Form 4: Ranpak Holdings Corp. Director Thomas F. Corley Reports Acquisition of Restricted Stock Units

Director Thomas F. Corley reports acquisition of 15,625 Class A common stock restricted stock units in Ranpak Holdings Corp.

Summary

• On May 23, 2024, Thomas F. Corley, a director of Ranpak Holdings Corp., acquired 15,625 shares of Class A common stock.
• These shares were in the form of restricted stock units (RSUs) granted as compensation.
• The RSUs 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.
• Following this transaction, Corley directly owns 76,881 shares of Ranpak Holdings Corp. Class A common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence.

Positives

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

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.

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 sentiment.

Key Dates