Form 4: Ranpak Holdings Corp. Executive Eric Laurensse Reports Stock Grant
SEC Form 4 Filing
Eric Laurensse, a Managing Director at Ranpak Holdings Corp., reports the acquisition of restricted stock units (RSUs) and disposal of Class A common stock.
Summary
- On March 4, 2025, Eric Laurensse, a Managing Director at Ranpak Holdings Corp., reported a transaction involving the company's stock.
- Laurensse acquired 31,552 shares of Class A common stock through a grant of restricted stock units (RSUs) at a price of $0.
- These RSUs are part of the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan.
- Each RSU represents the right to receive one share of Class A common stock.
- The RSUs will vest in three equal installments on March 10, 2026, March 10, 2027, and March 10, 2028.
- Laurensse also disposed of an unspecified amount of Class A common stock.
- Following the reported transactions, Laurensse beneficially owns 191,349 shares of Class A common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard executive compensation transaction. The RSU grant is a positive for the executive, but it's a routine event.
Positives
- The grant of RSUs to a key executive like Eric Laurensse aligns his interests with the long-term performance of the company.
- The vesting schedule of the RSUs (March 10, 2026, March 10, 2027, and March 10, 2028) encourages continued service and commitment from the executive.
Future Outlook
The document outlines the vesting schedule for the granted RSUs, indicating future equity compensation for the reporting person.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when company insiders, like officers and directors, trade in their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The RSU grant aligns the executive's interests with shareholders, potentially driving long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 03/04/2025 | Date of transaction: Acquisition of RSUs and disposal of Class A common stock. |
| 03/06/2025 | Date of signature on the Form 4 filing. |
| 03/10/2026 | First vesting date for the RSUs. |
| 03/10/2027 | Second vesting date for the RSUs. |
| 03/10/2028 | Third vesting date for the RSUs. |
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