PEPSICO INSIDER'S $23.7 MILLION TRADE WASN'T A MARKET BUY

PepsiCo director Robert Pohlad reported $23.7 million in purchases of $PEP stock on October 14, a figure headlines called the largest insider buy in the company's history. The SEC filing tells a narrower story: all 184,646 shares, acquired at $128.28 each, moved out of family trusts Pohlad already controlled and into his own revocable trust, paid for with cash from that same trust. No outside capital touched the open market, and the stock's float didn't change by a single share.