Form 4: Ranpak CEO Asali Reports Tax-Related Stock Withholding

Ranpak Holdings Corp. CEO and Executive Chairman Omar Asali reported the withholding of 60,937 Class A common shares to cover tax liabilities related to equity vesting.

Summary

• Omar Asali, CEO and Executive Chairman of Ranpak Holdings Corp. (PACK), reported a transaction involving Class A common stock.
• On March 10, 2026, 60,937 shares of Class A common stock were disposed of at a price of $3.83 per share.
• This disposition represents shares withheld to cover tax liabilities associated with the vesting of previously granted performance-based restricted stock units and restricted stock units.
• Following this transaction, Mr. Asali directly beneficially owns 2,728,533 shares of Class A common stock.
• He also indirectly beneficially owns 1,333,679 shares through Vivoli Holdings, which he controls, and 343,220 shares each through two irrevocable trusts for his children, for which he may be deemed to have beneficial ownership.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine administrative action related to executive compensation rather than a strategic or performance-driven transaction.

Positives

• The transaction indicates the vesting of previously granted equity awards, suggesting performance milestones may have been met.

Negatives

• A reduction in direct share ownership, although for tax purposes, slightly decreases the CEO's direct stake.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that tax-related share withholdings are a common and routine occurrence in executive compensation plans, particularly with the vesting of restricted stock units, and do not typically signal a change in company strategy or executive confidence.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction, indicating the vesting of previously granted equity awards.
• Management: The CEO's direct beneficial ownership slightly decreases due to tax withholding, but overall equity exposure remains substantial.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related share withholding by the CEO upon equity vesting. Such transactions are administrative in nature and do not typically reflect a change in the company's fundamentals or the executive's long-term outlook. Therefore, it provides no new information to warrant a change in investment recommendation, maintaining a 'hold' position based on existing company analysis.

Keywords

Ranpak Holdings Corp., PACK, Omar Asali, Form 4, Insider Transaction, Stock Vesting, Tax Withholding, Executive Compensation, Class A Common Stock