Form 4: Sealed Air Corp Executive Tobias Grasso Reports Stock Transaction
SEC Form 4 Filing
Tobias Grasso, President, Americas at Sealed Air Corp, reports disposition of shares to cover tax obligations.
Summary
- On February 24, 2024, Tobias Grasso, President, Americas at Sealed Air Corporation, reported a transaction involving Sealed Air Corp common stock.
- The transaction involved the disposition of 359 shares at a price of $36.58 per share to cover tax obligations.
- Following the transaction, Mr. Grasso directly owns 33,024 shares of common stock and indirectly owns 1,650 shares through a 401(k) & Profit Sharing Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 02/24/2024 | Date of stock transaction |
| 02/27/2024 | Date of signature for the report |
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