Form 4: Ranpak Holdings Director, Pamela K. El, Acquires Shares in Lieu of Cash Retainer

Director Pamela K. El acquired 3,088 shares of Ranpak Holdings Corp. Class A common stock on July 1, 2024, in lieu of a cash retainer for director services.

Summary

• On July 1, 2024, Pamela K. El, a director of Ranpak Holdings Corp., acquired 3,088 shares of Class A common stock.
• The acquisition was made as an election to receive the quarterly retainer for director services in the form of vested shares rather than cash.
• The price per share was $6.07.
• Following the transaction, Pamela K. El directly owns 93,862 shares of Ranpak Holdings Corp.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard transaction of a director receiving shares as part of their compensation. It doesn't indicate any significant positive or negative outlook for the company.

Positives

• The director's decision to take shares instead of cash could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Directors receiving equity in lieu of cash compensation is a fairly common practice, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates