Aram Paul 4

What Happened

Aram Paul, Chief Operating Officer of Ranpak Holdings Corp. (PACK), had 950 shares withheld on March 10, 2026 to cover tax liabilities tied to the vesting of previously granted performance-based restricted stock units and restricted stock units. The withholding price was $3.83 per share, for a total value of $3,639. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (appears timely).
• Withheld shares: 950 at $3.83 each — total $3,639.
• Transaction code: F — shares withheld to cover tax withholding on vested awards.
• Footnote: Represents shares withheld to cover tax liabilities related to vesting of performance-based RSUs and RSUs.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• Tax-withholding on vested restricted stock is a routine administrative action and does not necessarily signal insider sentiment about the company’s stock.
• This was not an open-market sale or purchase; shares were withheld as payment of tax obligations arising from vesting (a form of cashless settlement).