Form 4: Ranpak Holdings Corp. Executive Siebert Reports Tax-Related Share Disposal
SEC Form 4 Filing
Mark A. Siebert, MD of North America at Ranpak Holdings Corp., disposed of 3,946 shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 19, 2024, Mark A. Siebert, MD of North America at Ranpak Holdings Corp., disposed of 3,946 shares of Class A common stock to cover tax liabilities.
- The shares were sold at a price of $7.35 per share.
- Following the transaction, Siebert directly owns 87,923 shares of Class A common stock and indirectly owns 272 shares through a child.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine event related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Disposal of shares to cover tax liabilities. |
| 03/20/2024 | Date of signature by attorney-in-fact. |
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