Form 4: Ranpak Director Tranen Acquires Shares

Ranpak Holdings Corp. director Alicia M. Tranen acquired 3,372 Class A common shares at $5.56 each, opting for stock over cash for her quarterly retainer.

Summary

• Alicia M. Tranen, a Director of 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 as part of Ms. Tranen's election to receive her quarterly director services retainer in the form of vested shares instead of cash.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Ms. Tranen directly beneficially owns 294,672 shares of Class A common stock.
• Indirect beneficial ownership includes 71,660 shares held by Blue Parrot Trust (jointly controlled by Ms. Tranen and her spouse), 125,000 shares by child 1, 115,000 shares by child 2, and 30,000 shares by child 3.
• Ms. Tranen disclaims beneficial ownership of 79,924 shares held by her father and 30,000 shares held by her spouse.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director, particularly as part of compensation, is generally viewed as a positive signal of management's confidence in the company's prospects, though the transaction size is relatively small.

Positives

• A director's decision to receive compensation in company stock rather than cash can signal confidence in the company's future performance.
• The transaction was pre-planned under a Rule 10b5-1(c) plan, indicating a structured approach to insider transactions.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• Indirect beneficial ownership includes shares held by Blue Parrot Trust (jointly controlled by reporting person and spouse), and shares held by children. Beneficial ownership of shares held by father and spouse is disclaimed.

Stakeholder Impact

• Shareholders may view the director's decision to take stock compensation as a positive sign of alignment between management and shareholder interests.

Key Dates

Keywords

Ranpak Holdings Corp., PACK, Form 4, Insider Transaction, Director Stock Acquisition, Equity Compensation, 10b5-1 Plan