Ahmad Zubaid 4

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.