Vanguard Amends Sealed Air Corp Stake, Maintains Passive Position

TL;DR

**Vanguard still owns a big chunk of Sealed Air Corp, signaling long-term confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Sealed Air Corp's common stock as of December 29, 2023. This filing, Amendment No. 15, updates their previous disclosures, showing their continued significant, passive stake in the packaging company. This matters to investors because Vanguard's large, passive holding suggests a long-term, stable institutional interest in Sealed Air Corp, potentially reducing volatility and signaling confidence in the company's fundamentals.

Why It Matters

This filing confirms Vanguard's continued substantial, yet passive, investment in Sealed Air Corp, which can be a reassuring signal for current and prospective shareholders about the stock's stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.

Analyst Insight

Investors should view this as a routine update confirming a large, passive institutional holder. It doesn't signal an immediate buy or sell, but rather reinforces the existing ownership structure and long-term institutional interest in Sealed Air Corp.

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Sealed Air Corp (company) — subject company whose common stock is being reported
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A was filed
• Amendment No. 15 (number) — identifies this as the fifteenth amendment to Vanguard's Schedule 13G for Sealed Air Corp

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Sealed Air Corp for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31
• Sealed Air Corp's stock will likely experience stable institutional support due to large passive holdings. (Sealed Air Corp) — medium confidence, target: 2024-12-31

FAQ

From the Filing

0001104659-24-021905.txt : 20240213 0001104659-24-021905.hdr.sgml : 20240213 20240213171358 ACCESSION NUMBER: 0001104659-24-021905 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24629491 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01888-sealedaircorp.htm SCHEDULE 13G/A sealedaircorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 15)* Name of issuer:  Sealed Air Corp Title of Class of Securities:  Common Stock CUSIP Number:  81211K100 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  81211K100 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 56,037 7.  SOLE DISPOSITIVE POWER 15,891,592 8.  SHARED DISPOSITIVE POWER 212,031 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 16,103,623 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 11.15% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Sealed Air Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 2415 Cascade Pointe Boulevard Charlotte, NC 28208 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business O