Form 4: Ranpak Holdings Director, Michael Anthony Jones, Acquires Shares in Lieu of Cash Retainer

Director Michael Anthony Jones acquired 3,088 shares of Ranpak Holdings Corp. Class A common stock on July 1, 2024, by electing to receive vested shares instead of a cash retainer for director services.

Summary

• On July 1, 2024, Michael Anthony Jones, a director of Ranpak Holdings Corp., acquired 3,088 shares of Class A common stock.
• The acquisition was a result of Jones' election to receive his quarterly retainer for director services in the form of vested shares rather than cash.
• The price per share was $6.07.
• Following the transaction, Jones directly owns 217,947 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 slightly 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 compensation in the form of equity to align their interests with those of shareholders. This is a common practice in publicly traded companies.

Related Party Transactions

• The acquisition of shares by the director in lieu of cash compensation is a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It could be viewed positively by shareholders as it aligns the director's interests with theirs.

Key Dates