Form 4: Sealed Air Director Suzanne Rowland Receives Annual Stock Unit Compensation

Sealed Air Corporation's Director, Suzanne B. Rowland, was awarded 4,993 stock units as part of her annual non-employee director compensation, aligning her interests with shareholders.

Summary

• Suzanne B. Rowland, a Director of Sealed Air Corporation (SEE), acquired 4,993 stock units on May 29, 2025.
• These stock units represent an annual award of non-employee director stock compensation issued under the Sealed Air Corporation 2014 Omnibus Incentive Plan.
• Each stock unit converts to one share of Common Stock.
• The units are to be settled in shares of Sealed Air Common Stock following Ms. Rowland's retirement from the Board of Directors, with certain exceptions specified in the Corporation's Deferred Compensation Plan for Directors.
• Following this transaction, Ms. Rowland beneficially owns a total of 23,037 stock units, which includes units converted from dividend equivalents.

Sentiment

Score: 7

Explanation: The sentiment is positive as it reflects a routine and expected compensation event that aligns director interests with shareholders, indicating stable corporate governance.

Positives

• The award of stock units to a director aligns management and board interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a routine annual compensation award, indicating stable corporate governance practices regarding director remuneration.

Future Outlook

The stock units are intended to be settled in shares of Sealed Air Common Stock upon the reporting person's retirement from the Board of Directors, indicating a long-term incentive structure.

Management Comments

• The units represent an annual award of non-employee director stock compensation issued under the Sealed Air Corporation 2014 Omnibus Incentive Plan.
• The units are to be settled in shares of Sealed Air Common Stock (with certain exceptions specified in the Corporation's Deferred Compensation Plan for Directors) following the reporting person's retirement from the Board of Directors.

Industry Context

The practice of compensating non-employee directors with equity awards, such as stock units, is a common and widely accepted practice across various industries, including packaging and materials, to align director incentives with long-term shareholder value creation.

Comparison to Industry Standards

• The issuance of stock units as part of non-employee director compensation is a standard practice in corporate governance across publicly traded companies, including those in the industrial and packaging sectors like Sealed Air.
• This method of compensation is comparable to practices seen in companies such as WestRock Company (WRK) or Amcor plc (AMCR), which also utilize equity-based awards to incentivize their non-executive directors and align their interests with company performance.

Corporate Governance

Related Party Transactions

• The transaction represents compensation to a director, which is a related party transaction, but it is a standard and disclosed form of remuneration.

Stakeholder Impact

• Shareholders: The equity award aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The stock units will be settled in shares of Sealed Air Common Stock upon Ms. Rowland's retirement from the Board of Directors.

Key Dates

Keywords

Sealed Air Corporation, SEE, Form 4, Insider Transaction, Director Compensation, Stock Units, Equity Award, Beneficial Ownership, Corporate Governance