Form 4: Ranpak Holdings Director Thomas Corley Receives Equity Grant of 29,325 Restricted Stock Units

Ranpak Holdings Corp. Director Thomas F. Corley was granted 29,325 restricted stock units of Class A common stock on May 22, 2025, increasing his direct beneficial ownership to 106,206 shares.

Summary

• Ranpak Holdings Corp. (PACK) Director Thomas F. Corley acquired 29,325 shares of Class A common stock through a grant of restricted stock units (RSUs) on May 22, 2025.
• The transaction was reported on a Form 4 filing with the SEC on May 27, 2025.
• The RSUs were granted at a price of $0.00 per share, which is typical for equity compensation grants.
• Following this acquisition, Mr. Corley directly beneficially owns a total of 106,206 shares of Ranpak Holdings Corp. Class A common stock.
• These restricted stock units are set to vest on the earlier of (i) the first anniversary of the grant date (May 22, 2026) or (ii) the date of the next annual shareholder meeting that occurs after the grant date.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is generally viewed positively as it aligns the director's incentives with shareholder value creation, without indicating any immediate financial distress or significant operational changes. It's a routine compensation event.

Positives

• The grant of restricted stock units to a director aligns the director's financial interests with those of the company's shareholders, encouraging long-term value creation.
• Equity compensation is a standard practice for retaining and incentivizing key personnel and board members.

Future Outlook

The granted restricted stock units are subject to a future vesting schedule, which will occur on the earlier of May 22, 2026, or the date of the next annual shareholder meeting after the grant date.

Industry Context

The grant of restricted stock units to a director is a common and widely accepted form of equity compensation across various industries for public companies. It serves to align the interests of the board with long-term shareholder value.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a form of director compensation is a standard practice in corporate governance, comparable to compensation structures seen in many publicly traded companies across various sectors.
• This method is widely adopted to incentivize long-term commitment and performance, aligning director interests with shareholder returns, consistent with global benchmarks for executive and board compensation.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to Thomas F. Corley, a director of Ranpak Holdings Corp., constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholders, potentially leading to improved long-term performance and value creation.
• Director (Thomas F. Corley): Receives equity compensation, incentivizing continued service and performance.

Next Steps

• Vesting of the 29,325 restricted stock units on the earlier of May 22, 2026, or the date of the next annual shareholder meeting after the grant date.

Key Dates

Recommendation

Keywords

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