Corley Thomas F. 4

What Happened

• Thomas F. Corley, a director of Ranpak Holdings Corp. (PACK), was granted 16,181 restricted stock units (RSUs) on May 21, 2026. The filing reports the acquisition at $0.00 (typical for grant awards), so no cash purchase was made.
• This is an award/grant (code A) rather than an open-market purchase or sale — it increases potential future equity but does not immediately transfer vested shares or indicate a sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (appears timely).
• Amount: 16,181 RSUs; reported price: $0.00 (grant).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: These RSUs vest on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual shareholder meeting following the grant.

Context

• RSU grants are a common form of compensation for directors and typically vest over time or upon certain events; they are not an immediate purchase or sale and therefore are not a direct buy/sell signal.
• For retail investors, such grants indicate compensation alignment with shareholders but should be considered alongside other insider activity and company fundamentals.