Form 4: Sealed Air Corp Executive Gerd Wichmann Reports Stock Disposal
SEC Form 4 Filing
Gerd Wichmann, President, EMEA of Sealed Air Corp, reported the disposal of 57 shares of common stock on February 24, 2024, to cover tax obligations.
Summary
- On February 24, 2024, Gerd Wichmann, President, EMEA of Sealed Air Corp, disposed of 57 shares of common stock.
- The transaction was executed at a price of $36.58 per share.
- Following the transaction, Wichmann directly owns 31,897 shares of Sealed Air Corp common stock.
- The transaction was related to the satisfaction of tax obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider transaction, which is neutral in sentiment.
Industry Context
This is a routine disclosure of an insider transaction. It is common for executives to sell shares to cover tax obligations related to stock awards or option exercises.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small disposal of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of transaction: Disposal of 57 shares of common stock. |
| 02/27/2024 | Date of signature on the report. |
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