---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-028719"
form_type: "8-K"
ticker: null
cik: "0001012100"
company_name: "SEALED AIR CORP/DE"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:26:16.670815+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Sealed Air President Americas Grasso steps down; CEO severance plan amended

## Summary
- Tobias Grasso, Jr., President Americas, steps down as executive officer June 4, 2024; advisory role through July 1, 2024.
- No change to Grasso's severance benefits under the existing Executive Severance Plan.
- CEO severance amended: 2x base+bonus for non-change-in-control termination, 2.5x for change-in-control.
- Amended plan provides pro-rata bonus and full equity vesting for CEO upon change-in-control termination.
- Severance provisions for non-CEO participants remain unchanged.

## SEC filing metadata
- accession: 0001140361-24-028719
- form_type: 8-K
- cik: 0001012100
- company_name: SEALED AIR CORP/DE
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1012100/000114036124028719/0001140361-24-028719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1012100/000114036124028719/ef20030540_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-028719
- JSON: https://secwatch.observer/filing/0001140361-24-028719.json
- Plain text: https://secwatch.observer/filing/0001140361-24-028719.txt

## Key facts
- Executive change
  Tobias Grasso, Jr. departed as President, Americas at SEALED AIR CORP/DE.
  - Action: stepping down
  - Role: President, Americas
  source text: On May 30, 2024, Sealed Air Corporation (the “Company”) and Tobias Grasso, Jr., President, Americas of the Company, mutually agreed that Mr. Grasso will be stepping down from his current position as an executive officer effective June 4, 2024, and continue to serve in an advisory role through July 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1012100/000114036124028719/0001140361-24-028719-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.