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

Michael Anthony Jones, a director at Ranpak Holdings Corp., acquired 2,358 shares of Class A common stock on April 1, 2024, in lieu of a cash retainer for director services.

Summary

• On April 1, 2024, Michael Anthony Jones, a director of Ranpak Holdings Corp., acquired 2,358 shares of Class A common stock.
• The shares were issued as compensation for the director's quarterly retainer, which Jones elected to receive in the form of vested shares instead of cash.
• The price per share was $7.95.
• Following the transaction, Jones directly owns 214,859 shares of Ranpak Holdings Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. 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 equity as part of their compensation packages. This aligns their interests with those of shareholders. The specific details of these arrangements are closely watched by investors.

Stakeholder Impact

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

Key Dates