Form 4: Silgan Holdings Executive Robert Lewis Reports Acquisition of 18,500 Shares

Robert Lewis, EVP at Silgan Holdings, reports acquiring 18,500 shares of common stock following the vesting of restricted stock units.

Summary

• Robert B. Lewis, an executive at Silgan Holdings Inc., filed a Form 4 detailing changes in beneficial ownership.
• On February 28, 2024, Lewis acquired 18,500 shares of Silgan Holdings common stock.
• This acquisition is related to a performance award of restricted stock units granted on May 30, 2023, which vested after the company's 2023 financial results were finalized.
• The restricted stock units vest ratably beginning on March 1, 2024, and continue on each March 1 through March 1, 2026.
• These units will be settled in shares of common stock on a 1-for-1 basis.
• Following the reported transaction, Lewis beneficially owns 197,729 shares of Silgan Holdings common stock, including 68,706 unvested restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock ownership, indicating a neutral sentiment.

Positives

• The vesting of restricted stock units indicates that performance criteria for the Issuer's 2023 fiscal year were met.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The vesting of stock units aligns executive interests with shareholder value.

Key Dates