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Companies Ranpak Holdings Corp.

Ranpak (PACK): executive pay, fiscal 2025

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CEO total pay$1,935,935CEO Omar Asali · source
Say-on-pay support99.32%Latest vote · source
CEO vs. named peers14th pct.Of 14 peer CEOs
CEO pay ratio30:1To the median employee · source

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

Who was the highest-paid executive at Ranpak Holdings Corp. in fiscal 2025?
As disclosed, Omar Asali (Chief Executive Officer and Chairman) was the highest-paid executive at Ranpak Holdings Corp. in fiscal 2025, with total compensation of $1,935,935.
How does Ranpak Holdings Corp.'s chief executive pay compare to its disclosed peer group?
As disclosed, Omar Asali's total compensation ranked at the 14th percentile of Ranpak Holdings Corp.'s disclosed peer group.
What is Ranpak Holdings Corp.'s CEO-to-median employee pay ratio?
As disclosed, Ranpak Holdings Corp.'s CEO-to-median employee pay ratio was 30:1.
How did shareholders vote on Ranpak Holdings Corp.'s executive compensation?
As disclosed, 99.32% of shareholders supported Ranpak Holdings Corp.'s executive compensation in the latest say-on-pay vote.
How much does Ranpak Holdings Corp. spend in total on board compensation for fiscal 2025?
As disclosed, Ranpak Holdings Corp. reported total board compensation of $1,407,702 for fiscal 2025.

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 officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Omar Asali$676,923$0$1,154,012$0$105,000$0$0$1,935,935
Chief Executive Officer and Chairman
Antonio Grassotti269,7520131,421015,8660635,9301,052,969
Former Managing Director, APAC
Bill Drew391,4550384,664024,000014,936815,055
Executive Vice President and Chief Financial Officer
Eric Laurensse267,97326,957395,662018,273043,435752,300
Former Managing Director, Europe
Paul Aram83,538055,50005,012011,012155,062
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 officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Omar Asali$1,935,935$2,147,373$2,611,990↓ −211,438
Antonio Grassotti1,052,969954,5231,089,645↑ +98,446
Bill Drew815,055883,0561,173,371↓ −68,001
Eric Laurensse752,300939,9611,140,847↓ −187,661
Paul Aram155,062———

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 consultantFrederic W. Cook & Co.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Antonio GrassottiRSU———18,309—$114,797
Omar AsaliRSU———92,026—577,003
Eric LaurenssePSU—4,73231,552—47,328197,831
Bill DrewRSU———30,675—192,332
Eric LaurensseRSU———31,552—197,831
Omar AsaliPSU—13,80492,027—138,040577,009
Bill DrewPSU—4,60130,675—46,012192,332
Paul AramRSU———5,000—27,750
Paul AramPSU—7505,000—7,50027,750
Antonio GrassottiPSU—2,74618,309—27,463114,797

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Antonio Grassotti$114,797$114,797$050.0%
Omar Asali577,003577,009050.0%
Eric Laurensse197,831197,831050.0%
Bill Drew192,332192,332050.0%
Paul Aram27,75027,750050.0%

% 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

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Antonio GrassottiRSU3,455—$18,692
Paul AramRSU5,000—27,050
Paul AramPSU5,000—27,050
Bill DrewRSU5,209—28,181
Bill DrewRSU5,210—28,186
Eric LaurensseRSU5,954—32,211
Eric LaurensseRSU5,955—32,217
Antonio GrassottiRSU6,103—33,017
Antonio GrassottiRSU6,781—36,685
Antonio GrassottiRSU10,171—55,025
Bill DrewRSU15,337—82,973
Omar AsaliRSU15,629—84,553
Omar AsaliRSU15,630—84,558
Eric LaurensseRSU17,529—94,832
Antonio GrassottiRSU20,000—108,200
Bill DrewRSU20,450—110,635
Eric LaurensseRSU23,372—126,443
Eric LaurensseRSU25,000—135,250
Bill DrewRSU30,675—165,952
Bill DrewPSU30,675—165,952
Eric LaurensseRSU31,552—170,696
Bill DrewRSU35,000—189,350
Omar AsaliRSU46,013—248,930
Omar AsaliRSU61,351—331,909
Omar AsaliRSU92,026—497,861
Omar AsaliPSU92,027—497,866
Omar AsaliRSU120,000—649,200
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Victoria L. DolanIndependent · Audit (Chair) · Nominating, Sustainability & Governance$119,176$99,998$0—$0$219,174
Robert C. KingIndependent · Audit · Compensation110,80699,9980—0210,804
Pam ElIndependent · Nominating, Sustainability & Governance87,056118,7450—0205,801
Salil SeshadriIndependent · Compensation (Chair) · Nominating, Sustainability & Governance13,750174,9870—0188,737
Thomas F. CorleyIndependent · Nominating, Sustainability & Governance (Chair)85,00099,9980—0184,998
Alicia TranenIndependent · Audit · Compensation0174,9870—0174,987
Michael A. JonesIndependent0174,9870—0174,987
Kurt ZumwaltNot independent · Departed during FY48,21400—048,214
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

ComponentFY2025
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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1TriMas2025Thomas J. Snyder$415,385$4,249,999$6,707,644$0$12,128,864
2UFP Technologies2025R. Jeffrey Bailly789,0005,377,499—1,260,9347,648,440
3Enerpac Tool Group2025Paul Sternlieb929,4234,520,6340951,3326,548,272
4DMC Global2025James O’Leary654,2313,699,99201,233,3045,615,614
5The Eastern Company2025Denis Sheahan800,0003,371,2970792,0005,069,867
6Myers Industries2025Aaron Schapper775,3851,952,344402,500700,0003,889,228
7Powell Industries2025Brett Cope660,0001,129,26801,650,0003,600,369
8Allient2025Richard Warzala740,0001,110,03501,615,2323,530,820
9Ceco Environmental2024Todd Gleason717,3831,627,505289,575382,6563,051,771
10Flotek Industries2025Ryan Ezell561,9941,356,7500662,8052,604,376
11Thermon Group2025Bruce Thames715,0351,299,9630543,6202,579,122
12Hurco Companies2025Gregory Volovic675,8001,249,991002,023,603
13Ranpak Holdings Corp.2025Omar Asali676,9231,154,0120105,0001,935,935
14Graham Corporation2026Matthew Malone462,769600,0040636,3081,809,120
15NN, Inc.2025Harold Bevis835,00000556,6591,405,746

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

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Ranpak Holdings Corp.not disclosedPRSU 50 · RSU 50not disclosedFrederic W. Cook & Co.
Allientnot disclosednot disclosedNoBurke Capital Group
Ceco Environmental40%PSU 75 · Options 25NoMeridian Compensation Partners LLC
DMC Globalnot disclosedRSU 50 · PSU 50not disclosedPearl Meyer & Partners, LLC
Enerpac Tool Group100.7%PSU 60 · RSU 40NoMercer, LLC
Flotek Industriesnot disclosednot disclosednot disclosedMeridian, Pay Governance
Graham Corporationnot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Hurco Companiesnot disclosedPSU 55 · RSU 45NoPay Governance, LLC
Myers Industriesnot disclosedPSU 50 · RSU 50not disclosedSemler Brossy
NN, Inc.not disclosedPSU 66.7 · RSU 33.3not disclosedMeridian Compensation Partners, LLC
Powell Industries200%RSU 50 · PRSU 50Nonot disclosed
The Eastern Companynot disclosedPSU 60 · RSU 40Yes — Relative Total Shareholder Return (“TSR”) vs. KRX BanksPearl Meyer
Thermon Group76%not disclosedNoMercer
TriMas200%Options 65 · RSU 35NoMeridian Compensation Partners
UFP Technologiesnot disclosednot disclosedNoPearl 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 yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2167,402,501463,172198,78999.32%Passed
20252025-05-2269,523,3221,037,18552,76298.53%Passed
20242024-05-2359,477,00911,690,9075,43883.57%Passed
20232023-05-2550,740,25722,240,88123,43969.53%Passed
20222022-05-2547,792,19026,417,65649,46864.4%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 yearMeeting dateApproval — company’s computation
20262026-05-2199.32%a
20252025-05-2298.53%b
20242024-05-2383.57%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 ↗
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