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PepsiCo Executive Compensation (FY25)

PEP · Purchase, NY · Executive and director compensation, fiscal 2022 to 2025

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Data as of September 17, 2026Latest filing (8-K): May 8, 2026
16 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
PepsiCo brief$1,500Get the executive brief
286 figures on this page: 275 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Ramon Laguarta
Median of the other named officers
$5,676,617
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 6, 2026
Chief executive pay ratio
◇
To the median employee

More on PepsiCo

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ramon Laguarta: $28,814,759 → $23,903,545 (17.0% lower)
Say-on-pay support: 86.9% → 89.0% (2.1 points higher)
CEO pay ratio: 538:1 → 449:1 (16.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is PepsiCo's chief executive and what were they paid?
Ramon Laguarta, Chairman of the Board and Chief Executive Officer, received $23,903,545 in total compensation for fiscal 2025. Compared with the $28,814,759 reported for fiscal 2024, Laguarta's total was 17.0% lower.
What was PepsiCo's say-on-pay result?
Shareholders supported the say-on-pay proposal with 89.0% of votes cast for or against in favor at the meeting held May 6, 2026 for fiscal 2025.
Which companies are in PepsiCo's peer group?
Companies named in the disclosed peer group include 3M Company, Anheuser-Busch InBev SA/NV, Colgate-Palmolive Company, Danone S.A. and FedEx Corporation, among others.
What is PepsiCo's chief executive pay ratio?
The company reported a chief executive pay ratio of 449:1 for fiscal 2025, against median employee compensation of $53,296.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ramon Laguarta
Chairman of the Board and Chief Executive Officer
◇—◇—◇◇◇◇
Hugh Johnston
Vice Chairman, EVP and CFO
Departed during or after this year
◇—◇—◇◇◇◇
Silviu Popovici
CEO, Europe
◇—◇—◇◇◇◇
Steven Williams
CEO, PepsiCo Foods North America
◇—◇—◇◇◇◇
Kirk Tanner
CEO, PBNA
Departed during or after this year
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ramon Laguarta
Chairman of the Board and Chief Executive Officer
◇—◇—◇◇◇◇
Steven Williams
CEO, PepsiCo Foods North America
◇—◇—◇◇◇◇
Kirk Tanner
CEO, PBNA
Departed during or after this year
◇—◇—◇◇◇◇
Silviu Popovici
CEO, Europe
◇—◇—◇◇◇◇
Jamie Caulfield
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ramon Laguarta
Chairman of the Board and Chief Executive Officer
◇—◇—◇◇◇◇
Steven Williams
CEO, PepsiCo Foods North America
◇—◇—◇◇◇◇
Kirk Tanner
Former Executive Vice President and CEO, North America Beverages
Departed during or after this year
◇—————◇◇
Silviu Popovici
CEO, Europe
◇—◇—◇◇◇◇
Becky Schmitt
Executive Vice President and Chief People Officer
◇◇◇—◇—◇◇
Jamie Caulfield
Executive Vice President and Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ramon Laguarta
Chairman of the Board and Chief Executive Officer
◇—◇—◇◇◇◇
Steven Williams
CEO, North America
◇—◇—◇◇◇◇
Silviu Popovici
CEO, Europe, Middle East and Africa
◇—◇—◇◇◇◇
Stephen Schmitt
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇— not reconciled
Rebecca Schmitt
Executive Vice President and Chief People Officer
◇◇◇—◇—◇◇
James Caulfield
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
James CaulfieldPSU◇—◇—◇—◇
Ramon LaguartaPSU◇—◇—◇—◇
Rebecca SchmittPSU◇—◇—◇—◇
Silviu PopoviciPSU◇—◇—◇—◇
Stephen SchmittRSU◇——◇——◇
Steven WilliamsPSU◇—◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Silviu PopoviciPSU◇◇——
PSU◇◇——
PSU◇◇——
Steven WilliamsPSU◇◇——
PSU◇◇——
PSU◇◇——
Ramon LaguartaPSU◇◇——
PSU◇◇——
PSU◇◇——
Becky SchmittPSU◇◇——
PSU◇◇——
PSU◇◇——
Jamie CaulfieldPSU◇◇——
PSU◇◇——
Stephen SchmittRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Daniel Vasella, MD
◇◇———◇◇
Ian Cook
◇◇———◇◇
Darren Walker
◇◇———◇◇
Susan M. Diamond
◇◇———◇◇
Cesar Conde
◇◇————◇
Robert C. Pohlad
◇◇————◇
Dina Dublon
◇◇———◇◇
Alberto Weisser
◇◇————◇
David C. Page
◇◇———◇◇
Sir Dave J. Lewis
◇◇———◇◇
Edith W. Cooper
◇◇———◇◇
Michelle Gass
◇◇————◇
Segun Agbaje
◇◇————◇
Jennifer Bailey
◇◇————◇
David W. Gibbs and Ramon L. Laguarta served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Phantom Units.
Stock ownership guideline: 5x annual cash retainer ($600,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Anheuser-Busch InBev SA/NV BUD
  • Colgate-Palmolive Company CL
  • Danone S.A. symbol not shown
  • FedEx Corporation FDX
  • General Mills, Inc. GIS
  • Johnson & Johnson JNJ
  • McDonald's Corporation MCD
  • Mondelez International, Inc. MDLZ
  • Nestlé S.A. symbol not shown
  • NIKE, Inc. NKE
  • Pfizer Inc. PFE
  • Starbucks Corporation SBUX
  • The Coca-Cola Company KO
  • The Kraft Heinz Company KHC
  • The Procter & Gamble Company PG
  • The Walt Disney Company DIS
  • Unilever PLC UL
  • United Parcel Service, Inc. UPS
  • Verizon Communications Inc. VZ
  • Walmart Inc. WMT

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 6, 2026=◇◇◇
2024May 7, 2025=◇◇◇
2023May 1, 2024=◇◇◇
2022May 3, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 1, 2019=◇◇◇
2017May 2, 2018=◇◇◇
2016May 3, 2017=◇◇◇
2015May 4, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact PepsiCo disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where PepsiCo sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
286 figures on this page: 275 cited to the filing that reported them, 11 calculated from figures it prints.
275 cited to the filing
11 calculated from the filing

Documents cited

  1. 0000077476-26-000024
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001308179-26-000169
    2025 Director Compensation · 2025 Grants of Plan-Based Awards · 2025 Non-Employee Director Compensation · 2025 Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 000130817926000169
    CEO Pay Ratio
  4. 0000077476-25-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001308179-25-000289
    2024 Summary Compensation Table
  6. 0000077476-24-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001308179-24-000258
    2023 Summary Compensation Table
  8. 0000077476-23-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001308179-23-000279
    Summary Compensation Table
  10. 0000077476-22-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000077476-21-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000077476-20-000045
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000077476-19-000046
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000077476-18-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000077476-17-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  16. 0000077476-16-000078
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “PepsiCo executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PEP (accessed 2026).
Short form: data: Velarion

The paid brief for PepsiCo

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
16 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers PepsiCo discloses

The companies named in PEP's own disclosed peer group.

3M CompanyColgate-Palmolive CompanyFedEx CorporationGeneral Mills, Inc.Johnson & JohnsonMcDonald's CorporationMondelez International, Inc.NIKE, Inc.Pfizer Inc.Starbucks CorporationThe Coca-Cola CompanyThe Kraft Heinz CompanyThe Procter & Gamble CompanyThe Walt Disney CompanyUnited Parcel Service, Inc.Verizon Communications Inc.Walmart Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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