Form 4: Ranpak Holdings Director Zumwalt Receives Stock in Lieu of Cash Retainer

Director Kurt Zumwalt of Ranpak Holdings Corp. received 2,358 shares of Class A common stock on April 1, 2024, as part of his quarterly retainer for director services.

Summary

• This Form 4 filing reports a change in beneficial ownership for Kurt Zumwalt, a director at Ranpak Holdings Corp.
• On April 1, 2024, Zumwalt acquired 2,358 shares of Class A common stock at a price of $7.95 per share.
• These shares were issued as payment for his quarterly retainer for director services, instead of a cash payment.
• Following this transaction, Zumwalt directly owns 75,534 shares of Ranpak Holdings Corp. Class A common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director taking stock instead of cash is a slightly positive signal.

Positives

• The director's decision to receive stock instead of cash may signal confidence in the company's future performance.

Industry Context

Directors accepting stock in lieu of cash compensation is a fairly common practice, especially for smaller companies or those looking to conserve cash. It aligns the director's interests with those of the shareholders.

Related Party Transactions

• The issuance of shares to Kurt Zumwalt, a director, as compensation for his services is a related party transaction.

Stakeholder Impact

• The transaction has a minor impact on shareholders, as it slightly increases the number of outstanding shares.

Key Dates