Form 4: Reynolds Consumer Products Executive Sells Shares to Cover Tax Obligations

A Reynolds Consumer Products executive, Stephan M. Pace, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Stephan M. Pace, President of Sales Evolution at Reynolds Consumer Products Inc., sold 566 shares of common stock on December 5, 2024.
• The sale was executed to cover tax withholding obligations related to the vesting of restricted stock units (RSUs).
• The shares were sold at a price of $27.76 per share.
• Following the transaction, Pace directly owns 24,416 shares of common stock.
• Pace also holds 17,051 restricted stock units that vest on February 1, 2026.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the price are consistent with typical transactions of this nature.
• Similar transactions can be observed in filings of other consumer product companies such as P&G, Kimberly-Clark, and Clorox.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive.
• The sale does not affect the company's operations or financial position.

Key Dates

Keywords

Form 4, insider trading, stock sale, restricted stock units, tax withholding, Reynolds Consumer Products, executive compensation