Rachel Rothe Bishop - 01 Feb 2022 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role: President, Hefty Tableware
Signature: C. David Watson, Attorney-in-Fact for Rachel R. Bishop
Issuer symbol: REYN
Transactions as of: 01 Feb 2022
Net transactions value: -$30,603
Form type: 4
Filing time: 03 Feb 2022, 18:04:22 UTC
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	+3,102	+105%	$0.000000	6,044	01 Feb 2022	Direct
transaction	REYN	Common Stock	Tax liability	$30,603	-1,011	-17%	$30.27	5,033	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	-3,102	-33%	$0.000000	6,205	01 Feb 2022	Common Stock	3,102		Direct	F2, F3
transaction	REYN	Restricted Stock Units	Award	$0	+11,785		$0.000000	11,785	01 Feb 2022	Common Stock	11,785		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: 3,102 of the RSUs vested on February 1, 2022, 3,102 of the RSUs vest on February 1, 2023 and 3,103 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.