Form 4: Ranpak Holdings Corp. Director Michael Anthony Jones Reports Stock Disposal for Tax Obligations

Director Michael Anthony Jones of Ranpak Holdings Corp. reports disposing of 14,402 shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On March 6, 2024, Michael Anthony Jones, a director of Ranpak Holdings Corp., disposed of 14,402 shares of Class A common stock.
• The shares were disposed of to cover tax liabilities related to the vesting of previously-granted performance-based restricted stock units.
• The transaction was executed at a price of $4.55 per share.
• Following the transaction, Jones beneficially owns 212,501 shares of Ranpak Holdings Corp.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects a standard transaction related to tax obligations and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from vesting of stock awards, a common occurrence.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares by a director to cover tax obligations.

Key Dates