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

Director Pamela K. El acquired 2,358 shares of Ranpak Holdings Corp. Class A common stock on April 1, 2024, by electing to receive her quarterly retainer in shares rather than cash.

Summary

• On April 1, 2024, Pamela K. El, a director of Ranpak Holdings Corp., acquired 2,358 shares of Class A common stock.
• The shares were issued as payment for her quarterly retainer for director services.
• The price per share was $7.95.
• Following the transaction, Ms. El directly owns 75,149 shares of Ranpak Holdings Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction, and the director taking shares could be seen as a slightly positive signal, but it's not a major event.

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 performance.

Industry Context

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

Stakeholder Impact

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

Key Dates