Michael F. McMahon - 01 Feb 2022 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
VP-Senior Sales Team
Signature
C. David Watson, Attorney-in-Fact for Michael F. McMahon
Issuer symbol
REYN
Transactions as of
01 Feb 2022
Transactions value $
-$6,357
Form type
4
Filing time
03 Feb 2022, 17:55:11
Previous filing
07 May 2021
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REYN Common Stock Options Exercise $0 +646 +101.1% $0.00 1.29K 01 Feb 2022 Direct
transaction REYN Common Stock Tax liability -$6.36K -210 -16.34% $30.27 1.08K 01 Feb 2022 Direct F1

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 REYN Restricted Stock Units Options Exercise $0 -646 -33.32% $0.00 1.29K 01 Feb 2022 Common Stock 646 Direct F2, F3
transaction REYN Restricted Stock Units Award $0 +2.87K $0.00 2.87K 01 Feb 2022 Common Stock 2.87K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by Reynolds Consumer Products Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
F2 Each RSU represents a contingent right to receive one share of the Company's common stock.
F3 RSUs vest as follows: 646 of the RSUs vested on February 1, 2022, 646 of the RSUs vest on February 1, 2023 and 647 of the RSUs vest on February 1, 2024.
F4 RSUs vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the date of grant.