Johnson Veronika 4

What Happened
Veronika Johnson, Chief Accounting Officer and Controller of Sealed Air (SEE), had a total of 47,652 shares disposed to the issuer on April 9, 2026 as part of the company’s merger. The Form 4 reports three dispositions (28,087; 4,198; and 15,367 shares) that were cancelled and converted into cash under the merger agreement at a Merger Consideration of $42.15 per share, for an aggregate cash value of approximately $2,008,531.80. This was not an open‑market sale but a conversion of stock/awards into cash under the merger terms.

Key Details

• Transaction date: 2026-04-09 (reported on Form 4 filed 2026-04-09).
• Shares disposed: 28,087 + 4,198 + 15,367 = 47,652 shares.
• Merger consideration: $42.15 per share (per Merger Agreement); total ≈ $2,008,531.80. The Form 4 shows price as N/A because shares were converted under merger terms.
• Shares owned after transaction: Sealed Air common stock was cancelled at the Effective Time and converted to cash rights; reporting person disclaims beneficial ownership except for any pecuniary interest.
• Notable footnotes: (F1) common shares cancelled and converted to $42.15/ share; (F2) RSUs converted into contingent cash rights subject to original RSU terms (vesting, etc.); (F3/F4) notes re: 401(k) plan holdings and disclaimer of beneficial ownership.
• Filing timeliness: Form 4 filed the same day as the report date; no late filing indicated.

Context: These dispositions reflect the corporate merger treatment (conversion to cash) rather than discretionary insider selling. For RSUs, the filing notes conversion to contingent cash rights (subject to vesting and plan terms), so payouts may be adjusted by award terms.