Reynolds Consumer Products (REYN) CEO granted large RSU awards and settles prior units
Rhea-AI Filing Summary
Reynolds Consumer Products President and CEO Scott E. Huckins reported multiple equity compensation transactions dated February 1, 2026. The filing shows new restricted stock unit (RSU) awards and the settlement of previously granted RSUs into common shares, along with shares withheld for taxes.
Huckins received 63,020 RSUs that were earned from 2025 performance share units and will vest on February 1, 2028, and a separate grant of 126,888 RSUs vesting in three equal annual installments beginning February 1, 2027. Several RSU tranches were converted into common stock, and a total of 3,301, 3,812, and 10,163 shares were withheld by the company at $23.17 per share to cover tax obligations. After these transactions, he continued to hold common stock directly and significant RSU positions as part of his ongoing compensation.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 63,020 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 126,888 | $0.00 | -- |
| Exercise | Restricted Stock Units | 7,708 | $0.00 | -- |
| Exercise | Restricted Stock Units | 9,055 | $0.00 | -- |
| Exercise | Restricted Stock Units | 24,146 | $0.00 | -- |
| Exercise | Common Stock | 7,708 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,301 | $23.17 | $76K |
| Exercise | Common Stock | 9,055 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,812 | $23.17 | $88K |
| Exercise | Common Stock | 24,146 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,163 | $23.17 | $235K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Reynolds Consumer Products Inc. common stock. Represents shares withheld by Reynolds Consumer Products Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs"). On February 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. The RSUs vest in three annual installments beginning on February 1, 2025, subject to the continued employment of the reporting person through each such vesting date. The RSUs vest in two annual installments beginning on February 1, 2026, subject to the continued employment of the reporting person through each such vesting date. The RSUs vest in three annual installments beginning on February 1, 2026, subject to the continued employment of the reporting person through each such vesting date.