V. Lance Mitchell - Jan 24, 2024 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
President and CEO, Director
Signature
/s/ C. David Watson, Attorney-in-Fact for V. Lance Mitchell (Power of Attorney filed herewith)
Stock symbol
REYN
Transactions as of
Jan 24, 2024
Transactions value $
$0
Form type
4
Date filed
1/25/2024, 08:52 AM
Previous filing
Mar 9, 2023
Next filing
Feb 5, 2024

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 Award $0 +114K $0.00 114K Jan 24, 2024 Common Stock 114K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.
F2 On February 1, 2023, the reporting person was granted performance share units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period consisting of fiscal 2023. As determined on January 24, 2024, based on the Company's actual performance for 2023, the reporting person earned 113,780 PSUs, which are now the equivalent of RSUs with a service-based vesting condition and will vest as described in footnote 3.
F3 The RSUs vest on February 1, 2026.

Remarks:

Exhibit 24 - Power of Attorney