Form 4: Reynolds Consumer Products VP of Investor Relations Awarded 6,356 Restricted Stock Units

Mark D. Swartzberg, VP of Investor Relations at Reynolds Consumer Products, received 6,356 restricted stock units (RSUs) following the vesting of performance share units (PSUs).

Summary

• Mark D. Swartzberg, the VP of Investor Relations at Reynolds Consumer Products Inc., was awarded 6,356 restricted stock units (RSUs).
• These RSUs resulted from the vesting of performance share units (PSUs) that were granted on February 1, 2024.
• The number of PSUs earned was determined based on the company's performance during fiscal year 2024.
• The 6,356 PSUs were converted to RSUs on January 29, 2025, and will vest on February 1, 2027.
• Each RSU represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating positive alignment of interests between management and shareholders. The vesting of PSUs suggests the company met performance targets, which is a positive sign.

Positives

• The vesting of performance share units indicates that the company met certain performance targets for fiscal year 2024.
• The award of RSUs aligns the executive's interests with those of the shareholders.

Future Outlook

The restricted stock units will vest on February 1, 2027, subject to continued service.

Industry Context

This type of equity compensation is common practice for publicly traded companies to incentivize and retain key executives.

Comparison to Industry Standards

• Equity-based compensation, such as RSUs and PSUs, is a standard practice among publicly traded companies like Reynolds Consumer Products.
• Companies such as Amcor, Berry Global, and Sealed Air also use similar compensation structures to align executive interests with shareholder value.
• The vesting period of the RSUs, which is approximately two years from the grant date, is within the typical range for such awards.

Stakeholder Impact

• Shareholders may view this as a positive sign that the company is meeting its performance goals.
• Employees may see this as a positive sign of the company's commitment to its executives.

Next Steps

• The executive will continue to work at the company until the vesting date of the RSUs on February 1, 2027.

Key Dates

Keywords

Restricted Stock Units, Performance Share Units, RSU, PSU, Executive Compensation, Stock Award, Reynolds Consumer Products, Vesting