Form 4: Ranpak Holdings Director Alicia Tranen Reports Significant Restricted Stock Unit Grant

Ranpak Holdings Corp. Director Alicia M. Tranen reported the acquisition of 29,325 Class A common stock shares as restricted stock units, increasing her direct and indirect beneficial ownership.

Summary

• Alicia M. Tranen, a Director of Ranpak Holdings Corp. (PACK), acquired 29,325 shares of Class A common stock on May 22, 2025.
• These shares were acquired at a price of $0.00, indicating they are restricted stock units (RSUs) as part of an equity compensation plan.
• The RSUs are set to vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting that occurs after the grant date.
• Following this transaction, Tranen directly beneficially owns 286,121 shares of Class A common stock.
• She also indirectly beneficially owns 71,660 shares through the Blue Parrot Trust, which she jointly controls with her spouse.
• Additionally, the filing discloses indirect holdings by her father (79,924 shares), child 1 (125,000 shares), child 2 (115,000 shares), child 3 (30,000 shares), and spouse (30,000 shares), though she disclaims beneficial ownership for shares held by her father and spouse.

Sentiment

Score: 7

Explanation: The acquisition of restricted stock units by a director is generally a positive signal as it aligns management's interests with shareholders, indicating confidence in future performance. However, it's a routine compensation event rather than a significant operational or financial announcement.

Positives

• Director Alicia M. Tranen received a grant of 29,325 restricted stock units, which aligns her long-term interests with those of the company's shareholders.
• The grant at a $0.00 price is a standard form of equity compensation, designed to incentivize management for future performance and value creation.

Future Outlook

The vesting schedule for the restricted stock units indicates future equity ownership for the director, aligning her long-term interests with the company's performance and potential future value creation.

Industry Context

This Form 4 filing reflects a standard practice of executive compensation within publicly traded companies, where directors and officers receive equity grants to align their incentives with shareholder value creation. It does not provide broader industry trends or specific competitive insights.

Comparison to Industry Standards

• Equity grants, particularly restricted stock units, are a common form of compensation for directors across various industries, including packaging and industrial solutions.
• The specific size of the grant (29,325 shares) would typically be evaluated against the company's overall compensation philosophy, market capitalization, and peer group compensation practices, though this document does not provide such comparative data.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns her interests with shareholders, potentially fostering long-term value creation and demonstrating commitment to the company's performance.

Next Steps

• The restricted stock units will vest on the earlier of the first anniversary of the grant date (May 22, 2026) or the date of the next annual shareholder meeting after the grant date.

Key Dates

Keywords

Ranpak Holdings Corp., PACK, Form 4, SEC filing, insider ownership, restricted stock units, equity compensation, director stock grant, beneficial ownership