4/A: Reynolds Consumer Products Director Corrects Share Price Error in Form 4 Filing

Marla C. Gottschalk, a director at Reynolds Consumer Products Inc., filed an amended Form 4 to correct an error in the reported share price of vested shares.

Summary

• Marla C. Gottschalk, a director at Reynolds Consumer Products Inc., filed an amendment to a previously submitted Form 4.
• The amendment, filed on April 26, 2024, corrects an error in the share price reported on vested shares.
• The original Form 4, filed on April 25, 2024, incorrectly stated the share price as $28.63.
• The corrected filing shows the accurate share price as $0.
• The transaction involved the vesting of 5,273 shares of common stock on April 24, 2024.
• Following the transaction, Gottschalk beneficially owns 18,298 shares.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The correction of an error is a neutral event, but it demonstrates a commitment to accuracy.

Positives

• The director promptly corrected an error in the initial filing, ensuring accurate information is available to investors.

Industry Context

This is a standard regulatory filing related to insider transactions. The correction of the share price is important for maintaining transparency and investor confidence.

Comparison to Industry Standards

• Form 4 filings are a standard part of regulatory compliance for publicly traded companies.
• The need to amend a filing to correct an error is not uncommon, and the prompt correction reflects positively on the company's commitment to accurate reporting.
• Comparable companies like Ball Corporation (BLL) and Crown Holdings (CCK) also regularly file Form 4s related to insider transactions.

Stakeholder Impact

• The correction of the share price ensures that shareholders have accurate information regarding insider transactions.

Key Dates