SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Corey Christopher

(Last) (First) (Middle)
1900 W. FIELD COURT

(Street)
LAKE FOREST IL 60045

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Reynolds Consumer Products Inc. [ REYN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Presto Products
3. Date of Earliest Transaction (Month/Day/Year)
02/01/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Rule 10b5-1(c) Transaction Indication

  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/01/2024 M 340 A $0 1,053(1) D
Common Stock 02/01/2024 F 95(2) D $27.17 958 D
Common Stock 02/01/2024 M 342 A $0 1,300 D
Common Stock 02/01/2024 F 103(2) D $27.17 1,197 D
Common Stock 02/01/2024 M 1,678 A $0 2,875 D
Common Stock 02/01/2024 F 543(2) D $27.17 2,332 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 02/01/2024 A 10,954 (4) (4) Common Stock 10,954 $0 10,954 D
Restricted Stock Units (3) 02/01/2024 M 340 (5) (5) Common Stock 340 $0 0 D
Restricted Stock Units (3) 02/01/2024 M 342 (6) (6) Common Stock 342 $0 341 D
Restricted Stock Units (3) 02/01/2024 M 1,678 (7) (7) Common Stock 1,678 $0 3,356 D
Explanation of Responses:
1. The beneficial ownership of 665 shares, held directly, was erroneously reported on the reporting person's Form 3 filed on December 15, 2022. Those erroneously reported shares were subsequently included in the beneficial ownership direct holdings in the reporting person's Form 4 filed on February 3, 2023, Form 4 filed on March 7, 2023, and the Form 4/A filed on March 9, 2023.
2. Represents shares withheld by Reynolds Consumer Products Inc. (the "Company") to satisfy tax withholding obligations on the vesting of restricted stock units ("RSUs").
3. Each RSU represents a contingent right to receive one share of the Company's common stock.
4. RSUs vest as follows: one-third of the RSUs vest on each of the first three anniversaries of the date of grant.
5. The RSUs vested on February 1, 2024.
6. The RSUs vest as follows: 342 RSUs vested on February 1, 2024; and the remaining 341 RSUs vest on February 1, 2025.
7. One-third of these RSUs vested on February 1, 2024, and the remaining RSUs vest equally on February 1, 2025 and February 1, 2026.
Remarks:
/s/ C. David Watson, Attorney-in-Fact for Christopher Corey 02/05/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.