Form 4: Reynolds Consumer Products Executive Rachel Rothe Bishop Reports Stock Transactions

Rachel Rothe Bishop, President of Hefty Tableware at Reynolds Consumer Products Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of company stock.

Summary

• On February 1, 2025, Rachel Rothe Bishop, President of Hefty Tableware at Reynolds Consumer Products Inc., reported transactions involving common stock and restricted stock units (RSUs).
• The transactions included the vesting of RSUs and the withholding of shares to cover tax obligations.
• Specifically, 15,674 RSUs were acquired, and portions of previously granted RSUs vested.
• Shares were withheld by the company to satisfy tax obligations related to the vesting of these RSUs, with a price of $27.61 per share.
• Following these transactions, Bishop's direct ownership of Reynolds Consumer Products Inc. common stock is 33,971 shares, and she holds 9,087 RSUs.

Sentiment

Score: 5

Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about changes in beneficial ownership.

Future Outlook

The remaining RSUs will continue to vest on subsequent anniversaries of the grant date, as detailed in the explanation of responses.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive interests with long-term shareholder value.
• The vesting schedules and tax withholding practices observed in this filing are typical for RSU grants in publicly traded companies.
• Comparable companies like Pactiv Evergreen and Berry Global also utilize equity-based compensation for their executives.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.
• The executive's compensation is affected by the vesting of RSUs and the value of the company's stock.

Key Dates