Form 4: Ranpak Director Opts for Stock Compensation

Ranpak Holdings Corp. Director Michael Anthony Jones acquired 3,372 shares of Class A common stock by electing to receive his quarterly retainer in vested shares.

Summary

• Michael Anthony Jones, a Director at Ranpak Holdings Corp. (PACK), acquired 3,372 shares of Class A common stock.
• The transaction occurred on October 1, 2025, at a price of $5.56 per share.
• These shares were issued in connection with Mr. Jones's election to receive his quarterly retainer for director services in the form of vested shares rather than cash.
• Following this transaction, Mr. Jones directly beneficially owns 265,164 shares of Class A common stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The sentiment is positive as a director choosing to receive compensation in stock indicates confidence in the company's future and aligns their interests with shareholders. This is a routine, pre-planned transaction.

Positives

• Increased alignment of Director Michael Anthony Jones's interests with those of shareholders through increased equity ownership.
• The election to receive compensation in stock demonstrates confidence in the company's future performance and long-term value creation.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Industry Context

It is a common practice for directors to receive a portion or all of their compensation in company stock, aligning their financial interests with long-term shareholder value. This practice is widely adopted across various industries to incentivize directors to make decisions that benefit the company's stock performance.

Comparison to Industry Standards

• Many publicly traded companies, including peers in the packaging and industrial solutions sector, offer directors the option to receive equity compensation. For example, directors at companies like Sealed Air Corporation (SEE) or WestRock Company (WRK) often have similar stock-based compensation plans to foster long-term commitment and align interests.
• The specific value of $5.56 per share for this transaction is based on the market price at the time of the compensation election, which is standard practice for such equity grants.

Stakeholder Impact

• Shareholders: The increased stock ownership by a director aligns management's interests more closely with those of shareholders, potentially leading to decisions that enhance long-term shareholder value.

Key Dates

Keywords

Ranpak Holdings Corp., PACK, Insider Transaction, Form 4, Director Compensation, Stock Acquisition, Equity Compensation, Michael Anthony Jones, Rule 10b5-1