Lisa M. Smith - 01 Feb 2023 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
President, Hefty Waste&Storage
Signature
C. David Watson, Attorney-in-Fact for Lisa M. Smith
Issuer symbol
REYN
Transactions as of
01 Feb 2023
Net transactions value
-$54,687
Form type
4
Filing time
03 Feb 2023, 18:21:57 UTC
Previous filing
08 Mar 2022
Next filing
09 Mar 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 +2,689 +111% $0.000000 5,108 01 Feb 2023 Direct
transaction REYN Common Stock Tax liability $24,441 -821 -16% $29.77 4,287 01 Feb 2023 Direct F1
transaction REYN Common Stock Options Exercise $0 +3,555 +83% $0.000000 7,842 01 Feb 2023 Direct
transaction REYN Common Stock Tax liability $30,246 -1,016 -13% $29.77 6,826 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 -2,689 -50% $0.000000 2,689 01 Feb 2023 Common Stock 2,689 Direct F2, F3
transaction REYN Restricted Stock Units Options Exercise $0 -3,555 -33% $0.000000 7,108 01 Feb 2023 Common Stock 3,555 Direct F2, F4
transaction REYN Restricted Stock Units Award $0 +11,326 $0.000000 11,326 01 Feb 2023 Common Stock 11,326 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: 2,688 of the RSUs vested on February 1, 2022, 2,689 of the RSUs vest on February 1, 2023 and 2,689 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.