Form 4: Sealed Air Corp SVP and COO Chammas Reports Changes in Beneficial Ownership

Emile Z. Chammas, SVP and COO of Sealed Air Corp, reports acquisition and disposal of common stock and adjustments to holdings under the company's 401(k) and Profit-Sharing Plan.

Summary

• On February 17, 2025, Emile Z. Chammas acquired 26,479 shares of Sealed Air Corp common stock.
• On February 18, 2025, Mr. Chammas disposed of 4,874 shares of common stock at a price of $33.99.
• Following these transactions, Mr. Chammas directly owns 338,918 shares of common stock.
• Mr. Chammas also indirectly owns 6,349 shares through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
• The acquisition of shares was made under the 2014 Omnibus Incentive Plan.
• The reported transactions include unit/share adjustments to Mr. Chammas' holdings under the Sealed Air Corporation 401(k) and Profit-Sharing Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports transactions without providing explicit positive or negative signals about the company's performance.

Positives

• The acquisition of shares indicates a potential positive outlook from the executive regarding the company's future performance.

Negatives

• The disposal of shares, while potentially for personal financial management, could be interpreted negatively by some investors.

Risks

• The document itself does not explicitly mention any risks.
• However, insider transactions are always subject to scrutiny and can be interpreted in various ways by the market.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for executives to periodically adjust their holdings for various reasons.

Stakeholder Impact

• The transactions may influence investor sentiment, although the impact is likely to be minimal given the routine nature of the filing.

Key Dates

Keywords

beneficial ownership, Form 4, insider trading, stock, Sealed Air Corp, Chammas, COO