SEE Form 4: Flannery Withholds 7,406 Shares on RSU Vesting, Retains 75,921 Holdings
Rhea-AI Filing Summary
Sealed Air Corp (SEE) officer Steven E. Flannery reported transactions on Form 4 showing disposition of common stock tied to RSU vesting and holdings in a retirement plan. The filing shows 7,406 shares were withheld to satisfy tax liabilities on vested restricted stock units at a price of $35.35 per share, reducing his direct holdings. After the transaction he beneficially owned 75,921 shares (which the form notes includes unvested restricted stock units). Additionally, 277 shares are held indirectly in the company 401(k) and profit-sharing plan. The form was signed by an attorney-in-fact on 10/01/2025.
Positive
- Continued ownership alignment: Reporting person retains 75,921 shares including unvested RSUs, indicating ongoing stake in the company.
- Transaction was tax-related withholding: 7,406 shares were withheld to meet tax liabilities from RSU vesting (routine for compensation).
Negative
- Immediate reduction in direct shares: 7,406 shares were disposed of (withheld), lowering direct beneficial ownership at the transaction date.
Insights
TL;DR: Officer sold shares to cover RSU taxes, leaving substantial direct and indirect holdings, indicating typical executive compensation settlement.
The transaction is a routine tax-withholding disposition following RSU vesting rather than a voluntary open-market sale. The remaining 75,921 shares (including unvested RSUs) and 277 401(k) shares represent continued ownership alignment with shareholders. No derivative transactions or additional disposals were reported. The filing contains clear explanatory footnotes about withholding and plan holdings.
TL;DR: The disposition is non-material as an ownership change tied to compensation, not an active sell signal.
The reported disposition of 7,406 shares at $35.35 reflects tax-related withholding on vested restricted stock units and not an open-market divestiture. The officer retains a meaningful equity position when combining direct and plan-held shares. There are no options or derivative exercises reported. This is a routine Form 4 disclosure with limited market-impact implications.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 7,406 | $35.35 | $262K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares withheld to meet tax liabilities associated with vesting of previously granted restricted stock units. Includes unvested restricted stock units. Total number of shares of Common Stock held in the name of the Reporting Person under the Sealed Air Corporation 401(k) and Profit-Sharing Plan as of the date of this Form 4.