Sealed Air director’s stock units cashed out in merger
SEALED AIR CORP/DE director Suzanne B. Rowland reported a disposition to the company of 23,483 deferred stock units tied to its common stock.
Rhea-AI Filing Summary
SEALED AIR CORP/DE director Suzanne B. Rowland reported a disposition to the company of 23,483 deferred stock units tied to its common stock. The change occurred at the closing of a merger in which Sealed Air became a wholly owned subsidiary of Sword Purchaser, LLC.
At the merger’s effective time, each outstanding deferred stock unit was cancelled and converted into a cash right equal to the number of underlying common shares multiplied by $42.15, plus any accrued and unpaid dividend equivalents. Following this cash-out, Rowland held zero stock units under this plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 23,483 shares
Disposition
1 txn
Insider
Rowland Suzanne B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Unit | 23,483 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Unit — 0 contracts (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").
- 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) $42.15, 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 disposed: 23,483 units
Per-share cash amount: $42.15 per share
Stock units after transaction: 0 units
3 metrics
Deferred stock units disposed
23,483 units
Cancelled and converted to cash at merger effective time
Per-share cash amount
$42.15 per share
Cash paid per underlying common share for each stock unit
Stock units after transaction
0 units
Total deferred stock units held following the merger-related disposition
Key Terms
Agreement and Plan of Merger, deferred stock unit, dividend equivalents
3 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.
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 equivalents financial
"plus (ii) any accrued and unpaid dividends or dividend equivalent rights owed"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Sealed Air (SEE) disclose about Suzanne Rowland’s Form 4?
Sealed Air (SEE) disclosed that director Suzanne B. Rowland disposed of 23,483 deferred stock units. The units were cancelled at the closing of a merger and converted into cash based on a $42.15 per-share value plus accrued dividend equivalents.
How many Sealed Air stock units were affected in Suzanne Rowland’s filing?
The filing shows 23,483 deferred stock units tied to Sealed Air common stock were disposed of. These units were cancelled at the merger’s effective time and converted into cash rights, leaving Rowland with zero stock units outstanding under this plan after the transaction.
What cash value did Sealed Air’s deferred stock units convert into in this Form 4?
Each deferred stock unit converted into a cash right equal to the number of underlying common shares times $42.15. The amount also included any accrued and unpaid dividends or dividend equivalent rights owed on each stock unit at the merger’s effective time.
Why were Suzanne Rowland’s Sealed Air stock units cancelled?
The stock units were cancelled under the merger terms where Sword Merger Sub, Inc. merged into Sealed Air. At the effective time, each outstanding deferred stock unit was automatically terminated and replaced with a right to receive cash based on the agreed $42.15 per-share value plus dividends.
What was Suzanne Rowland’s stock unit balance after the Sealed Air merger?
After the merger-related transaction, Suzanne Rowland’s reported balance of deferred stock units was zero. The 23,483 units were cancelled at the merger’s effective time and converted into a cash payment right using the $42.15 per-share value plus applicable dividend equivalents.
AI-generated analysis. How Rhea-AI works. Not financial advice.
