Ahmad Zubaid 4

4 · SEALED AIR CORP/DE · Filed Apr 9, 2026

AI-generated summary of this filing

Updated Apr 9, 2026

Sealed Air (SEE) Director Ahmad Zubaid Sells 32,808 Shares in Merger

What Happened

Director Ahmad Zubaid disposed of a total of 32,808 Sealed Air shares on 2026-04-09. This comprised 1,200 common shares and 31,608 deferred stock units converted to cash. The disposals were not open‑market sales but conversions into the Merger Consideration of $42.15 per share under the merger agreement, yielding approximately $1.38 million (exclusive of any accrued/dividend equivalents for the stock units).

Key Details

Transaction date: April 9, 2026. Form filed April 9, 2026.
Transaction types: Dispositions to issuer (code D). One line was common stock (1,200 shares); the other was a derivative/stock-unit conversion (31,608 units).
Price / consideration: $42.15 per share (Merger Consideration) as set by the Merger Agreement. Total ≈ $1,382,857.20 before any accrued dividends or dividend equivalents.
Footnotes: F1 — each outstanding share was cancelled and converted into the $42.15 cash consideration at the Effective Time of the merger. F2 — each deferred stock unit was converted into a cash payment equal to the number of shares × $42.15 plus any accrued/dividend equivalents. F3 — the derivative amount includes units converted from dividend equivalents.
Shares owned after transaction: not specified in the provided filing excerpt.
Timeliness: filing shows the same report and transaction date (no late‑filing flag in provided data).

Context

This was a corporate merger conversion (Sealed Air was acquired by Sword Purchaser LLC), not an open‑market sale; dispositions reflect automatic conversion of holdings into merger cash consideration rather than individual trading decisions. The deferred units conversion may include additional cash for accrued dividends.

Form 4Exit

Period: 2026-04-09

Director

Transactions

Disposition to Issuer
Common Stock
[F1]
2026-04-09−1,200→ 0 total
Disposition to Issuer
Stock Unit
[F2][F3]
2026-04-09−31,608→ 0 total
→ Common Stock (31,608 underlying)

Footnotes (3)

[F1]In connection with the terms of an Agreement and Plan of Merger, dated November 16, 2025 (the "Merger Agreement"), by and among the Issuer, Sword Purchaser, LLC ("Sword") and Sword Merger Sub, Inc., a wholly owned subsidiary of Sword ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Sword (the "Effective Time"). At the Effective Time, each outstanding share of Common Stock was cancelled and extinguished and automatically converted into the right to receive $42.15 (the "Merger Consideration"), without interest, except as set forth in the Merger Agreement.
[F2]At the Effective Time, each deferred stock unit ("Stock Unit") outstanding immediately prior to the Effective Time was automatically cancelled and terminated and converted into a right to receive an amount in cash (without interest) equal to (i) the product of (A) the number of shares of Common Stock subject to such Stock Unit and (B) the Merger Consideration, plus (ii) any accrued and unpaid dividends or dividend equivalent rights owed with respect to such Stock Unit.
[F3]Includes units converted from dividend equivalents.

Signature

/s/ Kristina Johnson, attorney-in-fact|2026-04-09

1 file