Form 4: Ranpak Holdings Director Michael Gliedman Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Director Michael S. Gliedman of Ranpak Holdings Corp. reports disposing of 6,154 shares to cover tax liabilities related to vesting stock units.
Summary
- On March 10, 2025, Michael S. Gliedman, a director of Ranpak Holdings Corp., disposed of 6,154 shares of Class A common stock.
- The disposal was executed to cover tax liabilities associated with the vesting of previously-granted performance-based restricted stock units and restricted stock units.
- The price per share was $5.72.
- Following the transaction, Gliedman directly owns 137,478 shares of Ranpak Holdings Corp.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | Date of transaction: Disposal of 6,154 shares of Class A common stock to cover tax liabilities. |
| 03/12/2025 | Date of signature by attorney-in-fact. |
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