Form 4: Ranpak Holdings Corp. Executive Siebert Receives Stock Grant
SEC Form 4 Filing
Mark A. Siebert, MD of North America at Ranpak Holdings Corp., received a grant of 20,500 restricted stock units on March 5, 2024.
Summary
- Mark A. Siebert, a Managing Director at Ranpak Holdings Corp., received 20,500 Class A common stock restricted stock units (RSUs) on March 5, 2024.
- These RSUs were granted under the company's 2019 Omnibus Incentive Plan.
- 50% of the RSUs will vest on March 10, 2025, and the remaining 50% will vest on March 10, 2026.
- Following the transaction, Siebert directly owns 62,385 shares of Class A common stock and indirectly owns 272 shares through a child.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.
Positives
- The grant of RSUs aligns Siebert's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
Future Outlook
The document does not contain specific forward-looking statements, but the RSU grant suggests an expectation of continued service and contribution from the executive.
Industry Context
Stock grants are a common form of executive compensation in publicly traded companies, aligning management's interests with shareholder value.
Comparison to Industry Standards
- Executive compensation packages, including stock grants, are typically benchmarked against peer companies within the packaging and sustainable solutions industry.
- Companies like Sealed Air, Amcor, and Sonoco Products often use similar equity-based compensation to incentivize their executives.
- The vesting schedule and grant size are likely determined based on industry standards and the executive's role and performance.
Stakeholder Impact
- The RSU grant could positively impact shareholders by incentivizing the executive to improve company performance.
- Employees may view the grant as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: Grant of 20,500 restricted stock units. |
| 03/07/2024 | Date of Form 4 filing. |
| 03/10/2025 | Vesting date for 50% of the granted RSUs. |
| 03/10/2026 | Vesting date for the remaining 50% of the granted RSUs. |
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