Clark Ryan Gerard 4

What Happened Clark Ryan Gerard, President of Hefty Tableware at Reynolds Consumer Products (REYN), received two derivative equity awards on February 1, 2026: 16,253 restricted stock units (RSUs) and 18,990 units that were performance share units (PSUs) converted into RSUs. Both awards were granted at $0.00 (these are compensation awards, not purchases) and represent contingent rights to receive one share of REYN common stock upon vesting.

Key Details

• Transaction date: 2026-02-01; Form 4 filed 2026-02-03 (timely within required reporting window).
• Awards: 16,253 RSUs and 18,990 PSUs converted to RSUs; total = 35,243 units; grant price $0.00 (derivative awards).
• Vesting:
  • The PSUs (18,990) were originally granted June 1, 2025, were earned based on 2025 performance, converted to RSUs, and will vest on February 1, 2028.
  • The other RSUs (16,253) vest in three equal annual installments beginning February 1, 2027, subject to continued employment.
• RSUs represent a contingent right to one share each and have no expiration date.
• Shares owned after the reported transaction: not specified in the Form 4.
• Filing status: timely (no late filing indicated).

Context These are compensation awards (performance-based PSUs converted to RSUs and time-based RSUs) that will convert into common shares only upon meeting vesting/service conditions. Such grants are routine executive compensation and do not represent an open-market purchase or sale; they should be interpreted as part of pay and retention, not a direct buy/sell signal.