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
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
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
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.