Stephen C. Estes - 01 Feb 2022 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
Chief Administrative Officer
Signature
C. David Watson, Attorney-in-Fact for Stephen C. Estes
Issuer symbol
REYN
Transactions as of
01 Feb 2022
Net transactions value
-$22,037
Form type
4
Filing time
03 Feb 2022, 18:01:32 UTC
Previous filing
12 May 2021
Next filing
08 Feb 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 +2,233 +60% $0.000000 5,934 01 Feb 2022 Direct
transaction REYN Common Stock Tax liability $22,037 -728 -12% $30.27 5,206 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 -2,233 -33% $0.000000 4,468 01 Feb 2022 Common Stock 2,233 Direct F2, F3
transaction REYN Restricted Stock Units Award $0 +8,081 $0.000000 8,081 01 Feb 2022 Common Stock 8,081 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: 2,233 of the RSUs vested 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.
F4 RSUs vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the date of grant.