PepsiCo (PEP) executive compensation, 2026 proxy

Ramon L. Laguarta, Chairman of the Board and Chief Executive Officer, was paid $23.9M in 2025, down 17% from $28.8M the year before. The CEO-to-median-employee pay ratio was 449:1, on median employee pay of $53,296.

Filed
March 27, 2026
Annual meeting
May 6, 2026
Pay year
2025
Named executives
6
CEO total pay
$23.9M-17% vs prior year
CEO to median employee
449:1median $53,296
CEO pay in equity
48%$11.6M in awards
Free Cash Flow
$10.0 BillionExcluding certain items
Organic Revenue
1.7%Performance change
Total Shareholder Return
-1.9%Annual TSR performance
Cash Returned to Shareholders
$8.6 BillionTotal capital returned
CEO Stock Awards
$11,550,008Grant date fair value

How Laguarta was paid

$23.9M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary8%Stock awards48%Non-equity incentive24%Pension and deferred comp17%All other compensation3%

Named executive officers

ExecutiveTotal
Ramon L. LaguartaChairman of the Board and Chief Executive Officer$23,903,545
Steve SchmittEVP and CFO$10,196,589
Steven WilliamsCEO, NA$7,768,918
Silviu PopoviciCEO, EMEA$6,429,099
Becky SchmittEVP and CPO$5,676,617
Jamie CaulfieldFormer EVP and CFO$4,650,510

What changed and why

  • $23.9MCEO total compensation decreased to $23,903,545 in 2025 from $28,814,759 in 2024.
  • 1.7%Organic revenue performance grew by 1.7% during fiscal year 2025.
  • $10.0BFree cash flow excluding certain items reached $10.0 billion for the year.
  • 1.9%Total shareholder return decreased by 1.9% during the fiscal year.
  • $8.6BCash returned to shareholders totaled $8.6 billion in 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.