Form 4: Sealed Air Corp Director Kevin Berryman Reports Acquisition of Stock Units

Director Kevin Berryman reports the acquisition of 7,220 stock units of Sealed Air Corp, convertible to common stock upon retirement.

Summary

• On May 23, 2024, Kevin C Berryman, a director of Sealed Air Corporation, reported the acquisition of 7,220 stock units.
• These units are to be settled in shares of Sealed Air Common Stock following Mr. Berryman's retirement from the Board of Directors, with certain exceptions as specified in the Corporation's Deferred Compensation Plan for Directors.
• The reported transaction also reflects the addition of units converted from dividend equivalents, resulting in a total of 17,673 units beneficially owned.
• The acquisition was made under the 2014 Omnibus Incentive Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing. The acquisition of stock units by a director could be seen as a positive sign, but it's not a major event.

Positives

• The acquisition of stock units by a director signals confidence in the company's future performance.

Future Outlook

The stock units will be settled in shares of Sealed Air Common Stock following the reporting person's retirement from the Board of Directors.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency to investors regarding the actions of company insiders.

Stakeholder Impact

• The acquisition of stock units by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.

Key Dates