Form 4: Ranpak Holdings Corp. Executive Antonio Grassotti Reports Stock Grant

Antonio Grassotti, Managing Director, APAC at Ranpak Holdings Corp., reports the acquisition of 20,343 shares of Class A common stock through a grant of restricted stock units.

Summary

• Antonio Grassotti, a Managing Director at Ranpak Holdings Corp., filed a Form 4 on March 7, 2024, reporting a transaction that occurred on March 5, 2024.
• The transaction involved the acquisition of 20,343 shares of Class A common stock through a grant of restricted stock units (RSUs).
• These RSUs were granted under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan.
• 50% of the RSUs will vest on March 10, 2025, and the remaining 50% will vest on March 10, 2026.
• Following the reported transaction, Grassotti beneficially owns 129,473 shares of Class A common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding executive compensation, indicating a neutral sentiment.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies to incentivize and retain key personnel.

Stakeholder Impact

• The RSU grant could have a slightly positive impact on shareholder sentiment as it aligns management's interests with the company's long-term performance.

Key Dates