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Get filing alertsPepsiCo elects Johnson & Johnson CEO Joaquin Duato as independent director
Filed September 17, 2026 · Period ending September 17, 2026 · ~1 min read
Key Changes
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Board elects Joaquin Duato, Chairman and CEO of Johnson & Johnson, as an independent director effective December 1, 2026.
Item 5.02 verify on EDGAR → -
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Duato will serve on the Audit Committee and receive an initial stock award of 1,000 shares plus a prorated phantom stock unit award valued at $166,667.
Item 5.02 verify on EDGAR →
Summary
PepsiCo's board has added Joaquin Duato, the Chairman and CEO of Johnson & Johnson, as an independent director effective December 1, 2026. He will also serve on the Audit Committee. His compensation includes a 1,000-share initial stock award, a prorated phantom stock unit award valued at $166,667 based on the December 1 closing price, and a $60,000 semi-annual cash retainer in June 2027.
For retail holders, this is a routine board refresh that brings large-cap healthcare leadership experience to PepsiCo's governance. The appointment is standard in structure and compensation, with no disclosed concerns or conflicts.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On September 17, 2026, the Board of Directors (the “Board”) of PepsiCo, Inc. (“PepsiCo”) elected Joaquin Duato as an independent member of the Board, effective December 1, 2026.
PepsiCo adds a new independent director to its Board. Joaquin Duato is the Chairman and CEO of Johnson & Johnson, bringing large-cap healthcare leadership experience. He will also serve on the Audit Committee.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
Mr. Duato will receive an initial stock award of 1,000 shares of PepsiCo Common Stock and a prorated annual equity award equal to a number of phantom stock units determined by dividing $166,667 by the closing price of PepsiCo Common Stock on December 1, 2026.
The new director's compensation includes a 1,000-share initial stock award and a prorated phantom stock unit award valued at $166,667 based on the December 1, 2026 closing price. He also receives a $60,000 semi-annual cash retainer payment in June 2027.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 18, 2026 · How we verify