Form 4: Sealed Air Director Kevin Berryman Boosts Stake Through Stock Awards and Dividend Equivalents

Sealed Air Corporation Director Kevin C. Berryman acquired 4,933 shares of common stock and 428 stock units as part of his annual non-employee director compensation and dividend equivalents.

Summary

• Kevin C. Berryman, a Director of Sealed Air Corporation (SEE), acquired 4,933 shares of Common Stock on May 29, 2025.
• These shares represent an annual award of non-employee director stock compensation issued under the Sealed Air Corporation 2014 Omnibus Incentive Plan.
• Additionally, Mr. Berryman acquired 428 Stock Units on May 29, 2025, which were converted from dividend equivalents.
• Each Stock Unit converts to 1 share of Common Stock.
• The Stock Units are to be settled in shares of Sealed Air Common Stock following Mr. Berryman's retirement from the Board of Directors, with certain exceptions specified in the Corporation's Deferred Compensation Plan for Directors.
• Following these transactions, Mr. Berryman directly beneficially owns 4,933 shares of Common Stock and 18,101 Stock Units.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects an increase in insider ownership, which generally aligns the director's interests with shareholders. This is a routine compensation event, not a market purchase, but still signifies an increased stake.

Positives

• The acquisition of shares and stock units by a director increases insider ownership, aligning management's interests more closely with those of shareholders.
• The transactions are part of a structured compensation plan (2014 Omnibus Incentive Plan and Deferred Compensation Plan for Directors), indicating a stable and predictable compensation framework for non-employee directors.

Future Outlook

The acquired Stock Units are expected to be settled in shares of Sealed Air Common Stock upon the reporting person's retirement from the Board of Directors, as per the company's Deferred Compensation Plan for Directors.

Industry Context

This Form 4 filing details a routine insider transaction related to director compensation, which is a common practice across publicly traded companies to incentivize and align the interests of board members with shareholders. It does not provide information on broader industry trends or competitive landscape.

Corporate Governance

Related Party Transactions

• The acquisition of shares and stock units by Director Kevin C. Berryman constitutes a related-party transaction as it involves compensation from the company to a member of its board of directors, executed under established compensation plans.

Stakeholder Impact

• Shareholders: Benefit from increased alignment of director interests with shareholder value due to increased equity ownership.
• Employees: No direct impact mentioned.

Next Steps

• Settlement of Stock Units into Common Stock upon Kevin C. Berryman's retirement from the Board of Directors.

Key Dates

Keywords

Sealed Air Corporation, SEE, Form 4, Insider Transaction, Director Compensation, Stock Award, Equity Acquisition, Beneficial Ownership, Kevin C. Berryman, Dividend Equivalent