Form 4: Reynolds Consumer Products Executive Stephan M. Pace Reports Stock Transactions

Stephan M. Pace, President of Sales Evolution at Reynolds Consumer Products, reports the vesting and subsequent tax withholding of restricted stock units, resulting in changes to his beneficial ownership of company stock.

Summary

• On February 1, 2025, Stephan M. Pace, President, Sales Evolution at Reynolds Consumer Products Inc., reported transactions involving common stock and restricted stock units (RSUs).
• These transactions included the vesting of RSUs and the withholding of shares to cover tax obligations.
• Specifically, 3,325, 3,356, and 3,757 RSUs vested, converting into common stock.
• A portion of the vested shares (933, 883, and 1,012 shares respectively) were then withheld by the company to satisfy tax obligations at a price of $27.61 per share.
• Following these transactions, Pace's direct ownership of common stock changed, with final holdings of 32,026 shares and 7,512 RSUs.

Sentiment

Score: 5

Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about changes in beneficial ownership.

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

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• The vesting schedules and tax withholding practices are typical for RSU grants in publicly traded companies.
• Similar filings can be observed for executives at comparable companies like Pactiv Evergreen Inc. and Berry Global Group Inc.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.
• Employees holding RSUs may be interested in the vesting schedules and tax implications.

Key Dates