V. Lance Mitchell - Feb 1, 2023 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
President and CEO, Director
Signature
C. David Watson, Attorney-in-Fact for V. Lance Mitchell
Stock symbol
REYN
Transactions as of
Feb 1, 2023
Transactions value $
-$357,508
Form type
4
Date filed
2/3/2023, 06:22 PM
Previous filing
Mar 8, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REYN Common Stock Options Exercise $0 +19.2K +25.99% $0.00 93.2K Feb 1, 2023 Direct
transaction REYN Common Stock Tax liability -$144K -4.84K -5.19% $29.77 88.4K Feb 1, 2023 Direct F1
transaction REYN Common Stock Options Exercise $0 +21.5K +24.3% $0.00 110K Feb 1, 2023 Direct
transaction REYN Common Stock Tax liability -$213K -7.17K -6.53% $29.77 103K Feb 1, 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 -19.2K -50% $0.00 19.2K Feb 1, 2023 Common Stock 19.2K Direct F2, F3
transaction REYN Restricted Stock Units Options Exercise $0 -21.5K -33.33% $0.00 43K Feb 1, 2023 Common Stock 21.5K Direct F2, F4
transaction REYN Restricted Stock Units Award $0 +65K $0.00 65K Feb 1, 2023 Common Stock 65K 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: 19,234 of the RSUs vested on February 1, 2022, 19,234 of the RSUs vest on February 1, 2023 and 19,234 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.