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

Director Michael Anthony Jones acquired 2,971 shares of Ranpak Holdings Corp. Class A common stock on October 1, 2024, by electing to receive vested shares instead of cash for his quarterly retainer.

Summary

• On October 1, 2024, Michael Anthony Jones, a director of Ranpak Holdings Corp., acquired 2,971 shares of Class A common stock.
• The shares were acquired at a price of $6.31 per share.
• This acquisition was a result of Jones' election to receive his quarterly retainer for director services in the form of vested shares rather than cash.
• Following the transaction, Jones directly owns 220,918 shares of Ranpak Holdings Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the director taking shares instead of cash could be seen as a slightly positive signal.

Positives

• The director's decision to take shares instead of cash could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Directors receiving equity as part of their compensation is a common practice, aligning their interests with those of shareholders. This Form 4 filing is a routine disclosure required by the SEC.

Stakeholder Impact

• The transaction has a minor impact on shareholders, potentially signaling confidence from a member of the board.

Key Dates