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

Judith K. Buckner, President of Reynolds Cook&Bake, reported the acquisition and disposal of company stock and restricted stock units to cover tax obligations.

Summary

• Judith K. Buckner, President of Reynolds Cook&Bake, filed a Form 4 detailing changes in her beneficial ownership of Reynolds Consumer Products Inc. stock.
• On December 5, 2024, Ms. Buckner acquired 669 shares of common stock through the vesting of restricted stock units (RSUs).
• Simultaneously, 669 shares were disposed of to cover tax withholding obligations related to the vesting of the RSUs at a price of $27.76 per share.
• Following these transactions, Ms. Buckner directly owns 15,233 shares of common stock.
• She also holds 20,142 restricted stock units that vest on February 1, 2026.
• A previous transfer of 6,539 shares to her ex-spouse was also noted.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It is neutral in nature and expected as part of standard corporate governance.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the ownership changes of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The transactions reported are typical for executives receiving stock-based compensation, such as RSUs, and selling shares to cover tax liabilities.
• Similar filings can be seen across the consumer products industry for companies like P&G, Kimberly-Clark, and Clorox, where executives often receive stock options and RSUs as part of their compensation packages.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.
• The transactions are part of the executive's compensation package and do not affect the company's operations or financial health.

Key Dates

Keywords

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