Reynolds (REYN) CCO converts RSUs into shares and withholds stock for taxes
Rhea-AI Filing Summary
Reynolds Consumer Products Inc. Chief Commercial Officer Carlen Hooker reported routine equity compensation activity involving restricted stock units (RSUs). On June 1, 2026, he exercised RSUs covering a total of 18,788 shares of common stock, converting them into shares at a stated price of $0.00 per share.
To satisfy tax withholding obligations on the RSU vesting, a total of 7,991 shares of common stock were withheld by the company at a reference price of $21.67 per share, according to the filing footnotes. These F‑code transactions represent tax-withholding dispositions rather than open‑market sales. Following these transactions, Hooker continues to hold a direct common stock position as reflected in the filing’s post‑transaction share balances.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with share withholding for taxes; no open‑market trading.
The filing shows Carlen Hooker exercising restricted stock units (RSUs) into 18,788 shares of Reynolds Consumer Products common stock. RSUs are stock-based awards that convert into shares as they vest, here at a stated conversion price of $0.00.
To cover tax obligations on vesting, 7,991 shares were withheld at $21.67 per share. The F‑code entries are explicitly described as payment of tax liabilities, not discretionary open‑market sales. No Rule 10b5‑1 trading plan or remaining derivative positions are indicated in the excerpt.
This pattern—RSU conversion paired with tax withholding—is a standard, mechanistic form of executive compensation settlement and usually carries limited informational value about the insider’s view of the stock. The filing mainly updates Hooker’s equity holdings record.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 13,587 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,201 | $0.00 | -- |
| Exercise | Common Stock | 13,587 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,779 | $21.67 | $125K |
| Exercise | Common Stock | 5,201 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,212 | $21.67 | $48K |
Footnotes (1)
- Represents shares withheld by Reynolds Consumer Products Inc. to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock. RSUs vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the date of grant. The RSUs do not have an expiration date.