Nathan D. Lowe - Feb 1, 2024 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
SVP, Fin. Planning & Analysis
Signature
/s/ C. David Watson, Attorney-in-Fact for Nathan D. Lowe
Stock symbol
REYN
Transactions as of
Feb 1, 2024
Transactions value $
-$12,797
Form type
4
Date filed
2/5/2024, 04:10 PM
Previous filing
Jan 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REYN Common Stock Options Exercise $0 +320 +14.24% $0.00 2.57K Feb 1, 2024 Direct
transaction REYN Common Stock Tax liability -$2.42K -89 -3.47% $27.17 2.48K Feb 1, 2024 Direct F1
transaction REYN Common Stock Options Exercise $0 +321 +12.95% $0.00 2.8K Feb 1, 2024 Direct
transaction REYN Common Stock Tax liability -$2.61K -96 -3.43% $27.17 2.7K Feb 1, 2024 Direct F1
transaction REYN Common Stock Options Exercise $0 +884 +32.7% $0.00 3.59K Feb 1, 2024 Direct
transaction REYN Common Stock Tax liability -$7.77K -286 -7.97% $27.17 3.3K 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 +3.25K $0.00 3.25K Feb 1, 2024 Common Stock 3.25K Direct F2, F3
transaction REYN Restricted Stock Units Options Exercise $0 -320 -100% $0.00* 0 Feb 1, 2024 Common Stock 320 Direct F2, F4
transaction REYN Restricted Stock Units Options Exercise $0 -321 -50.08% $0.00 320 Feb 1, 2024 Common Stock 321 Direct F2, F5
transaction REYN Restricted Stock Units Options Exercise $0 -884 -33.35% $0.00 1.77K Feb 1, 2024 Common Stock 884 Direct F2, F6, F7
* 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: 321 RSUs vested on February 1, 2024; and the remaining 320 RSUs vest on February 1, 2025.
F6 The number of RSUs vested and the number of unvested RSUs remaining in the grant reflect the correct aggregate number of RSUs in the original grant of 2,651. The Form 4 filed on February 3, 2023 reporting the original grant inadvertently overreported the number of RSUs by 1 RSU.
F7 One-third of these RSUs vested on February 1, 2024, and the remaining RSUs vest equally on February 1, 2025 and February 1, 2026.