Form 4: Sealed Air Corp CEO Dustin J. Semach Reports Stock Transaction
SEC Form 4 Filing
Dustin J. Semach, President and CEO of Sealed Air Corp, reports disposition of shares to cover tax liabilities and holdings in the company's 401(k) plan.
Summary
- On April 18, 2025, Dustin J. Semach, President and CEO of Sealed Air Corporation, reported a transaction involving Sealed Air Corp common stock.
- 4,664 shares were disposed of to cover tax liabilities associated with the vesting of restricted stock units at a price of $26.4 per share.
- Following the transaction, Semach directly owns 251,259 shares, which includes unvested restricted stock units.
- Semach also indirectly owns 1,061 shares through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/18/2025 | Date of stock transaction and Form 4 filing. |
Keywords
Form 4, SEC, Sealed Air Corp, Dustin J. Semach, Stock Transaction, Beneficial Ownership, Insider Trading, Executive Compensation, 401(k), Restricted Stock Units
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