Reynolds Consumer Products (REYN) awards new RSU grants to Hefty Tableware president
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reynolds Consumer Products Inc. reported equity awards for President, Hefty Tableware, Clark Ryan Gerard. On February 1, 2026, he received 16,253 restricted stock units that were earned from 2025 performance share units and will vest on February 1, 2028.
He also received a separate grant of 18,990 restricted stock units that will vest in three equal annual installments beginning on February 1, 2027, subject to continued employment. Each RSU represents a right to receive one share of Reynolds Consumer Products common stock, and both awards were reported as directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clark Ryan Gerard
Role
President, Hefty Tableware
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 16,253 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 18,990 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 16,253 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock. On June 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. The RSUs vest on February 1, 2028. The RSUs do not have an expiration date. 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.
FAQ
What insider transaction did REYN disclose for Clark Ryan Gerard?
Reynolds Consumer Products Inc. disclosed RSU grants to Clark Ryan Gerard, President, Hefty Tableware. On February 1, 2026, he received 16,253 RSUs earned from prior performance share units and 18,990 additional RSUs, all reported as directly owned equity awards.
How many restricted stock units did the REYN executive receive on February 1, 2026?
On February 1, 2026, the REYN executive received 16,253 restricted stock units converted from performance share units and an additional 18,990 restricted stock units. Both awards were granted at a price of $0 per unit as equity compensation, representing rights to receive common shares.
When do Clark Ryan Gerard’s REYN restricted stock units vest?
The 16,253 RSUs earned from 2025 performance share units vest on February 1, 2028. The 18,990 RSUs vest in three equal annual installments starting February 1, 2027, with each installment contingent on his continued employment through the applicable vesting date.
What were the performance conditions tied to the 16,253 REYN RSUs?
The 16,253 RSUs originated from performance share units granted June 1, 2025. The final number earned was determined on February 1, 2026 based on the company’s actual performance for fiscal 2025, after which they converted into service-based RSUs vesting in 2028.
Does the REYN executive pay anything for these restricted stock units?
According to the filing, both restricted stock unit grants were reported with a price of $0 per unit. Each RSU represents a contingent right to receive one share of Reynolds Consumer Products common stock without an exercise price, subject to the specified vesting conditions.
Are the reported REYN restricted stock units subject to an expiration date?
The filing states that the restricted stock units do not have an expiration date. Instead, they are governed by time- or performance-based vesting conditions, with specific vesting dates in 2027 and 2028 determining when shares can be delivered to the executive.