Form 4: Ranpak Holdings Corp. Director Alicia M. Tranen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Alicia M. Tranen of Ranpak Holdings Corp. filed a Form 4 disclosing the acquisition of 15,625 Class A common stock units and adjustments to her beneficial ownership.
Summary
- On May 23, 2024, Alicia M. Tranen, a director of Ranpak Holdings Corp., reported changes in her beneficial ownership of the company's Class A common stock.
- She acquired 15,625 shares of Class A common stock.
- These restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.
- Following the transaction, Tranen directly owns 244,367 shares.
- She also has indirect ownership through the Blue Parrot Trust (71,660 shares), her father (79,924 shares), child 1 (125,000 shares), child 2 (115,000 shares), child 3 (30,000 shares), and spouse (30,000 shares).
- Tranen disclaims beneficial ownership of shares held by her father and spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating a neutral sentiment. It simply reports changes in stock ownership.
Future Outlook
The restricted stock units will vest on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the next annual shareholder meeting that occurs after the date of grant.
Management Comments
- The reporting person disclaims beneficial ownership of these shares and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of 15,625 shares of Class A common stock. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
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