Stephen C. Estes - 29 Apr 2021 Form 3 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
Chief Administrative Officer
Signature
/s/ C. David Watson, Attorney-in-Fact for Stephen C. Estes (Power of Attorney filed herewith)
Issuer symbol
REYN
Transactions as of
29 Apr 2021
Net transactions value
$0
Form type
3
Filing time
07 May 2021, 16:30:31 UTC
Next filing
12 May 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding REYN Common Stock 2,201 29 Apr 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding REYN Performance Share Units 29 Apr 2021 Common Stock 6,701 Direct F1, F2
holding REYN Restricted Stock Units 29 Apr 2021 Common Stock 6,731 Direct F3, F4
holding REYN Restricted Stock Units 29 Apr 2021 Common Stock 6,701 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 1, 2021, the reporting person was granted performance stock units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period of 2021 - 2023. Subject to the satisfaction of the performance conditions, the PSUs vest on February 1, 2024.
F2 Each PSU represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.
F3 The restricted stock units ("RSUs") vest as follows: 3,365 of the RSUs vest on February 4, 2022; and 3,366 of the RSUs vest on February 4, 2023.
F4 Each RSU represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.
F5 The RSUs vest as follows: 2,233 of the RSUs vest on February 1, 2022; 2,234 of the RSUs vest on February 1, 2023; and 2,234 of the RSUs vest on February 1, 2024.

Remarks:

Exhibit 24 - Power of Attorney