Reynolds (REYN) CAO Stephen Estes reports new RSUs and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reynolds Consumer Products Inc. executive Stephen C. Estes, the Chief Administrative Officer, reported multiple equity compensation transactions dated February 1, 2026.
He acquired 12,272 restricted stock units (RSUs) that were earned from 2025 performance share units and will vest on February 1, 2028. He also received 18,677 RSUs that vest in three equal annual installments beginning February 1, 2027, subject to continued employment.
Several existing RSU awards vested and were settled into common stock, with RSUs converted into 3,020, 15,346, 4,207, and 4,703 shares. To satisfy tax withholding on these vestings, the company withheld 1,317, 5,391, 1,806, and 1,980 shares at a price of $23.17 per share. After these transactions, Estes directly owns 43,422 shares of Reynolds common stock, along with multiple outstanding RSU awards, including blocks of 12,272 and 18,677 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,276 shares exercised/converted
Mixed
14 txns
Insider
Estes Stephen C.
Role
Chief Administrative Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 12,272 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 18,677 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,020 | $0.00 | -- |
| Exercise | Restricted Stock Units | 15,346 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,207 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,703 | $0.00 | -- |
| Exercise | Common Stock | 3,020 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,317 | $23.17 | $31K |
| Exercise | Common Stock | 15,346 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,391 | $23.17 | $125K |
| Exercise | Common Stock | 4,207 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,806 | $23.17 | $42K |
| Exercise | Common Stock | 4,703 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,980 | $23.17 | $46K |
Holdings After Transaction:
Restricted Stock Units — 12,272 shares (Direct);
Common Stock — 29,660 shares (Direct)
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 vested on February 1, 2026. 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 three annual installments beginning on February 1, 2026, subject to the continued employment of the reporting person through each such vesting date.
FAQ
What did Stephen C. Estes report in this Form 4 for Reynolds (REYN)?
Stephen C. Estes reported routine equity compensation activity. Several restricted stock unit (RSU) awards vested and converted into common shares, new RSU grants were issued, and shares were withheld by Reynolds Consumer Products Inc. to cover related tax withholding obligations.
How many Reynolds (REYN) RSUs were newly granted to Stephen C. Estes?
Stephen C. Estes received two significant RSU grants. He acquired 12,272 RSUs earned from 2025 performance share units that vest on February 1, 2028, and a separate 18,677 RSU grant that vests in three equal annual installments beginning February 1, 2027.
What are the key vesting terms for Stephen C. Estes’s new RSUs at Reynolds (REYN)?
His new RSUs vest over future service periods. The 12,272 RSUs earned from 2025 performance vest on February 1, 2028, while 18,677 RSUs vest in three equal annual installments starting February 1, 2027, contingent on continued employment.
Did Stephen C. Estes make open-market purchases or sales of Reynolds (REYN) stock?
The reported activity reflects equity awards and tax withholding, not open-market trades. Shares were issued from vested RSUs (coded “M”) and a portion was withheld (coded “F”) by the company to meet tax obligations at a fixed price of $23.17.