Form 4: Ranpak Holdings Director Alicia M. Tranen Acquires Shares in Lieu of Cash Retainer

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

Summary

• On July 1, 2024, Alicia M. Tranen, a director of Ranpak Holdings Corp., acquired 3,088 shares of Class A common stock.
• The acquisition was made as an election to receive the quarterly retainer for director services in the form of vested shares rather than cash, at a price of $6.07 per share.
• Following the transaction, Tranen directly owns 247,455 shares.
• Tranen also has indirect ownership through the Blue Parrot Trust (71,660 shares), her father (79,924 shares), three children (125,000, 115,000 and 30,000 shares respectively), and her spouse (30,000 shares).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine insider 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 prospects.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates the director's confidence in the company.

Key Dates