy. As printed: 36,340,876. View filing ↗
- Verizon Communications Inc., Section 10b CEO total. DEF 14A, filed 2026-04-06. CEO total compensation as printed in Verizon Communications Inc.'s own proxy. As printed: 34,311,016. View filing ↗
- Johnson & Johnson, Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Johnson & Johnson's own proxy. As printed: 32,758,111. View filing ↗
- The Coca-Cola Company, Section 10b CEO total. DEF 14A, filed 2026-03-16. CEO total compensation as printed in The Coca-Cola Company's own proxy. As printed: 31,208,165. View filing ↗
- Starbucks Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-26. CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. View filing ↗
- Walmart Inc., Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in Walmart Inc.'s own proxy. As printed: 29,240,930. View filing ↗
- Pfizer Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Pfizer Inc.'s own proxy. As printed: 27,585,301. View filing ↗
- FedEx Corporation, Section 10b CEO total. DEF 14A, filed 2026-08-17. CEO total compensation as printed in FedEx Corporation's own proxy. As printed: 27,554,018. View filing ↗
- Mondelez International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in Mondelez International, Inc.'s own proxy. As printed: 24,516,114. View filing ↗
- PepsiCo (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in PepsiCo's own proxy. As printed: 23,903,545. View filing ↗
- United Parcel Service, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in United Parcel Service, Inc.'s own proxy. As printed: 22,878,788. View filing ↗
- 3M Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in 3M Company's own proxy. As printed: 21,005,009. View filing ↗
- McDonald's Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-07. CEO total compensation as printed in McDonald's Corporation's own proxy. As printed: 20,574,525. View filing ↗
- The Procter & Gamble Company, Section 10b CEO total. DEF 14A, filed 2026-08-28. CEO total compensation as printed in The Procter & Gamble Company's own proxy. As printed: 18,976,742. View filing ↗
- Colgate-Palmolive Company, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Colgate-Palmolive Company's own proxy. As printed: 16,478,196. View filing ↗
- General Mills, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-13. CEO total compensation as printed in General Mills, Inc.'s own proxy. As printed: 14,018,052. View filing ↗
- The Kraft Heinz Company, Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in The Kraft Heinz Company's own proxy. As printed: 10,748,810. View filing ↗
- Section 10a, Pfizer Inc. reciprocity. DEF 14A. Pfizer Inc. names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Walmart Inc. reciprocity. DEF 14A. Walmart Inc. names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, General Mills, Inc. reciprocity. DEF 14A. General Mills, Inc. names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, United Parcel Service, Inc. reciprocity. DEF 14A. United Parcel Service, Inc. names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Mondelez International, Inc. reciprocity. DEF 14A. Mondelez International, Inc. names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, NIKE, Inc. reciprocity. DEF 14A. NIKE, Inc. names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Coca-Cola Company reciprocity. DEF 14A. The Coca-Cola Company names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Kraft Heinz Company reciprocity. DEF 14A. The Kraft Heinz Company names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Procter & Gamble Company reciprocity. DEF 14A. The Procter & Gamble Company names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Starbucks Corporation reciprocity. DEF 14A. Starbucks Corporation names PepsiCo in its own disclosed peer group (read from its most recent proxy). View filing ↗