Form 4: Ranpak Holdings Director Acquires Shares Through Retainer Election

Michael Anthony Jones, a director at Ranpak Holdings Corp., acquired 2,765 shares of Class A common stock on January 2, 2025, by electing to receive his quarterly retainer in shares rather than cash.

Summary

• Michael Anthony Jones, a director at Ranpak Holdings Corp., acquired 2,765 shares of Class A common stock on January 2, 2025.
• The shares were acquired at a price of $6.78 per share.
• This acquisition was a result of Mr. Jones electing to receive his quarterly director retainer in the form of vested shares instead of cash.
• Following this transaction, Mr. Jones directly owns 223,683 shares of Ranpak Holdings Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the director's decision to take shares instead of cash indicates confidence in the company. It is a routine transaction, so it is not a major event.

Positives

• The director's decision to take shares instead of cash demonstrates confidence in the company's future.

Management Comments

• The shares were issued in connection with the Reporting Person's election to receive the Reporting Person's quarterly retainer for director services in the form of vested shares rather than cash.

Industry Context

This is a standard transaction for directors who receive equity as part of their compensation. It is common for directors to receive shares as part of their compensation package, aligning their interests with those of the shareholders.

Comparison to Industry Standards

• Director compensation often includes equity grants, aligning their interests with shareholders.
• Many companies offer directors the option to receive retainers in cash or shares.
• The number of shares granted is typical for director compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows director confidence in the company.

Key Dates

Keywords

Ranpak Holdings Corp, Director, Share Acquisition, Class A Common Stock, Retainer, Equity Compensation, Form 4, Insider Trading