Form 4: Ranpak Holdings Director Acquires Shares in Lieu of Cash Retainer
SEC Form 4 Filing
Director Alicia M. Tranen acquired 2,358 shares of Ranpak Holdings Corp. Class A common stock on April 1, 2024, in lieu of a cash retainer for director services.
Summary
- On April 1, 2024, Alicia M. Tranen, 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, instead of a cash payment.
- The price per share was $7.95.
- Following the transaction, Ms. Tranen directly owns 228,742 shares.
- She also has indirect ownership through various trusts and family members.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction. The director taking shares instead of cash is a mildly positive signal.
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.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Alicia M. Tranen acquired shares of Class A common stock. |
| 04/03/2024 | Date of signature by attorney-in-fact. |
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