Form 4: Ranpak Holdings Director Michael S. Gliedman Reports Tax Liability Share Withholding
SEC Form 4 Filing
Director Michael S. Gliedman of Ranpak Holdings Corp. reports the withholding of 2,480 Class A common stock shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 19, 2024, Michael S. Gliedman, a director of Ranpak Holdings Corp., had 2,480 shares of Class A common stock withheld to cover tax liabilities.
- The shares were withheld at a price of $7.35 per share.
- Following the transaction, Gliedman directly owns 126,919 shares of Class A common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard transaction related to tax obligations. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a standard Form 4 filing, reflecting insider transactions related to equity compensation and tax obligations. Such filings are common and provide transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine adjustment of share ownership due to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: 2,480 shares of Class A common stock withheld for tax liabilities. |
| 03/20/2024 | Date of signature on the report. |
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