Form 4: Ranpak Holdings Corp. CFO William Drew Reports Stock Transaction

William Drew, CFO of Ranpak Holdings Corp., reports the disposal of 4,340 shares of Class A common stock to cover tax liabilities related to vesting restricted stock units on March 19, 2024.

Summary

• On March 19, 2024, William Drew, the Chief Financial Officer & SVP of Ranpak Holdings Corp., disposed of 4,340 shares of Class A common stock.
• The transaction was executed to cover the tax liabilities associated with the vesting of previously-granted performance-based restricted stock units.
• The shares were disposed of at a price of $7.35 per share.
• Following the transaction, Drew directly owns 507,897 shares of Class A common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of individuals with access to non-public information.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• Companies like Amazon, Apple, and Microsoft also have their executives and directors file Form 4s when they engage in transactions involving their company's stock.
• The specifics of each filing, such as the number of shares traded and the reasons for the transaction, vary depending on the individual's circumstances and the company's policies.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine transaction.

Key Dates