Form 4: Reynolds Consumer Products EVP-HR Valerie Elizabeth Miller Reports Stock Transactions
SEC Form 4 Filing
Valerie Elizabeth Miller, EVP-HR of Reynolds Consumer Products Inc., reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 1, 2025, Valerie Elizabeth Miller, EVP-HR of Reynolds Consumer Products Inc., engaged in multiple transactions involving common stock and restricted stock units (RSUs).
- Miller acquired shares through the vesting of RSUs and simultaneously disposed of shares to satisfy tax withholding obligations.
- Specifically, 1,579, 1,741, and 2,621 RSUs vested, converting into common stock.
- Correspondingly, 489, 576, and 850 shares were sold at a price of $27.61 to cover tax liabilities.
- Following these transactions, Miller directly owns 9,179 shares of common stock and 5,241 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The remaining RSUs will vest on subsequent anniversaries of the grant date, as detailed in the explanation of responses.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/01/2025 | Date of earliest transaction: vesting of restricted stock units and subsequent sale of shares for tax obligations. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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