Ranpak Director Accepts Quarterly Retainer in Stock Grant

A recent filing from Ranpak Holdings Corp. reveals that director Salil Seshadri has opted for a stock award in place of a cash retainer for his board service. In this Form 4 disclosure, Seshadri received 2,713 shares of Class A common stock at $6.91 per share as part of his quarterly director retainer, boosting his total holdings to 575,251 shares. Additionally, the filing notes that he indirectly holds 214,016 shares of Class A common stock through the Peacock 2021 Family Trust, with investment control and pecuniary interest over these shares. This move suggests confidence on Seshadri’s part in Ranpak’s future prospects.