Form 4: Silgan Holdings Director Allott Acquires Shares Following Performance Award Vesting

Director Anthony J. Allott of Silgan Holdings Inc. reports acquisition of 2,748 shares of common stock following the vesting of a performance-based restricted stock unit award.

Summary

• On February 28, 2024, Anthony J. Allott, a director at Silgan Holdings Inc., acquired 2,748 shares of common stock.
• This acquisition resulted from the vesting of a performance award of restricted stock units granted on May 30, 2023, under the company's stock incentive plan.
• The performance criteria for the 2023 fiscal year were met, leading to the vesting of these units.
• These restricted stock units will vest on May 31, 2024, and will be settled in shares of Common Stock on a 1-for-1 basis.
• Following the transaction, Allott beneficially owns 577,187 shares of Silgan Holdings Inc., which includes 72,908 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation. The vesting of performance-based awards suggests the company met its performance targets, which is mildly positive.

Positives

• The vesting of the performance award indicates that Silgan Holdings Inc. met its performance criteria for the 2023 fiscal year.

Future Outlook

The restricted stock units will vest on May 31, 2024, and be settled in shares of Common Stock on a 1-for-1 basis.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the alignment of executive incentives with company performance.

Stakeholder Impact

• The vesting of restricted stock units aligns management's interests with those of shareholders, potentially encouraging value creation.

Key Dates