Form 4: Sealed Air Corp CAO and Controller Veronika Johnson Reports Changes in Beneficial Ownership

Veronika Johnson, CAO and Controller of Sealed Air Corp, reports a transaction involving common stock due to tax obligations and adjustments to holdings in the company's 401(k) and Profit-Sharing Plan.

Summary

• On May 18, 2024, Veronika Johnson, CAO and Controller of Sealed Air Corp, reported changes in beneficial ownership of the company's common stock.
• 694 shares of common stock were disposed of at a price of $38.88 per share to cover tax obligations.
• Johnson also reported owning 16,005 shares of common stock directly and 2,970 shares indirectly through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
• The reported transaction was related to tax obligations and adjustments to the reporting person's holdings under the Sealed Air Corporation 401(k) and Profit-Sharing Plan.

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, specifically related to tax obligations and 401(k) adjustments. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It provides information about the trading activities of company insiders, allowing investors to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares disposed of by an officer for tax purposes.

Key Dates