Jones Michael Anthony 4

What Happened

• Jones Michael Anthony, a director of Ranpak Holdings Corp. (PACK), was issued 5,179 vested shares on 2026-04-01 at an effective price of $3.62 per share, equal to approximately $18,748. The transaction is reported as an award/acquisition (code A) rather than an open-market purchase or sale.
• Footnote on the filing states these shares were issued because the director elected to receive his quarterly retainer in vested shares instead of cash.

Key Details

• Transaction date and price: 2026-04-01 — 5,179 shares @ $3.62 each (total ~$18,748).
• Shares owned after transaction: not specified in the filing.
• Footnote: shares issued in lieu of quarterly cash retainer (director compensation).
• Filing date: Form 4 filed 2026-04-07 (six days after the transaction), which is later than the typical two-business-day Form 4 reporting window.

Context

• This was a routine director compensation issuance (vesting of retainer shares), not a market purchase or sale; such awards are common and do not necessarily signal the director’s view on the stock. The amount is modest (~$19k) relative to typical executive transactions, so it’s primarily a payroll/compensation item rather than an investment move.