Dividends, Market Capitalization and Total Shareholder Return

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Dividends

Market Capitalization

Total Shareholder Return

Skadden Discusses New SEC Pay-Versus-Performance Compliance & Disclosure Interpretations

Reynolds Holding

NOVEMBER 30, 2023

With respect to a registrant providing initial Pay versus Performance disclosure in its 2023 proxy statement for three years (as permitted by Instruction 1 to Item 402(v) of Regulation S-K), may the registrant present the peer group total shareholder return for each of the three years using the 2022 peer group? Answer: No.

Compliance

Compliance Total Shareholder Return Dividends Market Capitalization

Skadden Discusses SEC’s Pay Versus Performance Disclosure Rules

Reynolds Holding

SEPTEMBER 6, 2022

footnote disclosure to the table for any amounts deducted and added to total compensation of the NEOs to determine the amount of compensation “actually paid” (as described below) and certain related assumptions, as well as the name of each CEO and other NEO included in table for each year and the fiscal year for which they were included.

Total Shareholder Return

Total Shareholder Return Equity Dividends Market Capitalization

Business Valuation Zone

Skadden Discusses New SEC Pay-Versus-Performance Compliance & Disclosure Interpretations

Skadden Discusses SEC’s Pay Versus Performance Disclosure Rules

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