Form 4: Emile Z. Chammas Reports Changes in Beneficial Ownership of Sealed Air Corp Shares

Emile Z. Chammas, SVP and COO of Sealed Air Corp, reports the disposal of shares to cover tax obligations and adjustments in holdings under the company's 401(k) and Profit-Sharing Plan.

Summary

• Emile Z. Chammas, SVP and COO of Sealed Air Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On February 21, 2025, Chammas disposed of 1,261 shares of common stock at $32.35 per share and another 3,279 shares at the same price to cover tax obligations.
• On February 24, 2025, he disposed of 962 shares at $32.13 per share.
• These transactions decreased his direct holdings to 333,416 shares.
• He also reported holding 6,349 shares indirectly through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives, as mandated by the SEC.
• Similar filings are made by executives at comparable companies like Amcor and Berry Global, reflecting their transactions in company stock.
• The reported transactions are typical for covering tax obligations related to stock-based compensation, a common practice across the industry.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates