Aram Paul 4

What Happened Aram Paul, Chief Operating Officer of Ranpak Holdings Corp. (PACK), was granted 750 shares on March 5, 2026. The transaction is reported as an award/grant (code A) at $0.00 per share — these shares represent Class A common stock underlying performance-based restricted stock units (Performance RSUs) earned based on pre-established goals. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (filed within the required 2 business days).
• Quantity and price: 750 shares acquired at $0.00 (award of performance RSUs).
• Vesting: The earned Performance RSUs vest in three equal installments on March 10, 2026; March 10, 2027; and March 10, 2028 (per filing footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnote: The 750 shares represent Performance RSUs earned as determined by Ranpak based on pre-established performance goals.
• Transaction code: A = Award/Grant (compensation).

Context Performance RSUs are compensation that convert into shares once performance conditions are met; the $0.00 price reflects an award rather than a purchase. Because part of the award vests shortly (first installment on March 10, 2026), some shares may become deliverable imminently subject to the vesting schedule. Such awards are common executive compensation and should be viewed as compensation-related events rather than direct insider bets on the market.