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

Alicia M. Tranen, a director at Ranpak Holdings Corp., acquired 2,971 shares of Class A common stock on October 1, 2024, in lieu of a cash retainer.

Summary

• On October 1, 2024, Alicia M. Tranen, a director at Ranpak Holdings Corp., acquired 2,971 shares of Class A common stock at a price of $6.31 per share.
• This acquisition was made in connection with her election to receive her quarterly retainer for director services in the form of vested shares rather than cash.
• Following the transaction, Ms. Tranen directly owns 250,426 shares of Class A common stock.
• She also has indirect ownership through the Blue Parrot Trust (71,660 shares), her father (79,924 shares), three children (125,000, 115,000 and 30,000 shares respectively), and her spouse (30,000 shares).
• Ms. Tranen disclaims beneficial ownership of shares held by her father and spouse.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of an insider transaction. The director taking shares instead of cash is a mildly 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

This is a routine disclosure of insider transactions, which are common in publicly traded companies. Directors often receive compensation in the form of stock, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation in the form of stock is a common practice among publicly traded companies, particularly in the US.
• The amount of stock awarded as compensation varies widely depending on the size and performance of the company, as well as the director's role and responsibilities.
• Comparing Ranpak's director compensation structure to that of its peers in the packaging industry would provide a more detailed assessment.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It could be perceived as a slightly positive signal to shareholders, indicating director confidence.

Key Dates