Form 4: Reynolds Consumer Products EVP-HR, Valerie Miller, Reports Stock Transactions

Valerie Miller, EVP-HR at Reynolds Consumer Products, reported the acquisition and disposal of company stock units to cover tax obligations.

Summary

• Valerie Miller, the EVP-HR of Reynolds Consumer Products, filed a Form 4 detailing changes in her beneficial ownership of company stock.
• On December 5, 2024, she acquired 304 common stock units through the vesting of restricted stock units (RSUs).
• Simultaneously, 304 common stock units were disposed of to cover tax withholding obligations related to the vesting of the RSUs.
• The price of the disposed shares was $27.76 per share.
• Following these transactions, Ms. Miller directly owns 5,153 common stock units and 8,835 restricted stock units.
• The restricted stock units vest on February 1, 2026.

Sentiment

Score: 7

Explanation: The document is a routine filing of stock transactions by an executive, which is neither positive nor negative for the company's performance. It is a neutral event.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies. It provides transparency into the stock transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for executives receiving stock-based compensation.
• The vesting schedule of the RSUs is consistent with common practices in executive compensation packages.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, RSU, Reynolds Consumer Products, Executive Compensation, Insider Trading