Form 4: Ranpak Holdings CEO Omar Asali Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO and Executive Chairman of Ranpak Holdings, Omar Asali, disposed of 10,924 shares of Class A common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 19, 2024, Omar Asali, CEO and Executive Chairman of Ranpak Holdings Corp., disposed of 10,924 shares of Class A common stock.
- The transaction was executed to cover the tax liabilities associated with the vesting of a portion of Asali's previously-granted performance-based restricted stock units.
- The shares were sold at a price of $7.35 per share.
- Following the transaction, Asali directly owns 2,639,386 shares of Class A common stock.
- Asali also indirectly owns 1,333,679 shares through Vivoli Holdings and 343,220 shares each through trusts for his children, Michael and Yasmeen Asali.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations. It doesn't reflect a significant change in the executive's outlook on the company.
Industry Context
This is a routine transaction for executives to cover tax obligations related to stock-based compensation. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Disposal of Class A common stock. |
| 03/20/2024 | Date of signature by attorney-in-fact. |
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