Form 4: Ranpak Holdings Director Boosts Stake by Electing Stock Compensation

Ranpak Holdings Corp. Director Alicia M. Tranen increased her beneficial ownership by acquiring 5,179 shares of Class A common stock as part of her quarterly director retainer.

Summary

• Alicia M. Tranen, a Director of Ranpak Holdings Corp. (PACK), acquired 5,179 shares of Class A common stock on July 1, 2025.
• The shares were acquired at a price of $3.62 per share.
• This acquisition was a result of Ms. Tranen's election to receive her quarterly retainer for director services in the form of vested shares rather than cash.
• Following this transaction, Ms. Tranen directly beneficially owns 291,300 shares of Class A common stock.
• Indirect beneficial ownership includes 71,660 shares held by Blue Parrot Trust (jointly controlled by Ms. Tranen and her spouse), 125,000 shares by child 1, 115,000 shares by child 2, and 30,000 shares by child 3.
• Ms. Tranen disclaims beneficial ownership of 79,924 shares held by her father and 30,000 shares held by her spouse.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. A director choosing to receive compensation in company stock rather than cash generally indicates confidence in the company's future prospects and aligns their interests with shareholders, which is a favorable signal.

Positives

• A director electing to receive compensation in company stock rather than cash can signal confidence in the company's future performance and align management interests with shareholders.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• Director Alicia M. Tranen elected to receive her quarterly retainer for director services in the form of vested shares rather than cash.

Industry Context

This filing details an insider transaction specific to Ranpak Holdings Corp. and does not provide broader industry context or trends.

Related Party Transactions

• Acquisition of 5,179 Class A common stock by Director Alicia M. Tranen as compensation for director services.
• Indirect beneficial ownership of 71,660 shares through Blue Parrot Trust, which is jointly controlled by the reporting person and her spouse.
• Indirect beneficial ownership through children (125,000 shares by child 1, 115,000 shares by child 2, 30,000 shares by child 3).
• Disclosed indirect beneficial ownership of 79,924 shares through her father and 30,000 shares through her spouse, with beneficial ownership disclaimed for these holdings.

Stakeholder Impact

• Shareholders: The director's increased stock ownership enhances alignment of interests between management and shareholders, potentially fostering greater confidence.
• Management: The decision by a director to accept stock as compensation demonstrates a commitment to and belief in the company's long-term value.

Key Dates

Recommendation

Keywords

Ranpak Holdings, PACK, Form 4, insider transaction, stock acquisition, director compensation, beneficial ownership