Form 4: Sealed Air Executive Disposes of Shares for Tax Obligations Following RSU Vesting
Insider Transaction Report
Byron Jason Racki, President of Protective at Sealed Air Corporation, disposed of 857 shares of common stock to cover tax liabilities related to the vesting of restricted stock units.
Summary
- Byron Jason Racki, President, Protective of Sealed Air Corporation (SEE), reported a transaction on June 5, 2025.
- The transaction involved the disposition of 857 shares of Common Stock at a price of $31.81 per share.
- These shares were withheld by the company to meet tax liabilities associated with the vesting of previously granted restricted stock units.
- Following this transaction, Mr. Racki beneficially owns 18,921 shares directly, which includes unvested restricted stock units.
- Additionally, Mr. Racki indirectly holds 575 shares of Common Stock through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard, non-discretionary transaction for tax purposes related to executive compensation, with no direct positive or negative implications for the company's operational or financial performance.
Positives
- The transaction represents a routine event related to the vesting of restricted stock units, indicating the fulfillment of executive compensation plans.
Negatives
- The disposition of shares is a standard tax withholding event and does not indicate a negative outlook or performance issue for the company.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing is a routine insider transaction disclosure, common across all publicly traded companies, and does not provide specific insights into broader industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Byron J. Racki granted a Power of Attorney to Stefanie Holland and Kristina Johnson, authorizing them to execute and file Forms 3, 4, and 5 on his behalf in accordance with Section 16(a) of the Securities Exchange Act of 1934. | June 5, 2025 | This is a standard corporate governance practice to facilitate timely and accurate insider trading compliance filings for executives. |
Stakeholder Impact
- Shareholders: Minimal direct impact, as this is a routine tax-related transaction and not a discretionary sale indicating a change in confidence or strategy.
- Employees: No direct impact beyond the executive involved.
Key Dates
| Date | Description |
|---|---|
| 06/05/2025 | Date of transaction (disposition of shares) and effective date of Power of Attorney. |
| 06/09/2025 | Date the Form 4 was filed with the SEC. |
Keywords
SEC Form 4, Insider Transaction, Sealed Air Corporation, SEE, Restricted Stock Units, RSU Vesting, Tax Withholding, Common Stock, Executive Compensation, Beneficial Ownership
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