Summary
This 8-K/A filing from PepsiCo, Inc. (PEP) provides an amendment to a previous disclosure regarding the appointment of Christine Tammara as Senior Vice President and Controller (Principal Accounting Officer), effective May 3, 2025. The amendment clarifies her compensation package for this new role. Investors should note the details of her base salary, incentive targets, and long-term incentive awards, as these represent significant executive compensation elements and could influence investor perception of management alignment and future performance incentives.
Key Highlights
- 1Christine Tammara appointed as Senior Vice President and Controller (Principal Accounting Officer) effective May 3, 2025.
- 2Ms. Tammara's annual base salary set at $450,000.
- 3Annual incentive target set at 95% of base salary.
- 4Annual incentive award for 2025 will be prorated based on performance.
- 5Ms. Tammara remains eligible for the long-term incentive program.
- 6Expected promotion award on July 1, 2025, with a target grant date value of $225,000.
Frequently Asked Questions
This filing is an amendment to a previous report, providing specific details on the compensation package for Christine Tammara, who will be taking on the role of Senior Vice President and Controller. For investors, this clarifies the financial incentives and rewards associated with a key accounting executive position, offering insight into how the company is structuring compensation for leadership.
Ms. Tammara's compensation includes an annual base salary of $450,000, an annual incentive target of 95% of her base salary (prorated for 2025), and eligibility for PepsiCo's long-term incentive program. Additionally, she is expected to receive a promotion award on July 1, 2025, with a target grant date value of $225,000.
Ms. Tammara's appointment to Senior Vice President and Controller is effective May 3, 2025. Her new salary and incentive targets are also effective from this date. The prorated annual incentive for 2025 will be determined by performance goals, and the promotion award is expected on July 1, 2025.