Form 4: Ranpak Holdings Corp. Director Zumwalt Receives Stock Grant

Director Kurt Zumwalt of Ranpak Holdings Corp. received a grant of 15,625 shares of Class A common stock on May 23, 2024.

Summary

• On May 23, 2024, Kurt Zumwalt, a director of Ranpak Holdings Corp., acquired 15,625 shares of Class A common stock.
• The acquisition was a grant, with a price of $0.00 per share.
• Following the transaction, Zumwalt directly owns 91,159 shares of Class A common stock.
• The restricted stock units will vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual shareholder meeting after the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practice and aligns director interests with shareholders.

Positives

• The grant of stock to a director aligns their interests with those of the shareholders.
• Increased ownership by a director can signal confidence in the company's future prospects.

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

Stock grants to directors are a common practice to incentivize and align their interests with the company's performance and shareholder value.

Comparison to Industry Standards

• Stock grants to directors are a common practice across publicly traded companies.
• The size of the grant is relative to the size of the company and the director's role.
• Companies like Packaging Corporation of America (PKG) and WestRock (WRK) also use stock grants as part of their director compensation packages.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making for the company.
• Employees may view the grant as a positive sign of the company's commitment to its leadership.

Key Dates