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

William Drew, CFO of Ranpak Holdings Corp., reports acquisition of restricted stock units and disposition of shares to cover tax liabilities.

Summary

• On March 5, 2024, William Drew, the Chief Financial Officer & SVP of Ranpak Holdings Corp., acquired 30,675 shares of Class A common stock at $0, representing a grant of restricted stock units (RSUs).
• 50% of the RSUs will vest on March 10, 2025, and the remaining 50% will vest on March 10, 2026.
• On March 6, 2024, Drew disposed of 4,859 shares of Class A common stock at $4.55 to cover tax liabilities related to the vesting of performance-based restricted stock units.
• Following these transactions, Drew directly owns 480,979 shares of Ranpak Holdings Corp. Class A common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Positives

• The grant of restricted stock units to the CFO aligns his interests with those of the shareholders.
• The vesting schedule of the RSUs encourages long-term commitment from the CFO.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, ensuring transparency in stock ownership and transactions.
• The vesting schedule of the RSUs is typical for executive compensation packages, aligning long-term incentives with company performance.

Stakeholder Impact

• Shareholders are informed about the CFO's stock transactions, providing transparency into executive compensation and ownership.
• The transactions have a minimal direct impact on other stakeholders.

Key Dates