Form 4: Ranpak Holdings Corp. Executive Eric Laurensse Reports Stock Transaction
SEC Form 4 Filing
Eric Laurensse, a Managing Director at Ranpak Holdings Corp., reports the withholding of 5,896 shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 19, 2024, Eric Laurensse, a Managing Director at Ranpak Holdings Corp., had 5,896 shares of Class A common stock withheld to cover tax liabilities.
- The shares were withheld at a price of $7.35 per share.
- Following the transaction, Laurensse directly owns 172,172 shares of Ranpak Holdings Corp.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of an executive's stock holdings.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of stock transaction (withholding of shares). |
| 03/20/2024 | Date of signature by attorney-in-fact. |
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