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    Dustin J. Semach

    President and Chief Executive Officer at Sealed Air Corp
    Board
    Since February 12, 2025
    Age
    43 years
    Education
    Holds a Bachelor's degree in Computer Science from Clemson University and a Master's degree in Business Administration from Northeastern University.
    Tenure
    Joined SEE in April 2023 as Chief Financial Officer-Designate, later serving as Chief Financial Officer, Interim Co-President and Co-Chief Executive Officer, and President and Chief Financial Officer before being promoted to President and Chief Executive Officer in February 2025.

    Also at Sealed Air Corp

    BH
    Belinda Hyde
    Chief People Officer
    BJR
    Byron J. Racki
    President, Protective
    EZC
    Emile Z. Chammas
    Senior Vice President and Chief Operating Officer

    About

    Dustin J. Semach is a seasoned executive with extensive leadership experience, currently serving as the President and Chief Executive Officer of SEE. He is 43 years old as of January 31, 2025 and has earned a strong educational foundation with a Bachelor's degree in Computer Science from Clemson University and a Master's degree in Business Administration from Northeastern University.

    He joined SEE in April 2023 as Chief Financial Officer-Designate, quickly advancing through various leadership roles including Chief Financial Officer and Interim Co-President and Co-Chief Executive Officer before his appointment as President and Chief Executive Officer in February 2025.

    Throughout his tenure at SEE, he has played a pivotal role in driving strategic transformations and operational efficiencies, leveraging his over 20 years of industry experience. His leadership is marked by a focus on financial rigor, operational excellence, and the cultivation of a customer-centric culture.

    $SEE Performance Under Dustin J. Semach

    Past Roles

    OrganizationRoleDate RangeDetails
    Sealed Air Corporation President and Chief Financial Officer July 2024 to February 2025
    Sealed Air Corporation Interim Co-President and Co-Chief Executive Officer, and Chief Financial Officer October 2023 to June 2024
    Sealed Air Corporation Chief Financial Officer April 2023 to May 2023 Joined as CFO-Designate then became CFO
    TTEC Holdings, Inc. Chief Financial Officer November 2021 to April 2023 Joined in December 2020 as part of CFO succession
    Rackspace Technology, Inc. Chief Financial Officer July 2019 to November 2020
    DXC Technology Company Various Leadership Roles January 2013 to July 2019
    Computer Sciences Corporation Leadership Position N/A Held leadership role in IT services
    IBM Leadership Position N/A Held leadership role in IT services

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Salary$762,500 AnnualFixed base salary for 2024
    Bonus$1,150,000 Mixed: $1,000,000 on July 1, 2024 and $150,000 monthly stipend (January–June 2024) Cash transition bonus upon promotion and interim service payments
    24RSU25,000 shares; $900,000 fair value Grant Date: February 21, 2024Fixed stock grant with no performance conditions
    24RSU (Retention 1)55,181 shares; $1,800,004 fair value Grant Date: August 15, 2024Retention award with defined grant date
    24RSU (Retention 2)45,985 shares; $1,500,031 fair value Grant Date: August 15, 2024Retention award with defined grant date
    Company Profit Sharing Contribution$18,113 As applicable in 2024Contribution based on company profitability
    Company 401(k) Matching Contributions$13,800 As applicable in 2024Matching contributions for retirement savings
    Relocation Costs$8,302 As incurred in 2024Costs related to relocation
    Tax Gross-Up$6,058 As incurred in 2024Tax benefit provided to offset the tax burden

    Performance Compensation

    Data from  FY 2024

    Non-Equity Incentive Plan (AIP)

    MetricValueDetails
    Target Annual Award$709,770 Prorated based on promotion effective July 1, 2024
    Final Funding Factor122.1% Performance adjustment based on financial goals
    Actual Annual Award$866,629 Outcome after applying performance metrics
    Performance MetricsAdjusted EBITDA (50%), Net Sales (25%), Free Cash Flow (25%)Achievement of pre-established financial targets

    24PSU (Equity Incentive Plan)

    MetricValueDetails
    Target PSUs25,000 shares Represents 100% of the target award
    Threshold50% of targetNo awards earned below threshold
    Maximum200% of targetMaximum possible award
    Grant DateFebruary 21, 2024 Relevant for performance period commencement
    Grant Date Fair Value$41.09 per share Determined via Monte Carlo simulation
    Performance MetricsAdjusted EBITDA CAGR (50%), Return on Invested Capital (50%)Metrics measured over a three‐year period (2024–2026)
    TSR Modifier±25% adjustment based on relative Total Stockholder ReturnCompares performance against a customer peer group
    Vesting ScheduleVest in 2027 after performance period (January 1, 2024 – December 31, 2026)Shares issued upon certification by the P&C Committee