Form 4: Ranpak Holdings Director Michael Gliedman Reports Stock Grant and Tax Liability Share Withholding

Director Michael Gliedman reports receiving a grant of restricted stock units and a subsequent withholding of shares to cover tax liabilities.

Summary

• On March 5, 2024, Michael S. Gliedman, a director of Ranpak Holdings Corp., was granted 17,528 shares of Class A common stock in the form of restricted stock units (RSUs) at a price of $0.
• These RSUs are part of the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan.
• 50% of the RSUs will vest on March 10, 2025, and the remaining 50% will vest on March 10, 2026.
• On March 6, 2024, 2,777 shares of Class A common stock were withheld at $4.55 per share to cover tax liabilities related to the vesting of previously-granted performance-based restricted stock units.
• Following these transactions, Gliedman directly owns 111,537 shares of Ranpak Holdings Corp. Class A common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The director's future ownership will be affected by the vesting of the RSUs in 2025 and 2026.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.

Key Dates