Fisher Rita 4

What Happened Rita Fisher, Chief Information Officer and EVP of Reynolds Consumer Products (REYN), converted/exercised a total of 24,324 derivative units into common shares on February 1, 2026. To satisfy tax-withholding obligations, the company withheld 9,753 of those shares and reported cash proceeds/withholding payments totaling $225,977. In addition, Fisher was credited with two RSU awards (11,166 and 17,803 RSUs) that are derivative awards tied to service/performance vesting schedules.

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (appears timely).
• Exercise/conversion (code M): 2,606; 13,683; 3,756; 4,279 shares — total 24,324 shares converted to common stock.
• Tax withholding (code F): 1,137; 5,317; 1,498; 1,801 shares withheld — total 9,753 shares withheld; combined reported cash amount = $225,977 (sum of $26,344, $123,195, $34,709, $41,729).
• Grants/awards (code A): 11,166 RSUs and 17,803 RSUs reported as acquired (zero price, derivative awards).
• Footnotes of note:
  • F1/F2: RSUs equal one share and shares were withheld to satisfy tax obligations.
  • F3: PSUs granted in Feb 2025 were earned and converted to RSUs on Feb 1, 2026; those RSUs vest on Feb 1, 2028.
  • F7: Some RSUs vested on Feb 1, 2026; other footnotes describe staggered vesting schedules and that RSUs have no expiration.
• Shares owned after the transactions: not specified in the provided filing summary.

Context

• The pattern here is a common, compensation-related transaction: derivative awards were converted to shares and a portion was withheld to cover tax obligations — effectively a cashless/net settlement rather than an open-market sale.
• The newly reported RSUs are awards (not purchases) and include performance-derived units that will vest over future service periods; such awards are routine compensation and do not necessarily signal an immediate change in insider sentiment.