Form 4: Sealed Air Corp Executive Emile Z. Chammas Reports Stock Transaction
SEC Form 4 Filing
Emile Z. Chammas, Int. Co-CEO and COO of Sealed Air Corp, reports the disposition of 962 shares of common stock to cover tax obligations.
Summary
- On February 24, 2024, Emile Z. Chammas, Int. Co-CEO and COO of Sealed Air Corp, reported a transaction involving the disposition of 962 shares of common stock.
- The shares were disposed of at a price of $36.58 per share.
- Following the transaction, Chammas directly owns 289,409 shares of common stock and indirectly owns 5,723 shares through a 401(k) and Profit-Sharing Plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a disposition of shares by an executive, which could be for various reasons, including tax obligations or portfolio diversification.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a relatively small disposition of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of stock transaction |
| 02/27/2024 | Date of signature on the report |
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