Form 4: Sealed Air Corp SVP and COO Emile Z. Chammas Reports Acquisition of Shares
SEC Form 4 Filing
Emile Z. Chammas, SVP and COO of Sealed Air Corp, reports acquiring 30,657 shares of common stock on August 15, 2024, under the 2014 Omnibus Incentive Plan.
Summary
- On August 15, 2024, Emile Z. Chammas, SVP and COO of Sealed Air Corp, acquired 30,657 shares of common stock.
- This acquisition was made under the 2014 Omnibus Incentive Plan.
- Following the transaction, Chammas directly owns 320,066 shares of Sealed Air Corp common stock.
- Chammas also indirectly owns 6,272 shares through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock acquisition. It doesn't inherently convey positive or negative sentiment.
Positives
- The acquisition of shares by a high-ranking officer may signal confidence in the company's future performance.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives.
Stakeholder Impact
- The acquisition of shares by an executive could be viewed positively by shareholders, potentially increasing investor confidence.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: Emile Z. Chammas acquired 30,657 shares of common stock. |
| 08/19/2024 | Date of signature on the report by Youhao Dong, attorney-in-fact for Mr. Chammas. |
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