Form 4: Ranpak Holdings Corp. Executive Eric Laurensse Reports Changes in Beneficial Ownership

Eric Laurensse, a Managing Director at Ranpak Holdings Corp., reports the acquisition of restricted stock units and the withholding of shares for tax liabilities.

Summary

• On March 5, 2024, Eric Laurensse acquired 35,058 Class A common stock units at $0, representing a grant of restricted stock units (RSUs) under the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan.
• 50% of these RSUs will vest on March 10, 2025, and the remaining 50% will vest on March 10, 2026.
• On March 6, 2024, 6,600 Class A common stock units were disposed of at $4.55 to cover tax liabilities related to the vesting of previously-granted performance-based restricted stock units.
• Following these transactions, Laurensse directly owns 142,343 Class A common stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports standard transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.

Positives

• The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, which is common in publicly traded companies. It provides transparency regarding the alignment of management's interests with shareholders.

Stakeholder Impact

• The transactions have a minor impact on shareholders by slightly diluting the share base due to the issuance of RSUs, but this is a standard part of executive compensation.

Key Dates