Form 4: Ranpak CFO's Tax Withholding on Vesting Shares
Insider Transaction Report
Ranpak Holdings Corp.'s Chief Financial Officer, William Drew, reported the withholding of 17,830 Class A common shares to cover tax liabilities associated with vested equity awards.
Summary
- William Drew, Chief Financial Officer and EVP of Ranpak Holdings Corp., reported a transaction on March 10, 2026.
- 17,830 shares of Class A common stock were disposed of at a price of $3.83 per share.
- This disposition was a 'tax withholding' (Transaction Code F) to cover tax liabilities related to the vesting of previously granted performance-based restricted stock units and restricted stock units.
- Following this transaction, William Drew beneficially owns 544,018 shares of Class A common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event. It is a routine administrative transaction related to executive compensation and does not indicate any significant operational or financial changes for Ranpak Holdings Corp.
Positives
- NA
Negatives
- NA
Future Outlook
No forward-looking statements or guidance are provided in this filing.
Industry Context
StockSavvy.ai notes that insider transactions, particularly routine tax withholdings related to equity vesting, are common occurrences in publicly traded companies. This filing reflects a standard mechanism for executives to cover tax obligations upon the vesting of their compensation awards, aligning executive interests with shareholder value over time.
Related Party Transactions
- Disposition of 17,830 Class A common shares by CFO William Drew to cover tax liabilities arising from the vesting of performance-based restricted stock units and restricted stock units, a standard compensation-related transaction.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine administrative transaction related to executive compensation and not a discretionary sale or purchase.
- Employees: Reflects the standard operation of the company's equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 03/10/2026 | Date of earliest transaction (shares withheld for tax liabilities related to vesting equity). |
| 03/12/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Ranpak Holdings Corp., PACK, Form 4, Insider Transaction, William Drew, CFO, Equity Compensation, Restricted Stock Units, Tax Withholding, Beneficial Ownership
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