Sealed Air director equity cancelled in $42.15 merger
SEALED AIR CORP/DE director Kevin C. Berryman reported dispositions tied to the company’s merger.
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Form Type
4
Rhea-AI Filing Summary
SEALED AIR CORP/DE director Kevin C. Berryman reported dispositions tied to the company’s merger. On April 9, 2026, 18,500 deferred stock units were cancelled and converted into a cash right based on the merger consideration of $42.15 per common share, plus accrued dividend equivalents. On the same date, 4,933 shares of common stock were cancelled and converted into the right to receive $42.15 in cash per share, reflecting the closing terms of the merger in which Sealed Air became a wholly owned subsidiary of Sword Purchaser, LLC.
Insider Trade Summary
Disposition: 23,433 shares
Disposition
2 txns
Insider
Berryman Kevin C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Unit | 18,500 | $0.00 | $0.00 |
| Disposition | Common Stock | 4,933 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Unit — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. In connection with the terms of an Agreement and Plan of Merger, dated November 16, 2025 (the "Merger Agreement"), by and among the Issuer, Sword Purchaser, LLC ("Sword") and Sword Merger Sub, Inc., a wholly owned subsidiary of Sword ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Sword (the "Effective Time"). At the Effective Time, each outstanding share of Common Stock was cancelled and extinguished and automatically converted into the right to receive $42.15 (the "Merger Consideration"), without interest, except as set forth in the Merger Agreement.
- F2. At the Effective Time, each deferred stock unit ("Stock Unit") outstanding immediately prior to the Effective Time was automatically cancelled and terminated and converted into a right to receive an amount in cash (without interest) equal to (i) the product of (A) the number of shares of Common Stock subject to such Stock Unit and (B) the Merger Consideration, plus (ii) any accrued and unpaid dividends or dividend equivalent rights owed with respect to such Stock Unit.
- F3. Includes units converted from dividend equivalents.
Key Figures
Deferred stock units cancelled: 18,500 units
Common shares cancelled: 4,933 shares
Merger consideration per share: $42.15 per share
+2 more
5 metrics
Deferred stock units cancelled
18,500 units
Cancelled and converted to cash at merger effective time
Common shares cancelled
4,933 shares
Cancelled and converted to cash at merger effective time
Merger consideration per share
$42.15 per share
Cash paid for each Sealed Air common share
Stock units following transaction
0 units
Stock unit holdings after cancellation and cash conversion
Common shares following transaction
0 shares
Reported direct holdings after share cancellation
Key Terms
Agreement and Plan of Merger, Merger Consideration, deferred stock unit, dividend equivalent rights, +1 more
5 terms
Agreement and Plan of Merger regulatory
"In connection with the terms of an Agreement and Plan of Merger, dated November 16, 2025"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
Merger Consideration financial
"automatically converted into the right to receive $42.15 (the "Merger Consideration")"
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
deferred stock unit financial
"each deferred stock unit ("Stock Unit") outstanding immediately prior to the Effective Time"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
dividend equivalent rights financial
"plus (ii) any accrued and unpaid dividends or dividend equivalent rights owed"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Effective Time regulatory
"with the Issuer surviving as a wholly owned subsidiary of Sword (the "Effective Time")"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Kevin C. Berryman report for SEE?
Kevin C. Berryman reported issuer dispositions of Sealed Air equity on April 9, 2026. 18,500 deferred stock units and 4,933 common shares were cancelled and converted into cash rights as part of the completed merger at a fixed cash price.
How many Sealed Air (SEE) deferred stock units were affected in this Form 4?
The filing shows 18,500 deferred stock units were cancelled at the merger’s effective time. Each unit converted into a right to receive cash equal to the number of underlying shares times the $42.15 merger consideration, plus any accrued and unpaid dividend equivalents.
What happened to Sealed Air (SEE) common stock in the reported merger?
Each outstanding share of Sealed Air common stock was cancelled and extinguished at the merger’s effective time. Every share automatically converted into the right to receive $42.15 in cash, without interest, consistent with the Agreement and Plan of Merger terms.
How were Sealed Air (SEE) deferred stock units treated in the merger?
Each deferred stock unit was automatically cancelled and converted into a cash right. The amount equaled the number of underlying shares multiplied by the $42.15 merger consideration, plus any accrued and unpaid dividends or dividend equivalent rights associated with that stock unit.
Did Kevin C. Berryman retain any reported Sealed Air (SEE) stock units after this transaction?
According to the Form 4, Berryman held zero stock units after the transaction. All 18,500 deferred stock units reported were cancelled at the merger’s effective time and converted into cash-based rights under the merger agreement terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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