Form 4: Reynolds Consumer Products Insider's RSU Tax Withholding

Judith K. Buckner, President of Reynolds Cook&Bake, reported a routine RSU conversion and tax withholding transaction on December 5, 2025.

Summary

• Judith K. Buckner, President, Reynolds Cook&Bake, reported transactions involving Reynolds Consumer Products Inc. common stock and restricted stock units (RSUs).
• On December 5, 2025, 824 restricted stock units (RSUs) were converted into common stock.
• Concurrently, 824 shares of common stock were disposed of at a price of $24.15 per share to satisfy FICA and related tax withholding obligations.
• This tax withholding was triggered by Ms. Buckner's retirement eligibility under the terms of her RSU award.
• Following these transactions, Ms. Buckner directly beneficially owns 24,065 shares of common stock.
• She also holds 24,802 restricted stock units, which are scheduled to vest on February 1, 2027.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving RSU vesting and tax withholding, which is a neutral event in terms of company performance or outlook. It reflects standard executive compensation practices.

Positives

• The transaction represents a routine vesting and tax withholding event for an executive's equity compensation, indicating standard corporate compensation practices.
• The underlying RSU award provides long-term incentive alignment between management and shareholders.

Negatives

• The disposition of 824 shares for tax purposes, while routine, represents a reduction in the executive's direct common stock holdings.

Future Outlook

The filing indicates that Judith K. Buckner holds 24,802 restricted stock units that are scheduled to vest on February 1, 2027, representing a future equity event.

Industry Context

This Form 4 filing details a routine equity compensation event for an executive, which is a standard practice across publicly traded companies to align management incentives with shareholder interests. The specific details reflect Reynolds Consumer Products Inc.'s compensation structure for its leadership.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a common practice among S&P 500 companies, aligning executive incentives with long-term shareholder value.
• The withholding of shares to cover tax obligations upon RSU vesting is a standard and efficient mechanism for managing tax liabilities associated with equity awards, consistent with practices observed at peer companies in the consumer products sector like Procter & Gamble (PG) or Kimberly-Clark (KMB).
• The reported transaction price of $24.15 for tax withholding reflects the market value of the shares at the time of the transaction, a standard procedure for such events.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine executive compensation event. It reflects the ongoing alignment of executive incentives with shareholder value through equity awards.
• Management: The transaction reflects the realization of a portion of an executive's equity compensation and the management of associated tax liabilities.

Next Steps

• The remaining 24,802 restricted stock units held by Judith K. Buckner are scheduled to vest on February 1, 2027.

Key Dates

Keywords

Reynolds Consumer Products, REYN, Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Compensation, Tax Withholding, Judith K. Buckner, Corporate Governance