Form 4: Ranpak Holdings Corp. Executive Siebert Settles Tax Obligations with Stock
SEC Form 4 Filing
Mark A. Siebert, MD of North America at Ranpak Holdings Corp., disposed of 8,000 shares of Class A common stock to cover tax liabilities related to vesting restricted stock units.
Summary
- On January 2, 2025, Mark A. Siebert, MD of North America at Ranpak Holdings Corp., disposed of 8,000 shares of Class A common stock.
- The shares were disposed of to cover tax liabilities related to the vesting of previously granted restricted stock units.
- The transaction was executed at a price of $6.78 per share.
- Following the transaction, Siebert directly owns 79,923 shares of Class A common stock and indirectly owns 272 shares through a child.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's overall investment in the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: disposal of 8,000 shares of Class A common stock. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
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