Rachel Rothe Bishop - 01 Feb 2023 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
President, Hefty Tableware
Signature
C. David Watson, Attorney-in-Fact for Rachel Rothe Bishop
Issuer symbol
REYN
Transactions as of
01 Feb 2023
Net transactions value
-$60,552
Form type
4
Filing time
03 Feb 2023, 18:21:16 UTC
Previous filing
04 Nov 2022
Next filing
07 Feb 2023
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 +38% $0.000000 11,373 01 Feb 2023 Direct
transaction REYN Common Stock Tax liability $28,192 -947 -8.3% $29.77 10,426 01 Feb 2023 Direct F1
transaction REYN Common Stock Options Exercise $0 +3,929 +38% $0.000000 14,355 01 Feb 2023 Direct
transaction REYN Common Stock Tax liability $32,360 -1,087 -7.6% $29.77 13,268 01 Feb 2023 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 -50% $0.000000 3,103 01 Feb 2023 Common Stock 3,102 Direct F2, F3
transaction REYN Restricted Stock Units Options Exercise $0 -3,929 -33% $0.000000 7,856 01 Feb 2023 Common Stock 3,929 Direct F2, F4
transaction REYN Restricted Stock Units Award $0 +12,254 $0.000000 12,254 01 Feb 2023 Common Stock 12,254 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 vested 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.