Form 4: Reynolds Consumer Products Executive Reports Stock Transactions

Clyde David Watson, Chief Legal Counsel/Corp Sec of Reynolds Consumer Products Inc., reported transactions involving restricted stock units and common stock on December 5, 2024.

Summary

• Clyde David Watson, Chief Legal Counsel/Corp Sec of Reynolds Consumer Products Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions occurred on December 5, 2024, and involved the acquisition and disposal of common stock and restricted stock units (RSUs).
• A total of 205 RSUs were acquired to cover tax obligations, and 205 shares were disposed of to cover tax obligations.
• The price of the common stock used for tax withholding was $27.76 per share.
• The transactions were related to the vesting of RSUs and the associated tax obligations.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as required by the SEC.
• The transactions are typical for executives receiving stock-based compensation, such as RSUs.
• The vesting schedules and tax withholding mechanisms are common in executive compensation packages.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.

Key Dates

Keywords

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