Ramon Laguarta, CEO of PepsiCo (PEP), earned $12.0M in total compensation in 2025. PepsiCo receives a Pay-for-Performance grade of C (57/100), with a CEO-to-worker pay ratio of 200:1 and a say-on-pay shareholder approval of 90.8%. The company's 3-year total shareholder return is -4.6%.
How PepsiCo CEO Pay Compares
Ramon Laguarta's $12.0M total compensation is 0% below the Beverages industry median of $12.0M. The 200:1 CEO-to-worker pay ratio is 12% higher than the industry average of 178:1.
Ramon Laguarta, CEO of PepsiCo (PEP), received $12.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio is 200x, meaning Ramon Laguarta's $12.0M total comp is roughly that many times the median $60,000 earned by PepsiCo workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been muted across the three-year window: -4.6% TSR, 1.3% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Say-on-pay support was strong at 91%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. PepsiCo operates in Beverages with 318,000 employees and $91.5B in annual revenue, and currently carries a market capitalization of $230.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for PepsiCo (PEP).
Compensation Breakdown
Ramon Laguarta's $12.0M total compensation package for fiscal year 2025 includes $1.2M in base salary, $6.0M in stock awards, $1.4M in option awards, and $1.8M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2024 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2023 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
| 2022 | $1.2M | - | $6.0M | $1.4M | $1.8M | $1.3M | $12.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
More Beverages Companies
Ramon Laguarta, CEO of PepsiCo (PEP), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Ramon Laguarta, CEO of PepsiCo (PEP), earns $12.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
PepsiCo has a Pay-for-Performance Score of C (57/100). The company's 3-year total shareholder return is -4.6%, and the say-on-pay shareholder vote passed with 90.8% approval.
The CEO-to-median-worker pay ratio at PepsiCo is 200:1. The median worker at PepsiCo earns $60K per year, while CEO Ramon Laguarta earns $12.0M in total compensation.
PepsiCo employs approximately 318,000 people. The company operates in the Beverages industry within the Consumer Staples sector, generating $91.5B in annual revenue.