SEALED AIR (SEE) CFO exits common stock as merger pays $42.15 per share
Rhea-AI Filing Summary
SEALED AIR CORP/DE Chief Financial Officer Kristen Actis-Grande disposed of all reported common shares in connection with a completed merger. A total of 93,591 directly held shares of Common Stock and 502 shares held through the Sealed Air Corporation 401(k) and Profit-Sharing Plan were surrendered to the issuer.
Under the merger agreement, each outstanding share of Common Stock was cancelled and converted into the right to receive cash consideration of $42.15 per share, without interest, as described in the filing. Outstanding restricted stock units were similarly cancelled and converted into cash-based awards tied to the same merger consideration and prior vesting terms. Following these transactions, the filing shows no remaining Common Stock holdings for the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 93,591 | $0.00 | -- |
| Disposition | Common Stock | 502 | $0.00 | -- |
Footnotes (1)
- 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 (the "Surviving Corporation") 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. At the Effective Time, each restricted stock unit ("RSU") outstanding immediately prior to the Effective Time was automatically cancelled and terminated and converted into a contingent right to receive from the Surviving Corporation an amount in cash (without interest) equal to (i) the product of (A) the aggregate number of shares of Common Stock underlying such RSU and (B) the Merger Consideration, plus (ii) any accrued and unpaid dividends or dividend equivalent rights owed with respect to such RSU, with such cash-based award subject to the terms and conditions applicable to the corresponding RSU (including time-based vesting conditions and terms related to the treatment upon termination of employment). Total number of shares of Common Stock held in the name of the reporting person under the Sealed Air Corporation 401(k) and Profit-Sharing Plan as of the Effective Time.