Sealed Air director’s 10,893 shares converted in merger
SEALED AIR CORP/DE director Anthony J. Allott disposed of his remaining shares in connection with a merger.
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Form Type
4
Rhea-AI Filing Summary
SEALED AIR CORP/DE director Anthony J. Allott disposed of his remaining shares in connection with a merger. On the transaction date, 10,893 shares of Common Stock were surrendered to the issuer, leaving him with 0 shares directly owned. Under the merger terms, each cancelled share was converted into the right to receive $42.15 in cash, without interest.
Insider Trade Summary
Disposition: 10,893 shares
Disposition
1 txn
Insider
ALLOTT ANTHONY J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 10,893 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- 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, without interest, except as set forth in the Merger Agreement.
Key Figures
Shares disposed: 10,893 shares
Merger cash consideration per share: $42.15 per share
Shares held after transaction: 0 shares
+1 more
4 metrics
Shares disposed
10,893 shares
Common Stock cancelled in merger-related disposition to issuer
Merger cash consideration per share
$42.15 per share
Each cancelled Common Stock share converted into right to receive cash
Shares held after transaction
0 shares
Direct ownership of Anthony J. Allott following merger Effective Time
Transaction date
2026-04-09
Date of Form 4-reported disposition to issuer
Key Terms
Agreement and Plan of Merger, Merger Agreement, Effective Time, wholly owned subsidiary, +1 more
5 terms
Agreement and Plan of Merger financial
"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 Agreement financial
"dated November 16, 2025 (the "Merger Agreement"), by and among the Issuer, Sword Purchaser, LLC"
A merger agreement is a binding contract that lays out the exact terms for two companies to combine, including the price, what each side will deliver, and the conditions that must be met before the deal is completed. Investors care because it sets the timetable, payouts and risks — like a blueprint or prenup that shows whether the deal is likely to close, how ownership will change, and what could cancel or alter the payout they expect.
Effective Time financial
"Sword Merger Sub, Inc. ... with the Issuer surviving ... (the "Effective Time"). At the Effective Time, each outstanding share"
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.
wholly owned subsidiary financial
"with the Issuer surviving as a wholly owned subsidiary of Sword"
A wholly owned subsidiary is a company whose entire ownership is held by another company (the parent), so the parent controls decisions, operations, and finances. Think of it as a fully controlled branch that runs as its own legal entity but whose results flow straight into the parent’s financial statements; investors watch these structures because they affect consolidated revenue, risk exposure, and how profits, liabilities, and cash flow are allocated across the corporate group.
Common Stock financial
"each outstanding share of Common Stock was cancelled and extinguished and automatically converted"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SEALED AIR (SEE) report for Anthony J. Allott?
SEALED AIR reported that director Anthony J. Allott disposed of 10,893 shares of Common Stock back to the company. This was a disposition to the issuer tied to a completed merger transaction rather than an open-market trade.
Was Anthony J. Allott’s SEALED AIR (SEE) transaction an open-market sale?
No. The Form 4 classifies the event as a disposition to the issuer, not an open-market sale. The shares were cancelled in connection with a merger and converted into a right to receive $42.15 per share in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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