Form 4: Reynolds Consumer Products Executive Chris Mayrhofer Reports Stock Transactions

Chris Mayrhofer, VP, Controller & CAO of Reynolds Consumer Products Inc., reports the vesting and subsequent tax withholding of restricted stock units, resulting in changes to his beneficial ownership of company stock.

Summary

• On February 1, 2025, Chris Mayrhofer, VP, Controller & CAO of Reynolds Consumer Products Inc., reported transactions involving common stock and restricted stock units (RSUs).
• Mayrhofer acquired shares through the vesting of RSUs and had shares withheld by the company to cover tax obligations.
• Specifically, 1,135, 1,202, and 1,338 RSUs vested, converting into common stock.
• The company withheld 256, 300, and 365 shares respectively at a price of $27.61 to satisfy tax obligations.
• Following these transactions, Mayrhofer's direct ownership of common stock increased due to vesting but decreased due to tax withholding.
• Mayrhofer directly owns 4,030 Restricted Stock Units that vest over the next three years.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices. There is nothing particularly positive or negative about the transactions themselves. The sentiment is neutral.

Positives

• The vesting of RSUs indicates that Mayrhofer is meeting the conditions of his compensation package.
• The vesting of RSUs shows that the company is performing well enough to meet the conditions of the compensation package.

Future Outlook

The remaining RSUs will vest on subsequent anniversaries of the grant date, indicating continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Equity compensation is a standard practice across publicly traded companies to align management's interests with those of shareholders.
• The vesting schedules and tax withholding practices described in the filing are typical for RSU grants.
• Companies like Ball Corporation, Crown Holdings, and Amcor also utilize similar equity compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The vesting of RSUs aligns management's interests with shareholders, which can indirectly benefit stakeholders.

Key Dates