Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock-Based Compensation Plans

The table below summarizes our stock-based compensation plans:

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Stock-based compensation expense	$	1.5	$	(9.5)	$	2.8	$	(6.7)
Tax effect on stock-based compensation	0.4		(2.4)		0.7		(1.7)
Stock-based compensation expense, net of tax	$	1.1	$	(7.1)	$	2.1	$	(5.0)

Schedule of Pool of Shares in 2019 Omnibus Plan

As of June 30, 2024, the pool of shares in the Ranpak Holdings Corp. 2019 Omnibus Incentive Plan (as amended, restated, supplemented or otherwise modified from time to time) is summarized as follows:

2019 Plan	Quantity
As of January 1, 2024	5,885,434
Awards granted	(1,735,169)
Awards forfeited	1,046,311
Available for future awards	5,196,576

Schedule of Activity Related to Restricted Stock Units

Activity related to our restricted stock units (“RSUs”), PRSUs, and Director Stock Units is as follows:

	RSUs			PRSUs			Director Stock Units
	Quantity	Weighted Average Grant Date Fair Value		Quantity	Weighted Average Grant Date Fair Value		Quantity	Weighted Average Grant Date Fair Value
Outstanding, January 1, 2024	948,781	$	6.17	3,289,213	$	16.44	216,720	$	3.23
Granted	975,845	5.43		622,049	4.46		137,275	6.47
Vested	(156,770)	8.19		(274,629)	15.87		(244,620)	3.63
Forfeited	(46,468)	6.84		(999,843)	6.90		—	—
Outstanding, June 30, 2024	1,721,388	$	5.56	2,636,790	$	17.29	109,375	$	6.40