Stephen C. Estes - Apr 29, 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)
Stock symbol
REYN
Transactions as of
Apr 29, 2021
Transactions value $
$0
Form type
3
Date filed
5/7/2021, 04:30 PM
Next filing
May 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding REYN Common Stock 2.2K Apr 29, 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 Apr 29, 2021 Common Stock 6.7K Direct F1, F2
holding REYN Restricted Stock Units Apr 29, 2021 Common Stock 6.73K Direct F3, F4
holding REYN Restricted Stock Units Apr 29, 2021 Common Stock 6.7K 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