Form 4: Ranpak Holdings Corp. Executive Eric Laurensse Reports Stock Award and Tax Withholding

Eric Laurensse, a Managing Director at Ranpak Holdings Corp., reports the acquisition of Class A Common Stock through performance-based restricted stock units and a simultaneous withholding of shares for tax liabilities.

Summary

• On March 17, 2025, Eric Laurensse, Managing Director, Europe, at Ranpak Holdings Corp., acquired 35,058 shares of Class A common stock due to the vesting of performance-based restricted stock units (Performance RSUs).
• These Performance RSUs were earned 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.
• Concurrently, 5,785 shares were withheld at a price of $6.02 to cover tax liabilities related to the vesting of these Performance RSUs.
• Following these transactions, Laurensse directly owns 206,049 shares of Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions related to executive compensation. The vesting of performance-based RSUs suggests the achievement of company goals, which is mildly positive.

Positives

• The vesting of Performance RSUs indicates that pre-established performance goals were met, which could be viewed positively.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates activity related to equity compensation.

Comparison to Industry Standards

• Equity compensation is a common practice among publicly traded companies to align the interests of management with those of shareholders.
• The vesting schedule of the Performance RSUs (three equal installments over three years) is a typical structure for such awards.
• Tax withholding upon vesting is also a standard procedure.

Stakeholder Impact

• The vesting of Performance RSUs aligns management's interests with shareholders, potentially driving long-term value creation.

Key Dates

Keywords

Form 4, Ranpak Holdings Corp., Eric Laurensse, Performance RSUs, Class A Common Stock, Tax Withholding, Beneficial Ownership, PACK