Form 4: Ranpak CFO Reports Future Stock Sale for Tax

Ranpak Holdings Corp.'s CFO, William Drew, reported a future disposition of 14,823 Class A common shares on January 2, 2026, to cover tax liabilities from restricted stock unit vesting.

Summary

• William Drew, Chief Financial Officer and EVP of Ranpak Holdings Corp., reported a planned disposition of company stock.
• The transaction involves 14,823 shares of Class A common stock.
• The shares will be disposed of on January 2, 2026, at a price of $5.53 per share.
• This disposition is to cover tax liabilities associated with the vesting of previously granted restricted stock units.
• Following this transaction, Drew will beneficially own 526,571 shares of Class A common stock.
• The transaction is made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned transaction for tax withholding related to executive equity compensation. It is neutral in terms of company performance or strategic direction.

Positives

• The transaction indicates the vesting of previously granted restricted stock units, which is a positive for the executive as it represents earned compensation.
• The use of a Rule 10b5-1 plan demonstrates pre-planned and transparent stock transactions by an insider, reducing concerns about opportunistic trading.

Negatives

• A reduction in direct beneficial ownership by a key executive, even for tax purposes, could be perceived as a slight decrease in direct alignment with shareholder interests, though it is a routine event.

Future Outlook

The filing indicates a future transaction scheduled for January 2, 2026, related to the vesting of restricted stock units and subsequent tax withholding, suggesting continued equity compensation plans for executives.

Management Comments

• No direct quotes or paraphrased statements from company management are included in this Form 4 filing.

Industry Context

This routine insider transaction, specifically for tax withholding upon RSU vesting, is common across all industries for executives receiving equity compensation. It does not reflect specific industry trends but rather standard executive compensation practices.

Comparison to Industry Standards

• The practice of withholding shares to cover tax liabilities upon the vesting of restricted stock units is a standard and widely accepted method of managing equity compensation in publicly traded companies across various sectors.
• This is a common occurrence for executives in companies comparable to Ranpak Holdings Corp. in size and market capitalization, such as those in the packaging or industrial solutions sectors.

Related Party Transactions

• The transaction involves an executive (William Drew) and the company (Ranpak Holdings Corp.) for equity compensation, which is a common related party transaction in the context of executive compensation. It is disclosed as a routine event.

Stakeholder Impact

• Shareholders: The transaction represents a minor reduction in the executive's direct ownership due to tax withholding, a standard part of equity compensation. The pre-planned nature under Rule 10b5-1 provides transparency.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• No specific future actions or milestones are mentioned beyond the scheduled transaction date of January 2, 2026.

Key Dates

Keywords

Ranpak Holdings Corp., PACK, Form 4, Insider Trading, Stock Sale, Tax Withholding, Restricted Stock Units, CFO, William Drew, Equity Compensation, 10b5-1 Plan