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

Dustin J. Semach, President and CFO of Sealed Air Corp, reports acquisition of common stock through an award under the 2014 Omnibus Incentive Plan and adjustments to holdings in the 401(k) and Profit-Sharing Plan.

Summary

• On August 15, 2024, Dustin J. Semach, the President and CFO of Sealed Air Corp, reported changes in his beneficial ownership of the company's common stock.
• Semach acquired 45,985 shares of common stock through an award under the 2014 Omnibus Incentive Plan.
• He also acquired 55,181 shares of common stock through another transaction.
• Following these transactions, Semach directly owns 174,488 shares of Sealed Air Corp common stock.
• Additionally, Semach indirectly owns 470 shares through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
• The report was filed on August 19, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it's a standard SEC filing reporting changes in beneficial ownership. The acquisitions could be seen as slightly positive, but it's a routine disclosure.

Positives

• The acquisition of shares by the CFO could be interpreted as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's stake in the company.
• Employees participating in the 401(k) and Profit-Sharing Plan are indirectly affected by the unit/share adjustments.

Key Dates