Form 4: Ranpak Holdings Corp. Executive Acquires Shares Through Performance-Based Restricted Stock Units
SEC Form 4 Filing
Antonio Grassotti, a Managing Director at Ranpak Holdings Corp., acquired 20,344 shares of Class A common stock on March 17, 2025, through the vesting of performance-based restricted stock units.
Summary
- On March 17, 2025, Antonio Grassotti, a Managing Director at Ranpak Holdings Corp., acquired 20,344 shares of Class A common stock.
- The acquisition was a result of earned performance-based restricted stock units (Performance RSUs) as determined by Ranpak based on pre-established performance goals.
- The earned Performance RSUs vest in three equal installments on March 17, 2025, March 10, 2026, and March 10, 2027.
- Following the transaction, Grassotti directly owns 188,856 shares of Class A common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard insider transaction filing related to compensation. The vesting of performance-based RSUs suggests that performance goals were met, which is mildly positive.
Positives
- The vesting of performance-based restricted stock units suggests that pre-established performance goals were met, which could be viewed positively.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of earliest transaction and vesting of first tranche of Performance RSUs |
| 03/17/2025 | Date of vesting of first tranche of Performance RSUs |
| 03/10/2026 | Date of vesting of second tranche of Performance RSUs |
| 03/10/2027 | Date of vesting of third tranche of Performance RSUs |
| 03/19/2025 | Date of signature on the Form 4 filing |
Keywords
Ranpak Holdings Corp, PACK, Antonio Grassotti, Class A Common Stock, Performance RSUs, Beneficial Ownership, Form 4, SEC Filing, Insider Transaction
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