Berryman Kevin C 4

What Happened

• Kevin C. Berryman, a director of Sealed Air Corp. (SEE), had a total of 23,433 shares/units disposed to the issuer on April 9, 2026. This consisted of 4,933 common shares and 18,500 deferred/derivative units. Under the merger agreement, each share was converted into $42.15 in cash, so the total cash consideration is about $987,701. This was a disposition to the issuer as part of the company’s merger, not an open‑market sale.

Key Details

• Transaction date: 2026-04-09
• Price per share (per merger terms): $42.15
• Total shares/units disposed: 4,933 (shares) + 18,500 (derivative units) = 23,433
• Estimated total cash received: ~$987,701 (23,433 × $42.15)
• Shares owned after transaction: Not disclosed in the Form 4
• Footnotes: Merger Agreement converted all outstanding common shares to $42.15 cash (F1); deferred stock units were likewise cashed out based on the same per‑share amount plus any accrued dividends (F2); units include converted dividend equivalents (F3).
• Filing timeliness: Reported with period and filing date of 2026-04-09 (appears timely; no late filing flag noted)

Context

• This was a corporate cash‑out due to a merger (Merger Sub merged into Sealed Air and each share/unit was converted to cash). The transaction is a disposition to the issuer under the merger terms and should be viewed as the result of the corporate action rather than a discretionary sale by the insider.