Form 4: Reynolds Consumer Products CFO Scott Huckins Reports Stock Transactions

Chief Financial Officer of Reynolds Consumer Products, Scott Huckins, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Scott Huckins, the Chief Financial Officer of Reynolds Consumer Products, reported transactions involving the company's stock on December 1, 2024.
• He acquired 18,883 shares of common stock through the vesting of restricted stock units (RSUs).
• Simultaneously, 5,089 shares were sold at $27.69 per share to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Mr. Huckins directly owns 13,794 shares of common stock and 37,764 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions by a company officer, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing for a company officer and is typical for executives who receive stock-based compensation.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are required by the SEC.
• The vesting of RSUs and subsequent sale of shares to cover taxes is a common practice among publicly traded companies.
• The price of $27.69 per share is a specific price for this transaction and would need to be compared to the market price at the time of the transaction to assess if it was a fair market price.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small number of shares being sold by an executive.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Reynolds Consumer Products, Scott Huckins, CFO, stock transaction, restricted stock units, Form 4, insider trading