MITCHELL V LANCE 4
4 · Reynolds Consumer Products Inc. · Filed Jan 25, 2024
Insider Transaction Report
Form 4
MITCHELL V LANCE
President and CEO
Transactions
- Award
Restricted Stock Units
2024-01-24+113,780→ 113,780 total→ Common Stock (113,780 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.
- [F2]On February 1, 2023, the reporting person was granted performance share units ("PSUs"), with the number of PSUs earned to be determined based on the extent to which certain performance conditions were met for a performance period consisting of fiscal 2023. As determined on January 24, 2024, based on the Company's actual performance for 2023, the reporting person earned 113,780 PSUs, which are now the equivalent of RSUs with a service-based vesting condition and will vest as described in footnote 3.
- [F3]The RSUs vest on February 1, 2026.