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

Director Salil Seshadri of Ranpak Holdings Corp. acquired 3,088 shares of Class A common stock on July 1, 2024, in lieu of a cash retainer for director services.

Summary

• On July 1, 2024, Salil Seshadri, a director at Ranpak Holdings Corp., acquired 3,088 shares of Class A common stock.
• The acquisition was made in lieu of receiving a cash retainer for director services, with the shares acquired at a price of $6.07 per share.
• Following the transaction, Seshadri directly owns 500,571 shares of Class A common stock.
• Seshadri also indirectly owns 214,016 shares through the Peacock 2021 Family Trust, over which he has investment control and pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment. The transaction is a routine director compensation matter and doesn't indicate any significant positive or negative outlook for the company.

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 transaction reflects that common practice.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small number of shares relative to the total outstanding.

Key Dates