BlackRock Amends SEALED AIR CORP Stake, Signals Portfolio Adjustment

Ticker: SEE · Form: SC 13G/A · Filed: 2024-01-19T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock updated its stake in Sealed Air, watch for market reaction.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in their ownership of SEALED AIR CORPORATION's Common Stock as of December 31, 2023. This filing, Amendment No. 11, updates their previous disclosures regarding their passive investment in the packaging company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal shifts in their confidence or investment strategy regarding SEALED AIR CORPORATION.

Why It Matters

This filing shows BlackRock's updated position in Sealed Air, which can influence investor sentiment and potentially impact the stock's trading volume and price.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate or significant risk to the company.

Analyst Insight

Investors should note BlackRock's continued involvement with SEALED AIR CORPORATION, but without specific share count changes, this filing primarily serves as an administrative update. Further analysis of BlackRock's full 13F filing for Q4 2023 would provide more detail on the exact change in their holdings.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11)'.

Who is the subject company of this filing?

The subject company is SEALED AIR CORPORATION/DE, with a Central Index Key (CIK) of 0001012100, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEALED AIR CORP/DE'.

Who is the entity that filed this SC 13G/A?

The entity that filed this SC 13G/A is BlackRock Inc., with a Central Index Key (CIK) of 0001364742, as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.

What is the CUSIP number for the securities reported in this filing?

The CUSIP number for the Common Stock of SEALED AIR CORPORATION is 81211K100, as listed under '(CUSIP Number)'.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.

From the Filing

0001086364-24-000304.txt : 20240119 0001086364-24-000304.hdr.sgml : 20240119 20240119144051 ACCESSION NUMBER: 0001086364-24-000304 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240119 DATE AS OF CHANGE: 20240119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SEALED AIR CORP/DE CENTRAL INDEX KEY: 0001012100 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 650654331 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-46957 FILM NUMBER: 24545144 BUSINESS ADDRESS: STREET 1: 2415 CASCADE POINTE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28208 BUSINESS PHONE: 980-221-3235 MAIL ADDRESS: STREET 1: 2415 CASCADE POINTE BOULEVARD CITY: CHARLOTTE STATE: NC ZIP: 28208 FORMER COMPANY: FORMER CONFORMED NAME: WR GRACE & CO/DE DATE OF NAME CHANGE: 19961015 FORMER COMPANY: FORMER CONFORMED NAME: GRACE HOLDING INC DATE OF NAME CHANGE: 19960805 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us81211k1007_011924.txt us81211k1007_011924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 11) SEALED AIR CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 81211K100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 81211K100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 27401411 (6) Shared voting power 0 (7) Sole dispositive power 27864601 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 27864601 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 19.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SEALED AIR CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 2415 CASCADE P

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