Johnson Veronika 4

What Happened

• Veronika Johnson, Chief Administrative Officer & Controller of Sealed Air (SEE), received an award of 2,067 restricted stock units (RSUs) on Feb 16, 2026 and converted vested performance stock units into common shares the same day. The filing shows two derivative conversion entries of 250 shares each at $0.00 (no exercise price). To cover tax withholding on vested awards, 122 shares were surrendered/withheld at $41.93 per share for a total tax withholding of $5,115.

Key Details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (timely).
• Award: 2,067 RSUs granted (price N/A). Per footnote, these RSUs have a one‑year vest beginning Feb 16, 2026 (F1, F2).
• Conversions: Two derivative/option conversions of 250 shares each listed at $0.00 (M code). Footnotes indicate Performance Stock Units from 03/01/2023 vested and converted on 02/16/2026 with a 27.1% performance payout multiplier; each PSU converts to one share (F3, F7).
• Tax withholding: 122 shares withheld to satisfy tax liabilities at $41.93/share = $5,115 (F4).
• Shares owned after transaction: total holdings after these transactions are not specified in the provided excerpt. Reporting person disclaims beneficial ownership of certain plan-held shares except for pecuniary interest (F5, F6).
• No expiration date noted for the awards (F8).

Context

• This filing reflects compensation-related activity (awards and PSU vesting/conversion), not an open‑market purchase or sale. Conversions of PSUs/derivatives at $0.00 indicate no cash exercise price; the withholding of shares to cover taxes is a routine administrative step and does not by itself signal insider buying or selling intent.