Form 4: Ranpak Holdings Corp. Director Michael Gliedman Reports Acquisition and Disposal of Class A Common Stock
SEC Form 4 Filing
Director Michael Gliedman reports acquisition of 17,529 Class A common stock units and disposal of 2,457 shares to cover tax liabilities.
Summary
- On March 17, 2025, Michael S. Gliedman, a director of Ranpak Holdings Corp., acquired 17,529 shares of Class A common stock related to performance-based restricted stock units (Performance RSUs).
- These Performance RSUs were earned based on pre-established performance goals set by Ranpak.
- The earned Performance RSUs vest in three equal installments on March 17, 2025, March 10, 2026, and March 10, 2027.
- Also on March 17, 2025, Gliedman disposed of 2,457 shares of Class A common stock at a price of $6.02 per share to cover tax liabilities associated with the vesting of a portion of previously-granted Performance RSUs.
- Following these transactions, Gliedman beneficially owns 152,550 shares of Class A common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment. The filing reflects routine transactions related to executive compensation. The acquisition of shares through vesting is a positive, but the sale for tax purposes is neutral.
Positives
- The acquisition of performance-based restricted stock units suggests that pre-established performance goals were met, which could be viewed positively.
Negatives
- The disposal of shares to cover tax liabilities, while a common practice, could be interpreted as a slight negative, although it's a standard part of equity compensation.
Future Outlook
The earned Performance RSUs vest in three equal installments on March 17, 2025, March 10, 2026, and March 10, 2027.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard equity compensation practices.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: Acquisition of Class A common stock and disposal of shares for tax liabilities. |
| 03/17/2025 | First vesting date of the earned Performance RSUs. |
| 03/10/2026 | Second vesting date of the earned Performance RSUs. |
| 03/10/2027 | Third vesting date of the earned Performance RSUs. |
| 03/19/2025 | Date of signature for the report. |
Keywords
Form 4, Ranpak Holdings Corp, PACK, Michael Gliedman, Class A Common Stock, Performance RSUs, Beneficial Ownership, Director, SEC Filing
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