Jones Michael Anthony 4
Research Summary
AI-generated summary
Ranpak (PACK) Director Michael Jones Receives 2,713-Share Award
What Happened
- Michael Anthony Jones, a director of Ranpak Holdings Corp. (PACK), received 2,713 vested shares on July 1, 2026. The shares were recorded at $6.91 each, for a total value of approximately $18,747. The transaction is coded as an award/acquisition (A).
Key Details
- Transaction date and price: 2026-07-01 at $6.91 per share (total ~$18,747).
- Shares owned after transaction: Not specified in the filing.
- Footnote: The shares were issued because Jones elected to receive his quarterly director retainer in vested shares instead of cash (footnote F1).
- Filing timeliness: The Form 4 was filed on 2026-07-06 for a 2026-07-01 transaction, which is later than the typical 2-business-day reporting window for insider reports.
Context
- This was a compensation-related issuance (director retainer converted to shares), not an open-market purchase or sale. Such awards are routine forms of director compensation and do not, by themselves, indicate an insider buying or selling for investment reasons.