Christopher Corey - 01 Feb 2024 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
President, Presto Products
Signature
/s/ C. David Watson, Attorney-in-Fact for Christopher Corey
Issuer symbol
REYN
Transactions as of
01 Feb 2024
Net transactions value
-$20,133
Form type
4
Filing time
05 Feb 2024, 16:08:54 UTC
Previous filing
25 Jan 2024
Next filing
30 Jan 2025
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 +340 +48% $0.000000 1,053 01 Feb 2024 Direct F1
transaction REYN Common Stock Tax liability $2,581 -95 -9% $27.17 958 01 Feb 2024 Direct F2
transaction REYN Common Stock Options Exercise $0 +342 +36% $0.000000 1,300 01 Feb 2024 Direct
transaction REYN Common Stock Tax liability $2,799 -103 -7.9% $27.17 1,197 01 Feb 2024 Direct F2
transaction REYN Common Stock Options Exercise $0 +1,678 +140% $0.000000 2,875 01 Feb 2024 Direct
transaction REYN Common Stock Tax liability $14,753 -543 -19% $27.17 2,332 01 Feb 2024 Direct F2

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 +10,954 $0.000000 10,954 01 Feb 2024 Common Stock 10,954 Direct F3, F4
transaction REYN Restricted Stock Units Options Exercise $0 -340 -100% $0.000000* 0 01 Feb 2024 Common Stock 340 Direct F3, F5
transaction REYN Restricted Stock Units Options Exercise $0 -342 -50% $0.000000 341 01 Feb 2024 Common Stock 342 Direct F3, F6
transaction REYN Restricted Stock Units Options Exercise $0 -1,678 -33% $0.000000 3,356 01 Feb 2024 Common Stock 1,678 Direct F3, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The beneficial ownership of 665 shares, held directly, was erroneously reported on the reporting person's Form 3 filed on December 15, 2022. Those erroneously reported shares were subsequently included in the beneficial ownership direct holdings in the reporting person's Form 4 filed on February 3, 2023, Form 4 filed on March 7, 2023, and the Form 4/A filed on March 9, 2023.
F2 Represents shares withheld by Reynolds Consumer Products Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
F3 Each RSU represents a contingent right to receive one share of the Company's common stock.
F4 RSUs vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the date of grant.
F5 The RSUs vested on February 1, 2024.
F6 The RSUs vest as follows: 342 RSUs vested on February 1, 2024; and the remaining 341 RSUs vest on February 1, 2025.
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.