Mark Swartzberg
Reynolds Consumer ProductsAbout Mark Swartzberg
Mark Swartzberg, age 58, serves as Vice President, Investor Relations at Reynolds Consumer Products (REYN), a role he has held since April 2020, and he regularly hosts the company’s quarterly earnings calls . He holds a B.A. from Duke University and an MBA from Harvard Business School . Prior experience includes VP Investor Relations at Molson Coors (2018–2020) and nearly two decades as a sell-side analyst at Stifel (2002–2018), ABN AMRO (2000–2002), and Smith Barney (1998–2000) . Company performance metrics used for executive incentive alignment include Adjusted EBIT, Revenue, Adjusted EPS, Adjusted EBITDA, and Free Cash Flow; REYN reported FY2024 Net Income of $352 million and Adjusted EBIT of $549 million with cumulative TSR value of $109 on a $100 baseline since listing (Jan 31, 2020) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Molson Coors | Vice President, Investor Relations | 2018–2020 | Led IR at a global brewer, shaping investor messaging and coverage |
| Stifel Nicolaus | Securities Analyst | 2002–2018 | Senior coverage in consumer/packaging; built investor networks |
| ABN AMRO Bank N.V. | Securities Analyst | 2000–2002 | Sell-side research and valuation expertise |
| Smith Barney | Securities Analyst | 1998–2000 | Early career equity research foundation |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Reynolds Consumer Products (earnings calls) | IR host/moderator | Ongoing | Orchestrates quarterly disclosure and Q&A with CEO/CFO |
Fixed Compensation
- Specific base salary and cash compensation for Mr. Swartzberg are not disclosed in the proxy’s Named Executive Officer tables; he is listed as an executive officer but not as an NEO, so individual pay detail is omitted .
Company-level design relevant to senior executives (context for IR role):
- Base salary philosophy targets ~50th percentile of peers, adjusted for performance and retention needs .
- Perquisites are limited; no excise tax gross-ups; supplemental executive retirement plans not maintained for executives .
Performance Compensation
Company annual and long-term incentive frameworks for senior executives (metrics and outcomes), which define overall pay-for-performance alignment:
| Metric | Weighting | Threshold | Target | Maximum | Actual (FY2024) | Payout/Earned | Vesting |
|---|---|---|---|---|---|---|---|
| Adjusted EBIT Growth (2024 vs 2023) | 80% | $475m / 92.7% | $527m / 103.0% | $580m / 113.3% | $549m / 107% | 141% metric payout → 113% weighted | Cash AIP paid following FY |
| Revenue Growth (2023→2024) | 20% | $3,657m / 97.3% | $3,850m / 102.5% | $4,042m / 107.6% | $3,695m / 98% | 40% metric payout → 8% weighted | Cash AIP paid following FY |
| 2024 AIP Total | — | — | — | — | — | 121% of target | — |
| 2024 PSUs – Adjusted EPS Growth | 50% | $1.25 / 88% | $1.47 / 103.5% | $1.69 / 119% | $1.67 / 118% | 190.9% metric attainment → 95% weighted | Earned PSUs vest on 3rd anniversary |
| 2024 PSUs – Free Cash Flow ($m) | 50% | $252 | $315 | $378 | $369 | 185.7% metric attainment → 93% weighted | Earned PSUs vest on 3rd anniversary |
| 2024 PSUs Total | — | — | — | — | — | 188% of target; vest 2/1/2027 | PSUs vest 3 years post grant |
Notes:
- These metrics and outcomes govern senior executive incentives. Mr. Swartzberg’s specific participation or individual awards are not disclosed; as an executive officer he is subject to the company’s clawback and ownership policies described below .
Equity Ownership & Alignment
| Policy/Item | Detail |
|---|---|
| Anti-hedging and anti-pledging | Hedging and pledging of company securities are prohibited for employees and directors (alignment safeguard) . |
| Clawback policy | Amended and Restated Compensation Recoupment Policy effective Oct 2, 2023; applies to all executive officers covering incentive-based pay for three completed fiscal years preceding any required restatement; recovery by lawful methods subject to Nasdaq exceptions . |
| Ownership guidelines | Executive officers must hold: CEO 5x salary, CFO and business unit presidents 3x, other executive officers 2x salary; unearned PSUs/options do not count; retention of 50% of net shares until compliance by later of July 1, 2028 or 5 years from becoming subject; 100% retention if below requirement post-compliance date . |
| Insider trading policy | Formal policy filed with 10-K exhibit; designed to promote compliance with law and Nasdaq standards . |
Insider transactions observed for Mr. Swartzberg (signal for vesting-related flows):
| Filing Date | Transaction Date | Form | Summary |
|---|---|---|---|
| Feb 4, 2025 | Feb 1, 2025 | Form 4 | Shares withheld to satisfy taxes upon vesting; typical non-discretionary withholding at annual vest date |
| Jan 25, 2024 | Jan 24, 2024 | Form 4 | RSU-related filing; Form 4 notes each RSU represents right to one share; administrative equity event disclosure |
Interpretation:
- These filings indicate equity vesting cycles and tax-withholding, not open-market sales. Annual vest dates around Feb 1 often drive mechanical Form 4s (not inherently bearish) .
Employment Terms
- Equity eligibility requires non-competition agreements; executives’ cash and equity incentives are subject to clawback under the 2023 policy .
- Severance/change-of-control economics are detailed for Named Executive Officers; Mr. Swartzberg’s specific employment agreement terms are not disclosed in the proxy (no NEO listing) .
Performance & Track Record
- Company-level Pay vs Performance shows CAP alignment with Net Income and Adjusted EBIT across years; FY2024 Net Income $352m, Adjusted EBIT $549m; cumulative company TSR at $109 (peer TSR $141) on $100 initial baseline since listing .
- Mr. Swartzberg consistently moderates earnings calls, facilitating transparent communication with investors and analysts .
Compensation Peer Group (Benchmarking context)
- Peer group used for executive compensation includes Aptar, Church & Dwight, Clorox, Energizer, Sealed Air, Silgan, Sonoco, Spectrum Brands, Scotts, Greif, Hasbro, Helen of Troy, O-I Glass, Pactiv Evergreen, Snap-on, Yeti, Central Garden & Pet .
Say-on-Pay & Shareholder Feedback
- 2024 say‑on‑pay support ~99%; the CNG Committee kept the program structure unchanged given strong support .
Investment Implications
- Alignment safeguards: anti‑hedging/pledging, clawback, and stock ownership guidelines (2x base salary for other executive officers) reinforce long-term alignment for the IR function, reducing governance risk for investors .
- Trading signals: Mr. Swartzberg’s recent Form 4s reflect tax‑withholding at vest rather than discretionary selling; expect mechanical filings around Feb 1 vest dates—generally neutral, not indicative of negative sentiment .
- Retention risk: Specific severance/CoC economics for Mr. Swartzberg are not disclosed; however, equity-based incentives and ownership guidelines typically increase stickiness among executive officers, and his central role moderating earnings calls suggests durable engagement with investor communications .
- Performance levers: Company AIP and LTI emphasize Adjusted EBIT, Revenue, Adjusted EPS, and FCF; monitoring these drivers and vesting calendars can improve timing on any insider activity interpretations and overall sentiment read-through .