Form 4: Sealed Air Corp CFO Dustin J. Semach Reports Stock Transaction and Updates Power of Attorney

Dustin J. Semach, President and CFO of Sealed Air Corp, reported a disposition of 3,075 shares of common stock and updated his power of attorney for SEC filings.

Summary

• Dustin J. Semach, the President and CFO of Sealed Air Corporation, filed a Form 4 with the SEC.
• The filing reports the disposition of 3,075 shares of Sealed Air common stock at a price of $36.48 per share on December 8, 2024.
• Following the transaction, Mr. Semach directly owns 171,413 shares of common stock.
• He also indirectly owns 471 shares through the company's 401(k) and Profit-Sharing Plan.
• The filing also includes an updated power of attorney, effective December 9, 2024, authorizing John W. Nurkin, Jim Berklas, and Kristina Johnson to execute SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral event.

Industry Context

This filing is a routine disclosure of insider transactions and is a standard practice for publicly traded companies. The power of attorney update is also a common administrative procedure.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for all publicly traded companies in the US, ensuring transparency of insider trading.
• The transaction is relatively small compared to the overall market capitalization of Sealed Air Corp, and is not unusual for executive stock transactions.
• The power of attorney update is a common practice to ensure timely filing of SEC documents.

Stakeholder Impact

• The stock transaction may have a minor impact on shareholders, but it is not likely to be significant given the relatively small number of shares involved.
• The power of attorney update is an administrative matter and has no direct impact on stakeholders.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Stock Transaction, Power of Attorney, Sealed Air Corp, Dustin J. Semach, Insider Trading, Executive Compensation