Christie James Justin 4

What Happened
Justin Christie, Chief Operations Officer of Reynolds Consumer Products Inc. (REYN), had performance share units (PSUs) earned and converted and received new restricted stock units (RSUs) on February 1, 2026. The filing shows conversions/exercises of derivative awards (337 and 687 shares) and two RSU grants totaling 1,792 and 5,179 RSUs (6,971 RSUs total). To satisfy tax withholding on the vesting, 100 shares (disposed) at $23.17 ($2,317) and 220 shares at $23.17 ($5,097) were surrendered — 320 shares withheld in total (~$7,414).

Key Details

• Transaction date: February 1, 2026; Form 4 filed February 3, 2026 (timely).
• Derivative exercises/conversions reported: 337 and 687 shares (M-code entries).
• RSU awards/grants reported: 1,792 and 5,179 RSUs (A-code entries) — total 6,971 RSUs granted/converted.
• Tax withholding (F-code): 100 shares withheld @ $23.17 = $2,317; 220 shares withheld @ $23.17 = $5,097; total ~$7,414.
• Footnotes: PSUs granted Feb 1, 2025 were earned based on 2025 performance and converted to RSUs that vest on Feb 1, 2028 (F1–F4). RSUs have various multi-year vesting schedules noted (F6–F8) and no expiration (F5).
• Shares owned after the transactions are not specified in the provided excerpt.

Context
These entries reflect compensation-related activity (conversion of PSUs to RSUs and award of RSUs) and routine tax-withholding rather than an open-market sale or purchase. The withholding of shares to cover taxes is common in equity vesting transactions and does not necessarily indicate a bullish or bearish insider view.