ALLOTT ANTHONY J 4

What Happened
Anthony J. Allott, a director of Sealed Air Corp (SEE), had 10,893 shares disposed to the issuer on April 9, 2026 as part of a merger. The Form 4 lists the disposition as to the issuer (D) and shows price as N/A on the trade line, but a filing footnote states each share was converted into the right to receive $42.15 per share under the Merger Agreement, totaling roughly $459,140.

Key Details

• Transaction date: 2026-04-09 (reported same date).
• Transaction type: Disposition to issuer (code D) in connection with a merger.
• Per-share consideration (per footnote): $42.15; total ≈ $459,139.95.
• Shares affected: 10,893 shares cancelled/converted.
• Shares owned after transaction: effectively 0 common shares (all outstanding shares were cancelled at the Effective Time).
• Footnote: The disposition arose from the Agreement and Plan of Merger (Nov 16, 2025) under which Merger Sub merged into Sealed Air and each outstanding share was cancelled for $42.15 cash.
• Filing timeliness: Reported for the transaction date; no late filing flag noted.

Context
This was not an open-market sale but a mandatory conversion/cash-out tied to a corporate merger, so it reflects deal consideration rather than a trading decision by the insider. Such merger-related dispositions are routine when a company is acquired and do not by themselves indicate insider sentiment about the company’s ongoing prospects.