Form 4: Sealed Air CEO's Tax-Related Stock Disposition
Insider Transaction Report
Sealed Air Corporation's President and CEO, Dustin J. Semach, reported a disposition of 6,698 shares of common stock to cover tax liabilities from restricted stock unit vesting.
Summary
- Dustin J. Semach, President and CEO of Sealed Air Corporation (SEE), reported a transaction on August 15, 2025.
- The transaction involved the disposition of 6,698 shares of Common Stock at a price of $31.58 per share.
- These shares were withheld to meet tax liabilities associated with the vesting of previously granted restricted stock units.
- Following this transaction, Mr. Semach beneficially owns 244,561 shares directly, which includes unvested restricted stock units.
- Additionally, Mr. Semach indirectly holds 1,963 shares of Common Stock in the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (shares withheld for tax liabilities upon RSU vesting), which is neutral in terms of investment sentiment.
Negatives
- A disposition of 6,698 shares of Common Stock occurred, reducing direct beneficial ownership, although this was for tax liabilities related to RSU vesting.
Future Outlook
NA
Industry Context
This filing is a routine insider transaction report and does not provide information related to broader industry trends or competitive landscape. It reflects an individual executive's compensation-related stock activity.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Dustin J. Semach granted a Power of Attorney to John W. Nurkin, Jim Berklas, and Kristina Johnson to execute and file Forms 3, 4, and 5 on his behalf, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 12/09/2024 | This streamlines the process for SEC compliance filings for the reporting person, ensuring timely and accurate submissions. |
Stakeholder Impact
- Shareholders: The transaction represents a minor, routine reduction in the CEO's direct ownership due to tax obligations, which is a common aspect of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 12/09/2024 | Effective date of the Power of Attorney granted by Dustin J. Semach. |
| 08/15/2025 | Date of the reported transaction (shares withheld for tax liabilities). |
| 08/18/2025 | Date the Form 4 was signed by the attorney-in-fact for Mr. Semach. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary disposition of shares by the CEO to cover tax liabilities arising from restricted stock unit vesting. Such transactions are common and do not typically indicate a change in management's outlook or the company's fundamentals, thus not warranting a change in investment recommendation based solely on this filing.
Keywords
Sealed Air Corporation, SEE, Dustin J. Semach, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, CEO, Corporate Governance
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