Form 4: Ranpak Holdings Director Michael Gliedman Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Michael S. Gliedman of Ranpak Holdings Corp. [PACK] disposed of 8,287 shares to cover tax liabilities related to vesting restricted stock units on January 2, 2025.
Summary
- On January 2, 2025, Michael S. Gliedman, a director of Ranpak Holdings Corp., disposed of 8,287 shares of Class A common stock.
- The shares were disposed of to cover tax liabilities related to the vesting of previously granted restricted stock units.
- The transaction was executed at a price of $6.78 per share.
- Following the transaction, Gliedman directly owns 118,632 shares of Ranpak Holdings Corp.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common reason for share disposals by executives.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: disposal of shares to cover tax liabilities. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
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