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Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2025

USD ($)

Dec. 31, 2024

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

The following table sets forth the compensation for our Principal Executive Officer (the “PEO”) and the average compensation for our other NEOs, both as reported in the Summary Compensation Table and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under SEC rules, for the fiscal years listed below. The table also provides information on our cumulative total stockholder return (“TSR”), the cumulative TSR of our peer group, our net income (loss) and Constant Currency AEBITDA over such years in accordance with the SEC rules. For further information regarding our performance-based approach to executive compensation and how the Company aligns executive compensation with the Company’s performance, see “Compensation Discussion and Analysis.”


																VALUE OF INITIAL FIXED $100 INVESTMENT BASED ON:
	YEAR			SUMMARY COMPENSATION TABLE TOTAL FOR PEO⁽¹⁾			COMPENSATION ACTUALLY PAID TO PEO⁽²⁾			AVERAGE SUMMARY COMPENSATION TABLE TOTAL FOR NON-PEO NEOS⁽¹⁾			AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NEOS⁽²⁾			COMPANY TOTAL SHARE RETURN⁽³⁾			PEER GROUP TOTAL SHARE RETURN⁽³⁾			NET INCOME (LOSS) (IN MILLIONS)⁽⁴⁾			CONSTANT CURRENCY AEBITDA (IN MILLIONS)⁽⁵⁾
	2025⁽⁶⁾			$1,935,935			$(1,402,543)			$693,847			$176,347			$40.25			$88.28			$(38.3)			$80.3
	2024⁽⁷⁾			$2,147,373			$515,286			$911,718			$505,279			$51.19			$102.83			$(21.5)			$87.4
	2023⁽⁷⁾			$2,611,990			$732,849			$1,063,822			$850,647			$43.30			$91.56			$(27.1)			$76.5
	2022⁽⁸⁾			$1,267,759			$(34,982,929)			$890,715			$(571,517)			$42.93			$87.46			$(41.4)			$66.8
	2021⁽⁸⁾			$23,354,484			$41,672,932			$4,817,302			$3,225,298			$279.61			$108.81			$(2.8)			$117.8

(1)

Amounts in these columns represent the amounts in the “Total” column for the PEO and the average amounts from the “Total” column for the other NEOs set forth in the Summary Compensation Table on page 35. See the footnotes to the Summary Compensation Table for further detail regarding the amounts in these columns.

(2)

The amounts reported in these columns represent the amounts of compensation “actually paid” for the PEO and average compensation “actually paid” for our non-PEO NEOs. The dollar amounts do not reflect the actual amounts of compensation earned by or paid to such individuals during the applicable year. The amounts are computed in accordance with Item 402(v) of Regulation S-K by deducting and adding the following amounts from the “Total” column of the Summary Compensation Table (pursuant to SEC rules, fair value at each measurement date is computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under GAAP):


				2025
				PEO			OTHER NEOS
	Summary Compensation Table Total			$1,935,935			$693,847
	Less: Stock Award Value Reported in Summary Compensation Table for the Covered Year			$(1,154,012)			$(241,812)
	Plus: Fair Value for Awards Granted in the Covered Year that Remain Unvested as of the Covered Year, Determined as of the Covered Year End			$995,727			$190,103
	Plus: Change in Fair Value of Outstanding Awards from Prior Years that Remained Unvested as of the Covered Year, Determined Based on Change in Fair Value from Prior Year End to Covered Year End			$(850,576)			$(107,632)
	Plus: Fair Value for Awards Granted and Vested in the Covered Year, Determined as of the Vesting Date			$—			$—
	Plus: Change in Fair Value of Outstanding Awards from Prior Years that Vested in the Covered Year, Determined Based on Change in Fair Value from Prior Year End to the Vesting Date			$(128,017)			$(29,129)
	Less: Fair Value of Awards Forfeited During the Covered Year			$(2,201,600)			$(329,029)
	Plus: Fair Value of Incremental Dividends on Earnings Paid on Stock Awards			$—			$—
	Compensation Actually Paid			$(1,402,543)			$176,347

(3)

TSR is cumulative for the measurement periods beginning on December 31, 2020 and ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively, calculated in accordance with Item 201(e) of Regulation S-K. The peer group for purposes of this table is the Dow Jones U.S. Containers and Packaging Index (“DJUSCP”), which is the same peer group used for purposes of the Performance Graph set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

(4)	Reflects “Net Income (Loss)” in millions for each applicable year as set forth in our Consolidated Statements of Operations included in our Annual Report on Form 10-K for each of the applicable years.

(5)

Constant Currency AEBITDA is a non-GAAP financial measure that, for the purposes of our compensation programs, we calculate as net income (loss), adjusted to exclude: benefit from (provision for) income taxes; interest expense; depreciation and amortization; stock-based compensation expense; foreign currency (gain) loss; amortization of cloud-based software implementation costs; non-cash expense related to warrants in 2025, and, in certain periods, other income and expense items, translated at an exchange rate of 1 Euro to 1.05 USD for 2025, and in prior years translated at an exchange rate of 1 Euro to 1.15 USD.

(6)	For 2025, the PEO was our CEO, Omar Asali, and the other NEOs were Bill Drew, Paul Aram, Antonio Gassotti, and Eric Laurensse.

(7)	For 2024 and 2023, the PEO was our CEO, Omar Asali, and the other NEOs were Bill Drew, Antonio Grassotti, Eric Laurensse, and Mark Siebert.

(8)	For 2022 and 2021, the PEO was our CEO, Omar Asali, and the other NEOs were Bill Drew, Antonio Grassotti, Michael A. Jones, and Eric Laurensse.

Company Selected Measure Name

Constant Currency AEBITDA

Named Executive Officers, Footnote

(6)	For 2025, the PEO was our CEO, Omar Asali, and the other NEOs were Bill Drew, Paul Aram, Antonio Gassotti, and Eric Laurensse.

(7)	For 2024 and 2023, the PEO was our CEO, Omar Asali, and the other NEOs were Bill Drew, Antonio Grassotti, Eric Laurensse, and Mark Siebert.

(8)	For 2022 and 2021, the PEO was our CEO, Omar Asali, and the other NEOs were Bill Drew, Antonio Grassotti, Michael A. Jones, and Eric Laurensse.

Peer Group Issuers, Footnote

(3)

TSR is cumulative for the measurement periods beginning on December 31, 2020 and ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively, calculated in accordance with Item 201(e) of Regulation S-K. The peer group for purposes of this table is the Dow Jones U.S. Containers and Packaging Index (“DJUSCP”), which is the same peer group used for purposes of the Performance Graph set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

PEO Total Compensation Amount

$ 1,935,935

$ 2,147,373

$ 2,611,990

$ 1,267,759

$ 23,354,484

PEO Actually Paid Compensation Amount

$ (1,402,543)

515,286

732,849

(34,982,929)

41,672,932

Adjustment To PEO Compensation, Footnote

(2)

The amounts reported in these columns represent the amounts of compensation “actually paid” for the PEO and average compensation “actually paid” for our non-PEO NEOs. The dollar amounts do not reflect the actual amounts of compensation earned by or paid to such individuals during the applicable year. The amounts are computed in accordance with Item 402(v) of Regulation S-K by deducting and adding the following amounts from the “Total” column of the Summary Compensation Table (pursuant to SEC rules, fair value at each measurement date is computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under GAAP):


				2025
				PEO			OTHER NEOS
	Summary Compensation Table Total			$1,935,935			$693,847
	Less: Stock Award Value Reported in Summary Compensation Table for the Covered Year			$(1,154,012)			$(241,812)
	Plus: Fair Value for Awards Granted in the Covered Year that Remain Unvested as of the Covered Year, Determined as of the Covered Year End			$995,727			$190,103
	Plus: Change in Fair Value of Outstanding Awards from Prior Years that Remained Unvested as of the Covered Year, Determined Based on Change in Fair Value from Prior Year End to Covered Year End			$(850,576)			$(107,632)
	Plus: Fair Value for Awards Granted and Vested in the Covered Year, Determined as of the Vesting Date			$—			$—
	Plus: Change in Fair Value of Outstanding Awards from Prior Years that Vested in the Covered Year, Determined Based on Change in Fair Value from Prior Year End to the Vesting Date			$(128,017)			$(29,129)
	Less: Fair Value of Awards Forfeited During the Covered Year			$(2,201,600)			$(329,029)
	Plus: Fair Value of Incremental Dividends on Earnings Paid on Stock Awards			$—			$—
	Compensation Actually Paid			$(1,402,543)			$176,347

Non-PEO NEO Average Total Compensation Amount

$ 693,847

911,718

1,063,822

890,715

4,817,302

Non-PEO NEO Average Compensation Actually Paid Amount

$ 176,347

505,279

850,647

(571,517)

3,225,298

Adjustment to Non-PEO NEO Compensation Footnote

(2)

The amounts reported in these columns represent the amounts of compensation “actually paid” for the PEO and average compensation “actually paid” for our non-PEO NEOs. The dollar amounts do not reflect the actual amounts of compensation earned by or paid to such individuals during the applicable year. The amounts are computed in accordance with Item 402(v) of Regulation S-K by deducting and adding the following amounts from the “Total” column of the Summary Compensation Table (pursuant to SEC rules, fair value at each measurement date is computed in a manner consistent with the fair value methodology used to account for share-based payments in our financial statements under GAAP):


				2025
				PEO			OTHER NEOS
	Summary Compensation Table Total			$1,935,935			$693,847
	Less: Stock Award Value Reported in Summary Compensation Table for the Covered Year			$(1,154,012)			$(241,812)
	Plus: Fair Value for Awards Granted in the Covered Year that Remain Unvested as of the Covered Year, Determined as of the Covered Year End			$995,727			$190,103
	Plus: Change in Fair Value of Outstanding Awards from Prior Years that Remained Unvested as of the Covered Year, Determined Based on Change in Fair Value from Prior Year End to Covered Year End			$(850,576)			$(107,632)
	Plus: Fair Value for Awards Granted and Vested in the Covered Year, Determined as of the Vesting Date			$—			$—
	Plus: Change in Fair Value of Outstanding Awards from Prior Years that Vested in the Covered Year, Determined Based on Change in Fair Value from Prior Year End to the Vesting Date			$(128,017)			$(29,129)
	Less: Fair Value of Awards Forfeited During the Covered Year			$(2,201,600)			$(329,029)
	Plus: Fair Value of Incremental Dividends on Earnings Paid on Stock Awards			$—			$—
	Compensation Actually Paid			$(1,402,543)			$176,347

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Total Shareholder Return Vs Peer Group

Tabular List, Table

FINANCIAL PERFORMANCE MEASURES

As described in more detail above under “Compensation Discussion and Analysis,” the Company uses Constant Currency AEBITDA as the sole performance metric for its executive compensation program as it believes this metric is the most reflective of our profitability, growth and stockholder value.


	PERFORMANCE MEASURE			DESCRIPTION
	Constant Currency AEBITDA ($)			Constant Currency AEBITDA is a non-GAAP financial measure that, for the purposes of our compensation programs, we continue to calculate as net income (loss), adjusted to exclude: benefit from (provision for) income taxes; interest expense; depreciation and amortization; stock-based compensation expense; foreign currency (gain) loss; amortization of cloud-based software implementation costs; non-cash expense related to warrants, and, in certain periods, other income and expense items, translated at an exchange rate of 1 Euro to 1.05 USD.

The Company does not use any other financial performance measures, other than Constant Currency AEBITDA, to link executive compensation actually paid to Company performance, and as permitted by the SEC rules, is not required to disclose any other measure as its most important financial performance measures.

Total Shareholder Return Amount

$ 40.25

51.19

43.3

42.93

279.61

Peer Group Total Shareholder Return Amount

88.28

102.83

91.56

87.46

108.81

Net Income (Loss)

$ (38,300,000)

$ (21,500,000)

$ (27,100,000)

$ (41,400,000)

$ (2,800,000)

Company Selected Measure Amount

80,300,000

87,400,000

76,500,000

66,800,000

117,800,000

Omar Asali

Omar Asali

Omar Asali

Omar Asali

Omar Asali

Foreign Currency Exchange Rate, Translation

1.05

1.15

Pay vs Performance Disclosure

Constant Currency AEBITDA

Non-GAAP Measure Description

Constant Currency AEBITDA is a non-GAAP financial measure that, for the purposes of our compensation programs, we continue to calculate as net income (loss), adjusted to exclude: benefit from (provision for) income taxes; interest expense; depreciation and amortization; stock-based compensation expense; foreign currency (gain) loss; amortization of cloud-based software implementation costs; non-cash expense related to warrants, and, in certain periods, other income and expense items, translated at an exchange rate of 1 Euro to 1.05 USD.

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,154,012)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

995,727

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(850,576)

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(128,017)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(2,201,600)

PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(241,812)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

190,103

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(107,632)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(29,129)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(329,029)

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0