Barnett Jill 4

What Happened

• Jill Barnett, Chief Legal Officer of Reynolds Consumer Products (REYN), had restricted stock units (RSUs) vest and convert into common shares. A total of 22,778 RSUs converted to stock (17,987 on 2026-04-30 and 4,791 on 2026-05-01) at $0 exercise price. To satisfy tax withholding obligations, the company withheld 9,555 shares (7,520 shares at $20.56 = $154,611 on 2026-04-30; 2,035 shares at $20.97 = $42,674 on 2026-05-01), leaving Barnett with a net delivery of 13,223 shares. The withheld shares reflect payment of tax liabilities, not an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-04-30: 17,987 RSUs converted (M) and 7,520 shares withheld for taxes at $20.56 (F) = $154,611.
  • 2026-05-01: 4,791 RSUs converted (M) and 2,035 shares withheld for taxes at $20.97 (F) = $42,674.
• Total RSUs converted: 22,778; total shares withheld for taxes: 9,555 (total withholding value ≈ $197,285); net shares delivered to insider: 13,223.
• Acquisition price for vested RSUs: $0 (RSUs converted to common stock upon vesting).
• Shares owned after the transactions: Not specified in the provided filing.
• Footnotes of note:
  • F1: Shares were withheld by the company to satisfy tax withholding on RSU vesting.
  • F2–F5: Each RSU equals one share when settled; the RSUs vested on April 30, 2026, do not expire, and vest in thirds over three years from grant.
• Filing: Report filed 2026-05-01 covering the 2026-04-30 vesting; filing appears timely.

Context

• These transactions reflect routine settlement of vested RSUs with shares withheld to cover tax obligations (code F), not an open-market sale or purchase. The conversion entries are derivative-related (code M) indicating the RSUs were converted to common stock upon vesting. Routine tax withholding on vesting is common and does not by itself indicate a change in insider sentiment.