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Reynolds Consumer Products Inc.·4

Feb 3, 9:00 PM ET

Mayrhofer Chris 4

Research Summary

AI-generated summary

Updated

Reynolds (REYN) VP Chris Mayrhofer Receives RSUs; Shares Withheld

What Happened

  • Chris Mayrhofer, VP, Controller & CAO of Reynolds Consumer Products (REYN), had performance- and service-based equity awards convert/vest on February 1, 2026. The filing shows grant/award entries totaling 10,168 restricted stock units (RSUs) and related exercise/conversion activity on that date.
  • To satisfy tax withholding on the vesting/conversion, the company withheld 3,707 shares (sales reported as “F” — payment of tax liability) at prices roughly $23.17–$23.71, totaling about $86,138. Several derivative exercise/conversion lines (code M) and awarded-derivative lines (code A) appear in the filing documenting the conversion/vesting and subsequent share delivery/withholding.
  • This was not an open-market purchase or a voluntary sale by the insider; the withheld-share actions are routine tax-withholding following vesting and do not necessarily signal a change in insider sentiment.

Key Details

  • Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (timely filing).
  • Withheld shares for taxes: 3,707 shares withheld at ~$23.17–$23.71, proceeds ≈ $86,138 (disposition code F).
  • Awards/grants: 3,505 RSUs and 6,663 RSUs reported as acquired (code A) — total 10,168 RSUs (derivative).
  • Footnotes of note:
    • F2: shares were withheld by the company to satisfy tax withholding.
    • F3: PSUs granted Feb 1, 2025 were earned and converted to RSUs that vest on Feb 1, 2028.
    • F7: Certain RSUs vested on Feb 1, 2026 (triggering withholding).
    • F6/F8/F9: vesting schedules vary by grant; some vest in three annual installments.
  • Shares owned after the transaction: not specified in the filing.
  • Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = shares withheld to satisfy tax liability.

Context

  • Tax-withholding sales on vesting are common and routine; they are not the same as an insider selling shares on the open market and often do not indicate negative views on the company.
  • The filing documents conversion/vesting of PSUs to RSUs and scheduled vesting; some converted awards continue to have service-based vesting through 2028.