Lisa M. Smith - Feb 1, 2022 Form 4 Insider Report for Reynolds Consumer Products Inc. (REYN)

Role
President, Hefty Waste&Storage
Signature
C. David Watson, Attorney-in-Fact for Lisa M. Smith
Stock symbol
REYN
Transactions as of
Feb 1, 2022
Transactions value $
-$26,517
Form type
4
Date filed
2/3/2022, 05:58 PM
Next filing
Mar 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REYN Common Stock Options Exercise $0 +2.69K +911.19% $0.00 2.98K Feb 1, 2022 Direct
transaction REYN Common Stock Tax liability -$26.5K -876 -29.37% $30.27 2.11K Feb 1, 2022 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 -2.69K -33.33% $0.00 5.38K Feb 1, 2022 Common Stock 2.69K Direct F2, F3
transaction REYN Restricted Stock Units Award $0 +10.7K $0.00 10.7K Feb 1, 2022 Common Stock 10.7K 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: 2,688 of the RSUs vested on February 1, 2022, 2,689 of the RSUs vest on February 1, 2023 and 2,689 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.