Reynolds (REYN) Officer Files Form 3 Showing 43,085 RSUs Vesting 2026–2028
Rhea-AI Filing Summary
Reynolds Consumer Products Inc. (REYN) officer and director Scott Arthur Vail reported initial beneficial ownership of 43,085 restricted stock units (RSUs) tied to common stock, reflecting an ownership stake through equity awards rather than direct shares. The RSUs vest in three equal tranches: 14,362 on 09/01/2026, 14,362 on 09/01/2027 and 14,361 on 09/01/2028, and each RSU converts into one share if and when vested. The filing identifies his role as Chief Operating Officer and director and was executed by an attorney-in-fact.
Positive
- Executive equity alignment: 43,085 RSUs provide clear alignment between the COO/director and shareholders through equity that vests over time
- Transparent vesting schedule: Specific vesting dates and tranche amounts (14,362; 14,362; 14,361) are disclosed, improving predictability for investors
Negative
- None.
Insights
TL;DR: Routine initial ownership filing showing executive alignment via time‑based RSUs, standard governance disclosure.
The Form 3 documents an initial beneficial ownership position for an executive director using time‑based restricted stock units rather than immediate share ownership. The vesting schedule spreads potential dilution over three years, which is typical for retention and alignment. This disclosure is procedural and informs shareholders of executive equity exposure and vesting timing but does not indicate additional compensation terms, performance conditions, or immediate share dilution beyond the contingent RSUs.
TL;DR: Filing meets Section 16 initial disclosure requirements; no unusual securities positions disclosed.
The report identifies the reporting person as an officer and director and lists 43,085 RSUs as beneficially owned, with explicit vesting dates and a one‑for‑one conversion to common stock. The submission by an attorney‑in‑fact appears procedural and the report format follows standard Instr. disclosures for non‑derivative and derivative holdings. There are no options, convertible instruments, or indirect ownership structures noted.