PepsiCo Director Acquires 184,646 Shares as Costco, BlackBerry Executives Sell

PepsiCo (PEP) director Robert C. Pohlad acquired 184,646 shares in a $23.69 million trust exchange as executives at Costco (COST) and BlackBerry (BB) disclosed sales dated Oct. 9-14.

Pohlad’s four acquisitions were dated Oct. 14 and priced at $128.28 per share, for a calculated value of $23,686,388.88. The shares came from irrevocable trusts he established. In exchange, his revocable trust paid cash equal to their fair market value. That trust held 433,009 shares after the transactions.

Costco Executive Vice President William Richard Wilcox sold 1,100 shares on Oct. 13 at $958.205 each, for a calculated value of $1,054,025.50. He held 3,094.391 shares directly after the sale. The filing for his transaction was accepted Oct. 14.

BlackBerry CEO and Secure Communications President John Joseph Giamatteo had 61,082 restricted share units vest on Oct. 9. He sold 27,004 shares at a weighted average of $8.36, for a calculated value of $225,753.44. The sale covered withholding taxes tied to the vesting. Prices ranged from $8.27 to $8.41, and Giamatteo held 792,494 shares directly afterward.

The transaction dates span Oct. 9, Oct. 13 and Oct. 14; the filings were accepted from Oct. 13 to Oct. 16. SEC Forms 4 are statements of changes in beneficial ownership. They list transaction dates separately from filing acceptance dates, along with share counts, prices and holdings after the reported activity.

An earlier insider-trade roundup covered activity involving Procter & Gamble, Marvell Technology and TSMC.