Lowe Nathan D. 4
4 · Reynolds Consumer Products Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
Reynolds (REYN) CFO Nathan Lowe Exercises RSUs; 8,895 Shares Withheld
What Happened
Nathan D. Lowe, Chief Financial Officer of Reynolds Consumer Products Inc. (REYN), had multiple restricted stock units (RSUs)/performance share units (PSUs) convert to common shares on February 1, 2026. The filing shows conversion/exercise of 21,022 derivative shares and the company withholding 8,895 of those shares to cover tax withholding obligations at an indicated price of $23.17 per share, totaling about $206,097. The Form 4 also reports two awards of RSUs/derivative units totaling 49,346 shares (15,164 and 34,182) granted on the same date; those awards are reported as derivative awards with service/ performance-based vesting schedules.
Key Details
- Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (appears timely).
- Conversions/exercises (code M): 21,022 shares converted to common stock.
- Tax withholding (code F): 8,895 shares withheld and disposed at $23.17 each, cash value ≈ $206,097.
- Grants/awards (code A): 15,164 and 34,182 RSUs granted (total 49,346 RSUs) with future vesting conditions.
- Footnotes: RSUs convert 1-for-1 to common stock (F1); withheld shares satisfy tax obligations on RSU vesting (F2); some PSUs granted in 2025 were earned and converted to RSUs that vest in 2028 (F3/F4); certain RSUs vested on Feb 1, 2026 (F7).
- Shares owned after the transactions: not specified in the provided filing.
Context
This was not an open-market sale or purchase by the insider; it reflects vesting/conversion of company equity awards and share withholding to satisfy tax obligations (a routine, non-dispositive transaction). For options/derivative activity: exercise/conversion of RSUs/PSUs occurred and shares were withheld rather than sold on the open market. Such withholding is a common administrative step and should not be interpreted as a directional buy/sell signal.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-01+883→ 11,282 total - Tax Payment
Common Stock
[F2]2026-02-01$23.17/sh−385$8,920→ 10,897 total - Exercise/Conversion
Common Stock
[F1]2026-02-01+4,639→ 15,536 total - Tax Payment
Common Stock
[F2]2026-02-01$23.17/sh−2,014$46,664→ 13,522 total - Exercise/Conversion
Common Stock
[F1]2026-02-01+1,082→ 14,604 total - Tax Payment
Common Stock
[F2]2026-02-01$23.17/sh−427$9,894→ 14,177 total - Exercise/Conversion
Common Stock
[F1]2026-02-01+4,079→ 18,256 total - Tax Payment
Common Stock
[F2]2026-02-01$23.17/sh−1,717$39,783→ 16,539 total - Exercise/Conversion
Common Stock
[F1]2026-02-01+4,528→ 21,067 total - Tax Payment
Common Stock
[F2]2026-02-01$23.17/sh−1,906$44,162→ 19,161 total - Exercise/Conversion
Common Stock
[F1]2026-02-01+5,811→ 24,972 total - Tax Payment
Common Stock
[F2]2026-02-01$23.17/sh−2,446$56,674→ 22,526 total - Award
Restricted Stock Units
[F1][F3][F4][F5]2026-02-01+15,164→ 15,164 total→ Common Stock (15,164 underlying) - Award
Restricted Stock Units
[F1][F6][F5]2026-02-01+34,182→ 34,182 total→ Common Stock (34,182 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7][F5]2026-02-01−883→ 0 total→ Common Stock (883 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7][F5]2026-02-01−4,639→ 0 total→ Common Stock (4,639 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F8][F5]2026-02-01−1,082→ 1,082 total→ Common Stock (1,082 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7][F5]2026-02-01−4,079→ 0 total→ Common Stock (4,079 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F9][F5]2026-02-01−4,528→ 4,527 total→ Common Stock (4,528 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F10][F5]2026-02-01−5,811→ 11,620 total→ Common Stock (5,811 underlying)
Footnotes (10)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock.
- [F10]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.
- [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 two annual installments beginning on February 1, 2026, subject to the continued employment of the reporting person through each such vesting date.