V. Lance Mitchell - Feb 1, 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
Stock symbol
REYN
Transactions as of
Feb 1, 2024
Transactions value $
-$540,058
Form type
4
Date filed
2/5/2024, 04:07 PM
Previous filing
Jan 25, 2024
Next filing
Dec 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REYN Common Stock Options Exercise $0 +19.2K +15.86% $0.00 140K Feb 1, 2024 Direct
transaction REYN Common Stock Tax liability -$117K -4.32K -3.08% $27.17 136K Feb 1, 2024 Direct F1
transaction REYN Common Stock Options Exercise $0 +21.5K +15.77% $0.00 158K Feb 1, 2024 Direct
transaction REYN Common Stock Tax liability -$173K -6.37K -4.04% $27.17 151K Feb 1, 2024 Direct F1
transaction REYN Common Stock Options Exercise $0 +21.7K +14.33% $0.00 173K Feb 1, 2024 Direct
transaction REYN Common Stock Tax liability -$250K -9.19K -5.32% $27.17 164K Feb 1, 2024 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 Award $0 +83.8K $0.00 83.8K Feb 1, 2024 Common Stock 83.8K Direct F2, F3
transaction REYN Restricted Stock Units Options Exercise $0 -19.2K -100% $0.00* 0 Feb 1, 2024 Common Stock 19.2K Direct F2, F4
transaction REYN Restricted Stock Units Options Exercise $0 -21.5K -50% $0.00 21.5K Feb 1, 2024 Common Stock 21.5K Direct F2, F5
transaction REYN Restricted Stock Units Options Exercise $0 -21.7K -33.33% $0.00 43.3K Feb 1, 2024 Common Stock 21.7K Direct F2, F6
* 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: one-third of the RSUs vest on each of the first three anniversaries of the date of grant.
F4 The RSUs vested on February 1, 2024.
F5 The RSUs vest as follows: 21,478 RSUs vested on February 1, 2024; and the remaining 21,477 RSUs vest on February 1, 2025.
F6 One-third of these RSUs vested on February 1, 2024, and the remaining RSUs vest equally on February 1, 2025 and February 1, 2026.