SodaStream CEO Poised to Reap Up to $61 Million on PepsiCo Deal

SodaStream International Ltd. Chief Executive Officer Daniel Birnbaum could collect as much as $61 million if PepsiCo Inc. completes its acquisition.

PepsiCo said Aug. 20 it agreed to pay $144 a share in cash for the Israeli maker of fizzy-drinks dispensers, which is 11 percent above SodaStream’s closing price on Friday, Aug. 17. Birnbaum owns 137,277 shares, which would result in a $19.8 million haul, according to data compiled by Bloomberg.

Earlier this year, SodaStream shareholders were asked to approve three different equity awards for Birnbaum, entitling him to earn as many as 285,000 shares over several years if certain ...