Form 4: Ranpak Holdings Corp. CEO Omar Asali Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO and Executive Chairman of Ranpak Holdings Corp., Omar Asali, reports acquisition and disposal of Class A common stock due to vesting of performance-based restricted stock units and tax liabilities.
Summary
- On March 17, 2025, Omar Asali, CEO and Executive Chairman of Ranpak Holdings Corp., acquired 92,027 shares of Class A common stock related to performance-based restricted stock units (Performance RSUs).
- These Performance RSUs were earned based on pre-established performance goals and vest in three equal installments on March 17, 2025, March 10, 2026, and March 10, 2027.
- Also on March 17, 2025, 14,216 shares of Class A common stock were disposed of at a price of $6.02 to cover tax liabilities related to the vesting of the Performance RSUs.
- Following these transactions, Asali directly owns 2,730,193 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 document is neutral, reporting standard transactions related to executive compensation. The acquisition of shares based on performance goals is mildly positive, while the disposal for tax liabilities is a routine event.
Positives
- The acquisition of shares through Performance RSUs suggests that pre-established performance goals were met.
Negatives
- The disposal of shares to cover tax liabilities reduces Asali's direct holdings, although this is a common practice.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder confidence due to the vesting of performance-based restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: Acquisition of Class A common stock and disposal for tax liabilities. |
| 03/17/2025 | First vesting date of Performance RSUs. |
| 03/10/2026 | Second vesting date of Performance RSUs. |
| 03/10/2027 | Third vesting date of Performance RSUs. |
| 03/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Ranpak Holdings Corp., Omar Asali, Class A common stock, Performance RSUs, Beneficial ownership, Form 4, SEC
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