Form 4: Ranpak Holdings Director Robert C. King Reports Acquisition of 29,325 Restricted Stock Units

Ranpak Holdings Corp. Director Robert C. King has reported the acquisition of 29,325 Class A common stock shares in the form of restricted stock units, as detailed in a recent SEC Form 4 filing.

Summary

• Robert C. King, a Director of Ranpak Holdings Corp. (PACK), acquired 29,325 shares of Class A common stock.
• The acquisition occurred on May 22, 2025, at a price of $0 per share, indicating a grant of restricted stock units (RSUs).
• Following this transaction, Mr. King beneficially owns a total of 172,107 shares.
• These restricted stock units are subject to vesting, which will occur on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting that occurs after the grant date.

Sentiment

Score: 6

Explanation: The grant of restricted stock units to a director is a standard practice for aligning interests and incentivizing performance, which is generally viewed as a neutral to slightly positive corporate governance action. The minor dilution is offset by improved alignment.

Positives

• The grant of restricted stock units aligns the interests of Director Robert C. King with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• This type of equity compensation is a common practice for retaining and incentivizing key management and board members.

Negatives

• The issuance of new shares for restricted stock units can lead to a minor dilutive effect on existing shareholders, although the impact from this specific grant of 29,325 shares is likely minimal.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: Minor potential future dilution from the vesting of RSUs, but improved alignment of director's interests with shareholder value.
• Employees (specifically Director King): Receives equity compensation, incentivizing long-term commitment and performance.

Next Steps

• The granted restricted stock units are expected to vest on the earlier of May 22, 2026 (one year from grant date) or the date of the next annual shareholder meeting after May 22, 2025.

Key Dates

Keywords

Ranpak Holdings Corp., PACK, Form 4, Insider Trading, Restricted Stock Units, RSU, Equity Compensation, Director Compensation, Stock Grant, Beneficial Ownership