Companies Ranpak Holdings Corp.
Ranpak (PACK): executive pay, fiscal 2025
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CEO pay, last three years
- $2,611,990FY2023
- $2,147,373FY2024
- $1,935,935FY2025
CEO total pay was $1,935,935 in fiscal 2025, down from $2,147,373 in fiscal 2024.
FY2025: salary $676,923 · bonus $0 · stock awards $1,154,012 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Omar Asali | $676,923 | $0 | $1,154,012 | $0 | $105,000 | $0 | $0 | $1,935,935 |
| Chief Executive Officer and Chairman | ||||||||
| Antonio Grassotti | 269,752 | 0 | 131,421 | 0 | 15,866 | 0 | 635,930 | 1,052,969 |
| Former Managing Director, APAC | ||||||||
| Bill Drew | 391,455 | 0 | 384,664 | 0 | 24,000 | 0 | 14,936 | 815,055 |
| Executive Vice President and Chief Financial Officer | ||||||||
| Eric Laurensse | 267,973 | 26,957 | 395,662 | 0 | 18,273 | 0 | 43,435 | 752,300 |
| Former Managing Director, Europe | ||||||||
| Paul Aram | 83,538 | 0 | 55,500 | 0 | 5,012 | 0 | 11,012 | 155,062 |
| Senior Vice President and Chief Operating Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Omar Asali | $1,935,935 | $2,147,373 | $2,611,990 | ↓ −211,438 |
| Antonio Grassotti | 1,052,969 | 954,523 | 1,089,645 | ↑ +98,446 |
| Bill Drew | 815,055 | 883,056 | 1,173,371 | ↓ −68,001 |
| Eric Laurensse | 752,300 | 939,961 | 1,140,847 | ↓ −187,661 |
| Paul Aram | 155,062 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our compensation program is designed to attract, retain and motivate our executives who drive the Company’s success. We believe that a strong performance-focused executive compensation program is essential to enable the Company to achieve its corporate performance goals in the competitive protective packaging industry and drive stockholder value.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Frederic W. Cook & Co. |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Antonio Grassotti | RSU | — | — | — | 18,309 | — | $114,797 |
| Omar Asali | RSU | — | — | — | 92,026 | — | 577,003 |
| Eric Laurensse | PSU | — | 4,732 | 31,552 | — | 47,328 | 197,831 |
| Bill Drew | RSU | — | — | — | 30,675 | — | 192,332 |
| Eric Laurensse | RSU | — | — | — | 31,552 | — | 197,831 |
| Omar Asali | PSU | — | 13,804 | 92,027 | — | 138,040 | 577,009 |
| Bill Drew | PSU | — | 4,601 | 30,675 | — | 46,012 | 192,332 |
| Paul Aram | RSU | — | — | — | 5,000 | — | 27,750 |
| Paul Aram | PSU | — | 750 | 5,000 | — | 7,500 | 27,750 |
| Antonio Grassotti | PSU | — | 2,746 | 18,309 | — | 27,463 | 114,797 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Antonio Grassotti | $114,797 | $114,797 | $0 | 50.0% |
| Omar Asali | 577,003 | 577,009 | 0 | 50.0% |
| Eric Laurensse | 197,831 | 197,831 | 0 | 50.0% |
| Bill Drew | 192,332 | 192,332 | 0 | 50.0% |
| Paul Aram | 27,750 | 27,750 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Antonio Grassotti | RSU | 3,455 | — | $18,692 |
| Paul Aram | RSU | 5,000 | — | 27,050 |
| Paul Aram | PSU | 5,000 | — | 27,050 |
| Bill Drew | RSU | 5,209 | — | 28,181 |
| Bill Drew | RSU | 5,210 | — | 28,186 |
| Eric Laurensse | RSU | 5,954 | — | 32,211 |
| Eric Laurensse | RSU | 5,955 | — | 32,217 |
| Antonio Grassotti | RSU | 6,103 | — | 33,017 |
| Antonio Grassotti | RSU | 6,781 | — | 36,685 |
| Antonio Grassotti | RSU | 10,171 | — | 55,025 |
| Bill Drew | RSU | 15,337 | — | 82,973 |
| Omar Asali | RSU | 15,629 | — | 84,553 |
| Omar Asali | RSU | 15,630 | — | 84,558 |
| Eric Laurensse | RSU | 17,529 | — | 94,832 |
| Antonio Grassotti | RSU | 20,000 | — | 108,200 |
| Bill Drew | RSU | 20,450 | — | 110,635 |
| Eric Laurensse | RSU | 23,372 | — | 126,443 |
| Eric Laurensse | RSU | 25,000 | — | 135,250 |
| Bill Drew | RSU | 30,675 | — | 165,952 |
| Bill Drew | PSU | 30,675 | — | 165,952 |
| Eric Laurensse | RSU | 31,552 | — | 170,696 |
| Bill Drew | RSU | 35,000 | — | 189,350 |
| Omar Asali | RSU | 46,013 | — | 248,930 |
| Omar Asali | RSU | 61,351 | — | 331,909 |
| Omar Asali | RSU | 92,026 | — | 497,861 |
| Omar Asali | PSU | 92,027 | — | 497,866 |
| Omar Asali | RSU | 120,000 | — | 649,200 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Victoria L. DolanIndependent · Audit (Chair) · Nominating, Sustainability & Governance | $119,176 | $99,998 | $0 | — | $0 | $219,174 |
| Robert C. KingIndependent · Audit · Compensation | 110,806 | 99,998 | 0 | — | 0 | 210,804 |
| Pam ElIndependent · Nominating, Sustainability & Governance | 87,056 | 118,745 | 0 | — | 0 | 205,801 |
| Salil SeshadriIndependent · Compensation (Chair) · Nominating, Sustainability & Governance | 13,750 | 174,987 | 0 | — | 0 | 188,737 |
| Thomas F. CorleyIndependent · Nominating, Sustainability & Governance (Chair) | 85,000 | 99,998 | 0 | — | 0 | 184,998 |
| Alicia TranenIndependent · Audit · Compensation | 0 | 174,987 | 0 | — | 0 | 174,987 |
| Michael A. JonesIndependent | 0 | 174,987 | 0 | — | 0 | 174,987 |
| Kurt ZumwaltNot independent · Departed during FY | 48,214 | 0 | 0 | — | 0 | 48,214 |
| Michael S. GliedmanEmployee director | — | — | — | — | — | 0 |
| Omar AsaliEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $100,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 15,000 / 10,000 |
| Stock ownership guideline | $3 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $464,002 |
| Equity awards (grant-date value) | $943,700 |
| All other compensation | $0 |
| Total cost of the board | $1,407,702 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Ranpak as a peer
Companies that benchmark against PACK
No companies currently name PACK as a compensation peer in their most recent disclosure.
This is the complete answer, not a partial one — the list is never padded.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | TriMas | 2025 | Thomas J. Snyder | $415,385 | $4,249,999 | $6,707,644 | $0 | $12,128,864 |
| 2 | UFP Technologies | 2025 | R. Jeffrey Bailly | 789,000 | 5,377,499 | — | 1,260,934 | 7,648,440 |
| 3 | Enerpac Tool Group | 2025 | Paul Sternlieb | 929,423 | 4,520,634 | 0 | 951,332 | 6,548,272 |
| 4 | DMC Global | 2025 | James O’Leary | 654,231 | 3,699,992 | 0 | 1,233,304 | 5,615,614 |
| 5 | The Eastern Company | 2025 | Denis Sheahan | 800,000 | 3,371,297 | 0 | 792,000 | 5,069,867 |
| 6 | Myers Industries | 2025 | Aaron Schapper | 775,385 | 1,952,344 | 402,500 | 700,000 | 3,889,228 |
| 7 | Powell Industries | 2025 | Brett Cope | 660,000 | 1,129,268 | 0 | 1,650,000 | 3,600,369 |
| 8 | Allient | 2025 | Richard Warzala | 740,000 | 1,110,035 | 0 | 1,615,232 | 3,530,820 |
| 9 | Ceco Environmental | 2024 | Todd Gleason | 717,383 | 1,627,505 | 289,575 | 382,656 | 3,051,771 |
| 10 | Flotek Industries | 2025 | Ryan Ezell | 561,994 | 1,356,750 | 0 | 662,805 | 2,604,376 |
| 11 | Thermon Group | 2025 | Bruce Thames | 715,035 | 1,299,963 | 0 | 543,620 | 2,579,122 |
| 12 | Hurco Companies | 2025 | Gregory Volovic | 675,800 | 1,249,991 | 0 | 0 | 2,023,603 |
| 13 | Ranpak Holdings Corp. | 2025 | Omar Asali | 676,923 | 1,154,012 | 0 | 105,000 | 1,935,935 |
| 14 | Graham Corporation | 2026 | Matthew Malone | 462,769 | 600,004 | 0 | 636,308 | 1,809,120 |
| 15 | NN, Inc. | 2025 | Harold Bevis | 835,000 | 0 | 0 | 556,659 | 1,405,746 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Ranpak Holdings Corp. | not disclosed | PRSU 50 · RSU 50 | not disclosed | Frederic W. Cook & Co. |
| Allient | not disclosed | not disclosed | No | Burke Capital Group |
| Ceco Environmental | 40% | PSU 75 · Options 25 | No | Meridian Compensation Partners LLC |
| DMC Global | not disclosed | RSU 50 · PSU 50 | not disclosed | Pearl Meyer & Partners, LLC |
| Enerpac Tool Group | 100.7% | PSU 60 · RSU 40 | No | Mercer, LLC |
| Flotek Industries | not disclosed | not disclosed | not disclosed | Meridian, Pay Governance |
| Graham Corporation | not disclosed | RSU 50 · PSU 50 | not disclosed | Frederic W. Cook & Co., Inc. |
| Hurco Companies | not disclosed | PSU 55 · RSU 45 | No | Pay Governance, LLC |
| Myers Industries | not disclosed | PSU 50 · RSU 50 | not disclosed | Semler Brossy |
| NN, Inc. | not disclosed | PSU 66.7 · RSU 33.3 | not disclosed | Meridian Compensation Partners, LLC |
| Powell Industries | 200% | RSU 50 · PRSU 50 | No | not disclosed |
| The Eastern Company | not disclosed | PSU 60 · RSU 40 | Yes — Relative Total Shareholder Return (“TSR”) vs. KRX Banks | Pearl Meyer |
| Thermon Group | 76% | not disclosed | No | Mercer |
| TriMas | 200% | Options 65 · RSU 35 | No | Meridian Compensation Partners |
| UFP Technologies | not disclosed | not disclosed | No | Pearl Meyer |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-21 | 67,402,501 | 463,172 | 198,789 | 99.32% | Passed |
| 2025 | 2025-05-22 | 69,523,322 | 1,037,185 | 52,762 | 98.53% | Passed |
| 2024 | 2024-05-23 | 59,477,009 | 11,690,907 | 5,438 | 83.57% | Passed |
| 2023 | 2023-05-25 | 50,740,257 | 22,240,881 | 23,439 | 69.53% | Passed |
| 2022 | 2022-05-25 | 47,792,190 | 26,417,656 | 49,468 | 64.4% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-21 | 99.32%a |
| 2025 | 2025-05-22 | 98.53%b |
| 2024 | 2024-05-23 | 83.57%c |
a. Approved under the standard stated in the filing — “Abstentions will have no effect on the results.”.
b. Approved under the standard stated in the filing — “Abstentions will have no effect on the results.”.
c. Approved under the standard stated in the filing — “Abstentions will have no effect on the results.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 30 : 1 |
|---|---|
| CEO total compensation | $2,147,373 |
| Median employee compensation | $71,338 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (47 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Omar Asali. DEF 14A, filed 2026-04-09. Section “2025 Summary Compensation Table” · page 35. As printed: 1,935,935. View filing ↗
- Section 01, Antonio Grassotti. DEF 14A, filed 2026-04-09. Section “2025 Summary Compensation Table” · page 35. As printed: 1,052,969. View filing ↗
- Section 01, Bill Drew. DEF 14A, filed 2026-04-09. Section “2025 Summary Compensation Table” · page 35. As printed: 815,055. View filing ↗
- Section 01, Eric Laurensse. DEF 14A, filed 2026-04-09. Section “2025 Summary Compensation Table” · page 35. As printed: 752,300. View filing ↗
- Section 01, Paul Aram. DEF 14A, filed 2026-04-09. Section “2025 Summary Compensation Table” · page 35. As printed: 155,062. View filing ↗
- Section 03, Antonio Grassotti RSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Omar Asali RSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Eric Laurensse PSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Bill Drew RSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Eric Laurensse RSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Omar Asali PSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Bill Drew PSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Paul Aram RSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Paul Aram PSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 03, Antonio Grassotti PSU. DEF 14A, filed 2026-04-09. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-09. Section “CEO Pay Ratio”. As printed: 30 : 1. View filing ↗
- Section 08, Victoria L. Dolan. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 219,174. View filing ↗
- Section 08, Robert C. King. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 210,804. View filing ↗
- Section 08, Pam El. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 205,801. View filing ↗
- Section 08, Salil Seshadri. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 188,737. View filing ↗
- Section 08, Thomas F. Corley. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 184,998. View filing ↗
- Section 08, Alicia Tranen. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 174,987. View filing ↗
- Section 08, Michael A. Jones. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 174,987. View filing ↗
- Section 08, Kurt Zumwalt. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 48,214. View filing ↗
- Section 08, Michael S. Gliedman. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, Omar Asali. DEF 14A, filed 2026-04-09. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-22. Item 5.07 · say-on-pay result. As reported: 99.32% (votes for as printed: 67,402,501). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-29. Item 5.07 · say-on-pay result. As reported: 98.53% (votes for as printed: 69,523,322). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-28. Item 5.07 · say-on-pay result. As reported: 83.57% (votes for as printed: 59,477,009). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 464,002 + equity 943,700 + all other 0 = 1,407,702, summed across the director compensation table rows.
- TriMas, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in TriMas's own proxy. As printed: 12,128,864. View filing ↗
- UFP Technologies, Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in UFP Technologies's own proxy. As printed: 7,648,440. View filing ↗
- Enerpac Tool Group, Section 10b CEO total. DEF 14A, filed 2025-12-22. CEO total compensation as printed in Enerpac Tool Group's own proxy. As printed: 6,548,272. View filing ↗
- DMC Global, Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in DMC Global's own proxy. As printed: 5,615,614. View filing ↗
- The Eastern Company, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in The Eastern Company's own proxy. As printed: 5,069,867. View filing ↗
- Myers Industries, Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Myers Industries's own proxy. As printed: 3,889,228. View filing ↗
- Powell Industries, Section 10b CEO total. DEF 14A, filed 2026-01-06. CEO total compensation as printed in Powell Industries's own proxy. As printed: 3,600,369. View filing ↗
- Allient, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Allient's own proxy. As printed: 3,530,820. View filing ↗
- Ceco Environmental, Section 10b CEO total. DEF 14A, filed 2025-04-10. CEO total compensation as printed in Ceco Environmental's own proxy. As printed: 3,051,771. View filing ↗
- Flotek Industries, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Flotek Industries's own proxy. As printed: 2,604,376. View filing ↗
- Thermon Group, Section 10b CEO total. DEF 14A, filed 2025-06-18. CEO total compensation as printed in Thermon Group's own proxy. As printed: 2,579,122. View filing ↗
- Hurco Companies, Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Hurco Companies's own proxy. As printed: 2,023,603. View filing ↗
- Ranpak Holdings Corp. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-09. CEO total compensation as printed in Ranpak Holdings Corp.'s own proxy. As printed: 1,935,935. View filing ↗
- Graham Corporation, Section 10b CEO total. DEF 14A, filed 2026-07-14. CEO total compensation as printed in Graham Corporation's own proxy. As printed: 1,809,120. View filing ↗
- NN, Inc., Section 10b CEO total. DEFR 14A, filed 2026-04-06. CEO total compensation as printed in NN, Inc.'s own proxy. As printed: 1,405,746. View filing ↗