Form 4: Ranpak Holdings Corp: CEO Omar Asali Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
CEO and Executive Chairman of Ranpak Holdings Corp., Omar Asali, reports the disposal of shares to cover tax liabilities related to vested restricted stock units.
Summary
- On January 2, 2025, Omar Asali, CEO and Executive Chairman of Ranpak Holdings Corp., disposed of 46,153 shares of Class A common stock to cover tax liabilities.
- The shares were sold at a price of $6.78 per share.
- Following the transaction, Asali directly owns 2,593,233 shares.
- Asali also indirectly owns 1,333,679 shares through Vivoli Holdings, 343,220 shares through the Omar M. Asali Irrevocable Trust F/B/O Michael Asali, and 343,220 shares through the Omar M. Asali Irrevocable Trust F/B/O Yasmeen Asali.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate any fundamental change in the company's prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the company's overall outlook or performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a relatively small number of shares compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of the transaction (disposal of shares). |
| 01/06/2025 | Date of signature for the report. |
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