Form 4: Executive Lisa M. Smith Acquires 24,025 Shares of Reynolds Consumer Products Inc. Through Performance Share Units

Lisa M. Smith, President of Hefty Waste & Storage at Reynolds Consumer Products Inc., acquired 24,025 shares through the vesting of performance share units.

Summary

• Lisa M. Smith, an officer at Reynolds Consumer Products Inc., acquired 24,025 shares of common stock.
• These shares were obtained through the vesting of performance share units (PSUs) that were granted on February 1, 2024.
• The number of PSUs earned was determined based on the company's performance in fiscal year 2024.
• As of January 29, 2025, the performance conditions were met, and the 24,025 PSUs converted to restricted stock units (RSUs).
• These RSUs will vest on February 1, 2027.

Sentiment

Score: 7

Explanation: The document reflects a positive outcome of performance-based compensation, indicating that the company met its targets. The acquisition of shares by an executive is generally viewed positively.

Positives

• The vesting of performance share units indicates that the company met its performance targets for fiscal year 2024.
• The acquisition of shares by a key executive could be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest on February 1, 2027.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when executives acquire shares. It reflects a typical compensation structure using performance-based equity.

Comparison to Industry Standards

• Performance-based equity compensation, such as PSUs and RSUs, is a common practice among publicly traded companies like Reynolds Consumer Products Inc.
• Companies such as Berry Global Group, Inc. and Amcor PLC also use similar equity-based compensation plans for their executives.
• The vesting period of the RSUs, which is approximately two years from the grant date, is also within the typical range for such awards.

Stakeholder Impact

• Shareholders may view the vesting of performance-based equity as a positive sign of the company's performance.
• Employees may see this as a positive sign of the company's commitment to rewarding performance.

Next Steps

• The restricted stock units will vest on February 1, 2027.

Key Dates

Keywords

Reynolds Consumer Products Inc., Lisa M. Smith, performance share units, restricted stock units, stock acquisition, executive compensation, vesting