Form 4: Ranpak Holdings Corp. Executive William Drew Reports Acquisition and Disposal of Class A Common Stock
SEC Form 4 Filing
William Drew, Chief Financial Officer & EVP of Ranpak Holdings Corp., reports the acquisition of 30,675 shares and disposal of 3,819 shares of Class A common stock on March 17, 2025.
Summary
- On March 17, 2025, William Drew, the Chief Financial Officer & EVP of Ranpak Holdings Corp., acquired 30,675 shares of Class A common stock.
- These shares were obtained through the earning of performance-based restricted stock units (Performance RSUs) 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.
- On the same day, Mr. Drew disposed of 3,819 shares of Class A common stock at a price of $6.02.
- These shares were withheld to cover the tax liabilities related to the vesting of a portion of previously-granted performance-based restricted stock units.
- Following these transactions, Mr. Drew beneficially owns 541,394 shares of Class A common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document simply reports transactions of shares by an executive. The acquisition of shares through RSUs suggests positive performance, but the sale to cover taxes is a routine event.
Positives
- The acquisition of shares through performance-based restricted stock units suggests that pre-established performance goals were met, which could be a positive indicator for the company's performance.
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
This Form 4 filing is a routine disclosure related to insider transactions. It provides transparency into the trading activities of company executives, which is a standard practice in publicly traded companies.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of transaction: acquisition of 30,675 shares and disposal of 3,819 shares of Class A common stock; first vesting date of Performance RSUs. |
| 03/10/2026 | Second vesting date of Performance RSUs. |
| 03/10/2027 | Third vesting date of Performance RSUs. |
| 03/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Ranpak Holdings Corp., William Drew, Class A Common Stock, Form 4, Performance RSUs, Beneficial Ownership, Insider Trading
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