John Rooney - Sep 21, 2021 Form 4 Insider Report for Pactiv Evergreen Inc. (PTVE)

Role: Pres, Beverage Merchandising
Signature: /s/ Terese M. Eklund, as Attorney-in-Fact, for John Rooney.
Stock symbol: PTVE
Transactions as of: Sep 21, 2021
Transactions value $: -$81,696
Form type: 4
Date filed: 9/23/2021, 03:20 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTVE	Common Stock	Options Exercise		+19K			19K	Sep 21, 2021	Direct	F1
transaction	PTVE	Common Stock	Tax liability	-$81.7K	-7.5K	-39.35%	$10.90	11.6K	Sep 21, 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	-19K	-33.33%	$0.00	38.1K	Sep 21, 2021	Common Stock	19K		Direct	F1, F2

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

John Rooney is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 57,143 RSUs subject to vesting and settlement as described in the September 21, 2020 Grant Form 4. The settlement of 19,047 RSUs occurred on September 21, 2021.