Form 4: Ranpak Holdings Corp. Director, Robert C. King, Reports Acquisition of Restricted Stock Units

Director Robert C. King reports acquisition of 15,625 shares of Class A common stock in the form of restricted stock units.

Summary

• On May 23, 2024, Robert C. King, a director of Ranpak Holdings Corp., acquired 15,625 shares of Class A common stock in the form of restricted stock units.
• The restricted stock units were acquired at a price of $0.00.
• Following the transaction, King directly owns 142,782 shares of Class A common stock.
• The restricted stock units will vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting after the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction. The acquisition of shares by a director can be seen as a positive sign, but it's a routine occurrence.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The vesting of the restricted stock units is tied to the first anniversary of the grant date or the next annual shareholder meeting, indicating a long-term incentive for the director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence.

Key Dates