Ranpak Holdings Corp. (PACK) director awarded 16,181 restricted units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KING ROBERT C reported acquisition or exercise transactions in this Form 4 filing.
Ranpak Holdings Corp. director Robert C. King received an award of 16,181 restricted stock units representing shares of Class A common stock at no cost. After this grant, he holds 188,288 shares directly. These restricted stock units will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KING ROBERT C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A common stock | 16,181 | $0.00 | -- |
Holdings After Transaction:
Class A common stock — 188,288 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 16,181 units
Price per share: $0.0000
Shares after transaction: 188,288 shares
+2 more
5 metrics
RSUs granted
16,181 units
Restricted stock units awarded to director Robert C. King
Price per share
$0.0000
Grant price for the 16,181 restricted stock units
Shares after transaction
188,288 shares
Total Class A common stock held directly after grant
Vesting trigger 1
First anniversary
Units vest on the first anniversary of grant date
Vesting trigger 2
Next annual meeting
Alternatively vest on date of next annual shareholder meeting
Key Terms
restricted stock units, Class A common stock, annual shareholder meeting
3 terms
restricted stock units financial
"These restricted stock units will vest on the earlier of (i) the first anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Class A common stock financial
"security_title: Class A common stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did Ranpak Holdings Corp. (PACK) report for Robert C. King?
Ranpak reported that director Robert C. King received 16,181 restricted stock units at no cost. These units represent Class A common stock and are part of his equity compensation, not an open-market purchase or sale.
What are the vesting terms of Robert C. King’s new Ranpak (PACK) restricted stock units?
The restricted stock units vest on the earlier of the first anniversary of the grant date or the date of the next annual shareholder meeting. This time-based vesting aligns his compensation with continued board service.
Does this Ranpak (PACK) Form 4 indicate a buy or sell by the director?
The Form 4 reflects an acquisition through a grant or award, coded as transaction type A. It is equity compensation, not an open-market buy or sell of Ranpak shares.