Chief Legal Officer at Reynolds (REYN) receives 28,528 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reynolds Consumer Products Inc. reported new equity awards to its Chief Legal Officer, Jill Barnett. On February 1, 2026, she received 12,505 restricted stock units (RSUs) that stem from previously granted performance share units for fiscal 2025 and will vest on February 1, 2028. She was also granted 16,023 additional RSUs that will vest in three equal annual installments beginning February 1, 2027, contingent on her continued employment. Each RSU represents the right to receive one share of Reynolds common stock, carries no exercise price, and does not have an expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Barnett Jill
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,505 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 16,023 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 12,505 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 May 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 equity awards did REYN grant to Jill Barnett?
Reynolds Consumer Products granted Chief Legal Officer Jill Barnett 12,505 restricted stock units tied to 2025 performance and 16,023 additional RSUs on February 1, 2026. Each RSU represents one share of common stock and was awarded at a price of $0 per unit.
How many total restricted stock units did the REYN executive receive?
The filing shows Jill Barnett received 12,505 restricted stock units plus 16,023 restricted stock units, totaling 28,528 RSUs. These awards are derivative securities, each convertible into one share of Reynolds Consumer Products common stock, subject to specific vesting schedules and continued employment conditions.
When do Jill Barnett’s performance-based RSUs at REYN vest?
The 12,505 RSUs earned from 2025 performance share units will vest on February 1, 2028. They were originally granted as PSUs for fiscal 2025 performance, then converted to RSUs after results were determined, and now require service-based vesting until that 2028 date.
What is the vesting schedule for the additional RSUs granted by REYN?
The 16,023 restricted stock units vest in three equal annual installments beginning on February 1, 2027. Vesting is conditioned on Jill Barnett’s continued employment through each vesting date, effectively spreading the award over three years as service-based compensation in Reynolds stock.
Does Jill Barnett pay an exercise price for her REYN restricted stock units?
No, the restricted stock units reported carry a price of $0 per unit. Each RSU represents a contingent right to receive one share of Reynolds Consumer Products common stock upon vesting, without any additional cash payment required from the executive at conversion.
What role does Jill Barnett hold at Reynolds Consumer Products (REYN)?
Jill Barnett is identified as an officer of Reynolds Consumer Products, serving as Chief Legal Officer. The Form 4 indicates she is not a director or 10% owner, and the reported equity awards reflect her compensation in that senior legal leadership position.