Smith Lisa M 4

4 · Reynolds Consumer Products Inc. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 4, 2026

Reynolds (REYN) Lisa M. Smith RSUs Vest; Shares Withheld for Taxes

What Happened

Lisa M. Smith, President of Hefty Waste & Storage (a business of Reynolds Consumer Products, REYN), had restricted stock units (RSUs) and converted performance share units (PSUs) transact on Feb 1, 2026. As a result of vested/converted awards she was issued 32,197 shares (from conversions/exercises of derivative awards). The company withheld 9,788 of those shares to satisfy tax withholding obligations, valued at approximately $227,517. In addition, 12,998 and 19,922 PSUs were converted to RSUs (total 32,920 RSUs) on Feb 1, 2026 that will vest on Feb 1, 2028.

Key Details

Transaction date: February 1, 2026 (Form 4 filed Feb 3, 2026).
Shares issued on vesting/conversion: 32,197 shares (from exercise/conversion of derivative awards).
Shares withheld for taxes: 9,788 shares valued at ~$227,517 (breakdown: 1,351 @ $23.71 = $32,032; 5,236 @ $23.17 = $121,318; 1,467 @ $23.17 = $33,990; 1,734 @ $23.17 = $40,177).
New RSU awards: 12,998 and 19,922 PSUs converted to RSUs (total 32,920) that will vest on February 1, 2028 (per filing footnotes).
Transaction codes: M = exercise/conversion of derivative; F = shares withheld to satisfy tax withholding; A = grant/award (derivative).
Shares owned after the transactions are not specified in the provided summary.
Filing timing: Reported on Feb 3, 2026 for a Feb 1, 2026 event; no late-filing flag indicated in the data provided.

Context

These transactions reflect vesting/settlement of equity awards (not an open-market sale or purchase). The withheld shares are a common tax-withholding mechanism (company retains shares rather than selling on the open market) and should not be interpreted as a market-sale signal.
The filing shows PSUs were previously awarded (Feb 1, 2025) and, based on 2025 performance, were converted to RSUs on Feb 1, 2026 and will vest in future service-based tranches (see footnotes).

Form 4

Period: 2026-02-01

President, Hefty Waste&Storage

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-01+3,775→ 26,701 total
Tax Payment
Common Stock
[F2]
2026-02-01$23.71/sh−1,351$32,032→ 25,350 total
Exercise/Conversion
Common Stock
[F1]
2026-02-01+19,182→ 44,532 total
Tax Payment
Common Stock
[F2]
2026-02-01$23.17/sh−5,236$121,318→ 39,296 total
Exercise/Conversion
Common Stock
[F1]
2026-02-01+4,260→ 43,556 total
Tax Payment
Common Stock
[F2]
2026-02-01$23.17/sh−1,467$33,990→ 42,089 total
Exercise/Conversion
Common Stock
[F1]
2026-02-01+4,980→ 47,069 total
Tax Payment
Common Stock
[F2]
2026-02-01$23.17/sh−1,734$40,177→ 45,335 total
Award
Restricted Stock Units
[F1][F3][F4][F5]
2026-02-01+12,998→ 12,998 total
→ Common Stock (12,998 underlying)
Award
Restricted Stock Units
[F1][F6][F5]
2026-02-01+19,922→ 19,922 total
→ Common Stock (19,922 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F7][F5]
2026-02-01−3,775→ 0 total
→ Common Stock (3,775 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F7][F5]
2026-02-01−19,182→ 0 total
→ Common Stock (19,182 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F8][F5]
2026-02-01−4,260→ 4,259 total
→ Common Stock (4,260 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F9][F5]
2026-02-01−4,980→ 9,960 total
→ Common Stock (4,980 underlying)

Footnotes (9)

[F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.
[F2]Represents shares withheld by Reynolds Consumer Products Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
[F3]On February 1, 2025, 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 2025. As determined on February 1, 2026, based on the Company's actual performance for 2025, the reporting person earned these PSUs, which are now the equivalent of RSUs with a service-based vesting condition and will vest on February 1, 2028.
[F4]The RSUs vest on February 1, 2028.
[F5]The RSUs do not have an expiration date.
[F6]The RSUs vest in three equal annual installments beginning on February 1, 2027, subject to the continued employment of the reporting person through each such vesting date.
[F7]The RSUs vested on February 1, 2026.
[F8]The RSUs vest in three annual installments beginning on February 1, 2025, subject to the continued employment of the reporting person through each such vesting date.
[F9]The RSUs vest in three annual installments beginning on February 1, 2026, subject to the continued employment of the reporting person through each such vesting date.

Signature

/s/ Jill E. Barnett, Attorney-in-Fact|2026-02-03

1 file