Form 4: Ranpak Holdings Corp. Executive Siebert Reports Stock Transactions

Mark A. Siebert, MD of North America at Ranpak Holdings Corp., reports acquisition and disposal of Class A common stock related to performance-based restricted stock units.

Summary

• On March 17, 2025, Mark A. Siebert, MD of North America at Ranpak Holdings Corp., acquired 20,500 shares of Class A common stock related to 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.
• Also on March 17, 2025, Siebert disposed of 2,372 shares of Class A common stock at a price of $6.02 per share to cover tax liabilities related to the vesting of previously-granted Performance RSUs.
• Following these transactions, Siebert directly owns 109,532 shares of Class A common stock and indirectly owns 272 shares through a child.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation. The acquisition of shares is a positive sign, but the disposal for tax purposes is neutral.

Positives

• The acquisition of 20,500 shares indicates confidence in the company's performance, as the RSUs were earned based on pre-established performance goals.

Negatives

• The disposal of 2,372 shares, while for tax purposes, represents a small reduction in Siebert's holdings.

Future Outlook

The earned Performance RSUs vest in three equal installments on each of March 17, 2025, March 10, 2026 and March 10, 2027.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and stock-based awards.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time based on performance or continued employment.
• The vesting schedule of the Performance RSUs (three equal installments over three years) is a common practice.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they reflect changes in insider ownership.

Key Dates

Keywords

Ranpak Holdings Corp., PACK, Mark A. Siebert, Form 4, insider trading, Performance RSUs, Class A common stock, executive compensation