Actis-Grande Kristen 4

What Happened

• Kristen Actis-Grande, Chief Financial Officer of Sealed Air Corp (SEE), reported dispositions of 93,591 and 502 shares (total 94,093 shares) on 2026-04-09. Under the merger agreement, each share of Sealed Air common stock was cancelled and converted into cash consideration of $42.15 per share, yielding approximately $3,966,020 in total cash consideration. The Form 4 shows the transactions as dispositions to the issuer (price listed as N/A), with the merger footnote specifying the $42.15 per-share Merger Consideration.

Key Details

• Transaction date / report filed: 2026-04-09 (Period of Report and Filing Date: 2026-04-09; Accession 0001193125-26-149650).
• Shares disposed: 93,591 and 502 (total 94,093).
• Merger consideration: $42.15 per share (implied cash value ≈ $3,966,020). Form 4 lists price as N/A because shares were cancelled/converted in the merger.
• Shares held after transaction: No outstanding Sealed Air common stock (shares were cancelled at the Effective Time).
• Notable footnotes:
  • F1: Common stock cancelled and converted to $42.15 per share under the Merger Agreement with Sword Purchaser, LLC.
  • F2: RSUs were converted into contingent cash rights (subject to original RSU terms, e.g., vesting).
  • F3: The 502-share amount reflects shares held in the reporting person’s Sealed Air 401(k) account at the Effective Time.
• Timeliness: Filing shows report and transaction date of 2026-04-09; no late-file indicator noted.

Context

• This was not an open-market sale by the insider but a corporate-level conversion of shares into cash as part of a merger—treatment applies to common stock and to outstanding RSUs (RSUs converted into contingent cash awards subject to vesting). Such merger-related dispositions reflect deal terms rather than an insider decision to sell on the market.