Michael Ragen - 21 Sep 2021 Form 4 Insider Report for Pactiv Evergreen Inc. (PTVE)

Role: CFO
Signature: /s/ Terese M. Eklund, as Attorney-in-Fact, for Michael J. Ragen.
Issuer symbol: PTVE
Transactions as of: 21 Sep 2021
Net transactions value: -$56,342
Form type: 4
Filing time: 23 Sep 2021, 15:17:54 UTC
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTVE	Common Stock	Options Exercise		+11,666	+137%		20,166	21 Sep 2021	Direct	F1
transaction	PTVE	Common Stock	Tax liability	$56,342	-5,169	-26%	$10.90	14,997	21 Sep 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
transaction	PTVE	Restricted Stock Units	Options Exercise	$0	-11,666	-33%	$0.000000	23,334	21 Sep 2021	Common Stock	11,666		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") converts into one share of common stock of Pactiv Evergreen Inc.
F2	On September 21, 2020, the reporting person was granted 35,000 RSUs subject to vesting and settlement as described in the September 21, 2020 Grant Form 4. The settlement of 11,666 RSUs occurred on September 21, 2021.