Form 4: Reynolds Consumer Products Executive Receives 25,626 Restricted Stock Units After Performance Goals Met

Rachel Rothe Bishop, President of Hefty Tableware at Reynolds Consumer Products, received 25,626 restricted stock units (RSUs) after performance goals were met.

Summary

• Rachel Rothe Bishop, President of Hefty Tableware at Reynolds Consumer Products, was granted 25,626 performance share units (PSUs) on February 1, 2024.
• The number of PSUs earned was contingent on the company's performance during fiscal year 2024.
• On January 29, 2025, it was determined that Ms. Bishop earned 25,626 PSUs based on the company's performance.
• These PSUs were converted to restricted stock units (RSUs) with a service-based vesting condition.
• The RSUs will vest on February 1, 2027.

Sentiment

Score: 7

Explanation: The document reflects a positive outcome of performance goals being met, leading to the vesting of equity for an executive. This is a standard practice and does not indicate any significant positive or negative sentiment.

Positives

• The granting of RSUs indicates that performance goals were met for fiscal year 2024.
• The vesting of the RSUs in 2027 provides an incentive for continued performance.

Industry Context

This type of equity compensation is common for executives in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units based on performance is a standard practice for executive compensation in many publicly traded companies.
• Companies like Berry Global and Amcor also use similar performance-based equity awards to incentivize their executives.
• The vesting period of the RSUs is typical for these types of awards, often ranging from two to four years.

Stakeholder Impact

• The granting of RSUs to an executive aligns her interests with those of shareholders.
• The vesting of the RSUs may have a minor positive impact on the share price when they vest.

Key Dates

Keywords

Restricted Stock Units, Performance Share Units, Executive Compensation, Stock Options, Vesting, Reynolds Consumer Products, Hefty Tableware