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Reynolds Consumer Products Inc.·4

Feb 3, 9:09 PM ET

Buckner Judith K. 4

Research Summary

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Updated

Reynolds (REYN) President Judith Buckner Receives RSUs; Shares Withheld

What Happened

  • Judith K. Buckner, President of Reynolds Cook & Bake (Reynolds Consumer Products, REYN), had performance/restricted stock units convert or vest on Feb 1, 2026. The filing shows conversions/exercises totaling 33,875 shares (3,964; 20,142; 4,544; 5,225) and two awards/grants of RSU/PSU-based derivative awards (13,636 and 19,922 RSU/PSU units). To cover tax withholding on the vesting, the company withheld 12,890 shares across four withholding transactions at $23.17 per share, generating cash of $298,661 total. Some derivative conversion entries are recorded as $0 disposals (reflecting conversion/settlement mechanics).

Key Details

  • Transaction date: February 1, 2026. Form 4 filed Feb 3, 2026 (timely).
  • Withheld shares for tax: 1,729; 7,076; 1,885; 2,200 = 12,890 shares × $23.17 = $298,661 total.
  • Derivative conversions/exercises reported: 3,964; 20,142; 4,544; 5,225 = 33,875 shares acquired via conversion.
  • Grants/awards reported: 13,636 and 19,922 RSU/PSU units (awarded/recognized on Feb 1, 2026 as derivatives; $0 per-share reporting).
  • Footnotes of note:
    • F2: Shares were withheld by the company to satisfy tax withholding on RSU vesting (not an open-market sale by the insider).
    • F3/F4/F6/F7/F8/F9: Describe PSU→RSU conversion, vesting schedules, and that some RSUs vest immediately (F7) while others vest over future years (e.g., vesting in 2027–2028).
    • F5: RSUs reported have no expiration date.
  • Shares owned after the transaction: not specified in the provided excerpt of the filing.
  • Transaction codes: M = option/derivative exercise or conversion; F = payment of exercise price or tax withholding; A = award/grant.

Context

  • This was primarily an award/vesting event (PSU → RSU conversion and RSU vesting) with the company withholding shares to cover tax obligations — a routine, administrative disposition rather than an open-market sale. Awards reported include both vested units settled on Feb 1, 2026 and additional RSU/PSU awards with future vesting schedules (through 2027–2028). The filing appears timely (filed two days after the transactions).