Form 4: Ranpak COO Sells Shares for Tax Obligations

Ranpak Holdings Corp.'s Chief Operating Officer, Paul Aram, reported the sale of 950 shares of Class A common stock to cover tax liabilities related to vested restricted stock units.

Summary

• Paul Aram, Chief Operating Officer of Ranpak Holdings Corp. (PACK), reported a transaction involving the company's Class A common stock.
• On March 10, 2026, 950 shares of Class A common stock were disposed of.
• The disposition was made at a price of $3.83 per share.
• This transaction 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, Paul Aram beneficially owns 29,800 shares of Class A common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale of shares by the COO is a standard procedure to cover tax obligations arising from vested equity compensation, not an indication of a change in sentiment or company performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine tax-related sales by insiders, such as the disposition of shares to cover tax liabilities from vested equity compensation, are common practice across industries and typically do not reflect a change in management's outlook on the company's prospects.

Comparison to Industry Standards

• StockSavvy.ai observes that similar tax-related dispositions of shares are standard practice across industries for executives receiving equity compensation, aligning with global benchmarks for executive compensation and tax management.

Key Dates

Recommendation

This transaction is a routine disposition of shares by an insider to cover tax liabilities associated with vested equity compensation. It does not reflect a discretionary sale based on the insider's view of the company's future prospects and therefore does not provide a basis for altering an investment recommendation.

Keywords

Ranpak, PACK, Form 4, insider transaction, stock sale, COO, Paul Aram, restricted stock units, tax liability