Form 4: Sealed Air Corp CEO Dustin J. Semach Reports Changes in Beneficial Ownership

Dustin J. Semach, President and CEO of Sealed Air Corp, reports changes in beneficial ownership of company stock due to tax withholding and 401(k) adjustments.

Summary

• Dustin J. Semach, the President and CEO of Sealed Air Corporation, filed a Form 4 with the SEC on February 25, 2025.
• The report details changes in his beneficial ownership of Sealed Air Corp stock.
• On February 21, 2025, 3,752 shares of common stock were disposed of at a price of $32.35 per share.
• This disposition was related to tax withholding.
• Additionally, there was an adjustment of 476 shares related to the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
• Following these transactions, Semach directly owns 255,923 shares of Sealed Air Corp stock and indirectly owns 476 shares through the 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reflecting routine transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard adjustments related to tax withholding and employee benefit plans.

Stakeholder Impact

• The transactions reported have a minimal impact on stakeholders, as they relate to routine tax withholding and 401(k) adjustments.

Key Dates