Rep. Richard Dean McCormick, a Republican member of the U.S. House from Georgia, disclosed the sale of PepsiCo, Inc. (PEP) stock in a Periodic Transaction Report filed under the STOCK Act. The transaction, dated July 30, 2026, was made by McCormick himself and is valued between $1,001 and $15,000, according to the disclosure. The holding was reported through a Growth Partners Roth IRA.
The STOCK Act requires members of Congress and their senior staff to publicly disclose stock trades within 30 to 45 days of execution, giving the public a window into the personal financial activity of lawmakers while they help shape policy that can touch nearly every sector of the economy, including consumer staples companies like PepsiCo.
An Insider Sale in the Same Window
What makes this filing notable is its timing relative to activity inside PepsiCo itself. Company insider Flavell David sold shares of PEP on July 27, 2026, in a transaction valued at $404,674 — just three days before McCormick’s own sale. Both transactions fall within the same 30-day window, and while there is no indication the two are connected, the overlap is the kind of pattern that regularly draws attention from investors and watchdogs tracking congressional trading alongside corporate insider activity.
PepsiCo has also appeared in recent congressional disclosures involving other lawmakers. Earlier reporting on this site covered a related sale: Mike Kelly’s Spouse Sells PepsiCo Stock, Insider Sale Follows, which detailed a similar sequence of a congressional trade followed by insider activity in the same stock.
It is important to note that a Periodic Transaction Report filing is a routine compliance disclosure, not an allegation of wrongdoing. Members of Congress are legally required to report trades regardless of size or rationale, and the amount ranges disclosed under the STOCK Act are broad bands rather than exact figures. McCormick’s reported sale falls into the smallest disclosure tier, between $1,001 and $15,000, which is common for many congressional trades involving retirement accounts like Roth IRAs.
Still, the proximity between a lawmaker’s sale and a substantial insider sale at the same company, even absent any suggestion of coordination, is the type of data point that sites tracking these filings, including whoisbuyingnow.com, continue to flag for readers interested in following the intersection of congressional finances and corporate insider activity. Future filings involving PepsiCo or other members of the Georgia delegation may add further context to this pattern.