Form 4: Ranpak Holdings CFO William Drew Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
William Drew, CFO of Ranpak Holdings, disposed of 14,414 shares of Class A common stock on January 2, 2025, to cover tax liabilities related to vesting restricted stock units.
Summary
- On January 2, 2025, William Drew, the Chief Financial Officer & SVP of Ranpak Holdings Corp., disposed of 14,414 shares of Class A common stock.
- The transaction was executed to cover the tax liabilities associated with the vesting of a portion of his previously granted restricted stock units.
- The shares were sold at a price of $6.78 per share.
- Following the transaction, Drew directly owns 493,483 shares of Class A common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of stock disposal transaction. |
| 01/06/2025 | Date of signature for the report. |
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