Form 4: Sealed Air Corp Executive Emile Z. Chammas Reports Stock Transaction

Emile Z. Chammas, SVP and COO of Sealed Air Corp, reported a disposition of 2,753 shares of common stock and adjustments to holdings in the company's 401(k) plan.

Summary

• Emile Z. Chammas, a Senior Vice President and Chief Operating Officer at Sealed Air Corporation, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On December 8, 2024, Mr. Chammas disposed of 2,753 shares of common stock at a price of $36.48 per share.
• The filing also reflects an adjustment of 6,290 shares held indirectly through the company's 401(k) and Profit-Sharing Plan.
• Following these transactions, Mr. Chammas directly owns 317,313 shares of Sealed Air Corp common stock and indirectly owns 6,290 shares through the 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with the requirements of the Securities Exchange Act of 1934.
• The transaction is similar to other executive stock transactions reported by companies in the packaging industry, such as Amcor and Berry Global, where executives regularly adjust their holdings.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small portion of the total outstanding shares.
• The filing provides transparency to the market regarding executive stock transactions.

Key Dates

Keywords

Form 4, SEC, Sealed Air Corp, Insider Trading, Stock Transaction, Beneficial Ownership, Emile Z. Chammas, Executive Compensation, 401k, Stock Sale