Form 4: Reynolds Consumer Products Executive Judith Buckner Reports Stock Transactions

Judith K. Buckner, President of Reynolds Cook&Bake, reports the vesting and tax withholding of restricted stock units, resulting in changes to her beneficial ownership of Reynolds Consumer Products Inc. stock.

Summary

• On February 1, 2025, Judith K. Buckner, President of Reynolds Cook&Bake, reported transactions involving Reynolds Consumer Products Inc. common stock.
• These transactions included the vesting of restricted stock units (RSUs) and the withholding of shares to cover tax obligations.
• Specifically, 3,554, 3,964 and 4,544 RSUs vested, converting into common stock.
• A portion of the shares were then withheld by the company to satisfy tax obligations at a price of $27.61 per share.
• Following these transactions, Buckner's direct ownership of common stock changed to 24,065 shares and she holds 9,087 RSUs.

Sentiment

Score: 5

Explanation: The Form 4 filing itself is neutral. It simply reports transactions. The vesting of RSUs is generally a positive sign, but the tax withholding is a standard procedure.

Positives

• The vesting of RSUs indicates that performance milestones were likely met, which is a positive signal.

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

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding practices related to RSU vesting are standard procedure across publicly traded companies.
• Comparable companies such as Pactiv Evergreen and Berry Global also utilize equity-based compensation for their executives.

Stakeholder Impact

• Shareholders may view the vesting of RSUs as a sign of positive performance, aligning management's interests with theirs.
• The tax withholding has no direct impact on employees or customers.

Key Dates