Form 4: Ranpak Holdings Corp. Executive Siebert Acquires Shares Through Performance-Based Restricted Stock Units

Mark A. Siebert, MD of North America at Ranpak Holdings Corp., acquired shares of Class A common stock through the vesting of performance-based restricted stock units.

Summary

• Mark A. Siebert, a managing director at Ranpak Holdings Corp., acquired 29,484 shares of Class A common stock on March 14, 2024, through 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 14, 2024, March 10, 2025, and March 10, 2026.
• Following the transaction, Siebert directly owns 91,869 shares of Class A common stock and indirectly owns 272 shares through a child.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of shares by an executive based on performance goals is generally a good sign, indicating confidence in the company's future.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
• The vesting of performance-based restricted stock units suggests that the company has met certain performance goals.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting schedule of the Performance RSUs suggests an expectation of continued performance over the next two years.

Industry Context

Executive compensation through stock options and restricted stock units is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders, as it signals confidence from a company executive.
• The vesting of performance-based RSUs could motivate employees to achieve company goals.

Key Dates