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

Director Alicia M. Tranen acquired 2,765 shares of Ranpak Holdings Corp. Class A common stock on January 2, 2025, in lieu of a cash retainer for director services.

Summary

• On January 2, 2025, Alicia M. Tranen, a director of Ranpak Holdings Corp., acquired 2,765 shares of Class A common stock.
• The shares were issued as payment for the director's quarterly retainer, which Tranen elected to receive in the form of vested shares instead of cash.
• The price per share was $6.78.
• Following the transaction, Tranen directly owns 253,191 shares of Class A common stock.
• Tranen also has indirect ownership through various trusts and family members.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, but the director taking shares instead of cash could be interpreted slightly positively.

Positives

• The director's decision to take shares instead of cash may signal confidence in the company's future performance.

Industry Context

Directors often receive compensation in the form of stock to align their interests with those of shareholders. This is a common practice in publicly traded companies.

Comparison to Industry Standards

• Director compensation practices vary across industries and company sizes.
• Some companies offer a mix of cash and stock, while others provide stock options or restricted stock units.
• The decision to receive shares in lieu of cash is a personal one for the director, but it can be seen as a positive signal to the market.

Stakeholder Impact

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

Key Dates