Form 4: Ranpak Holdings Director Acquires Shares in Lieu of Cash Compensation

Director Salil Seshadri acquired 2,971 shares of Ranpak Holdings Corp. Class A common stock at $6.31 per share in lieu of cash compensation for director services.

Summary

• On October 1, 2024, Salil Seshadri, a director of Ranpak Holdings Corp., acquired 2,971 shares of Class A common stock.
• The shares were issued as compensation for director services, instead of a cash retainer.
• The price per share was $6.31.
• Following the transaction, Seshadri directly owns 503,542 shares and indirectly owns 214,016 shares through the Peacock 2021 Family Trust.
• Seshadri has investment control and pecuniary interest in all shares held by the Peacock 2021 Family Trust.

Sentiment

Score: 6

Explanation: Neutral sentiment. The filing reflects a routine transaction related to director compensation. The director taking shares instead of cash is a mildly positive signal.

Positives

• The director's decision to take shares in lieu of cash demonstrates confidence in the company's future prospects.

Industry Context

Directors receiving shares as compensation is a common practice, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates