Sealed Air (SEE) officer details RSU tax-withholding and share holdings
Rhea-AI Filing Summary
Sealed Air Corporation officer listed as President, Protective reported automatic share withholding tied to restricted stock units. On 12/22/2025, 857 shares of common stock and another 1,736 shares were withheld at a price of $41.26 per share to cover tax liabilities from accelerated vesting of previously granted RSUs. After these transactions, the reporting person directly owned 16,328 shares of common stock and indirectly held 1,336 shares through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
The RSUs vested early in connection with transactions contemplated by an Agreement and Plan of Merger dated Nov. 16, 2025 among Sword Purchaser, LLC, Sword Merger Sub, Inc., and Sealed Air. The accelerated RSU vesting is subject to repayment conditions if the reporting person’s employment ends for certain reasons before the dates the awards otherwise would have vested.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did Sealed Air (SEE) report in this Form 4?
A Sealed Air officer reported that shares of common stock were withheld from vested restricted stock units. The company withheld 857 shares and 1,736 shares at $41.26 per share to satisfy tax liabilities related to accelerated RSU vesting.
How many Sealed Air (SEE) shares does the reporting person hold after the transaction?
After the reported withholding transactions, the officer directly owned 16,328 shares of Sealed Air common stock and indirectly held 1,336 shares through the Sealed Air Corporation 401(k) and Profit-Sharing Plan.
Why did Sealed Air restricted stock units vest on December 22, 2025?
The filing explains that certain restricted stock units vested on Dec. 22, 2025 to help mitigate the impact of Sections 280G and 4999 of the Internal Revenue Code in connection with transactions under an Agreement and Plan of Merger dated Nov. 16, 2025 among Sword Purchaser, LLC, Sword Merger Sub, Inc., and Sealed Air.
Are the accelerated Sealed Air RSUs subject to any repayment conditions?
Yes. The accelerated RSU vesting is subject to repayment conditions if the reporting person’s employment terminates for certain reasons before the dates on which the RSUs otherwise would have vested.
What portion of the Sealed Air (SEE) holdings are unvested or in plans?
The filing notes that the reported holdings include unvested restricted stock units and that 1,336 shares of common stock are held under the Sealed Air Corporation 401(k) and Profit-Sharing Plan, including shares acquired through dividend reinvestment.
What is the role of the insider involved in this Sealed Air transaction?
The reporting person is identified as an officer of Sealed Air with the title President, Protective, indicating a senior leadership position within the company.