Form 4: Silgan Holdings Executive Robert Lewis Sells 30,000 Shares

Robert B. Lewis, EVP at Silgan Holdings Inc., sold 30,000 shares of common stock at an average price of $47.0833 on May 10, 2024.

Summary

• On May 10, 2024, Robert B. Lewis, an Executive Vice President at Silgan Holdings Inc. (SLGN), sold 30,000 shares of the company's common stock.
• The sale was executed at an average price of $47.0833 per share.
• Following the transaction, Lewis directly owns 172,133 shares of Silgan Holdings Inc., which includes 53,320 restricted stock units that are not yet vested.
• These restricted stock units will be settled in shares of Common Stock on a 1-for-1 basis upon vesting.

Sentiment

Score: 5

Explanation: This is a routine disclosure of an executive stock sale. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Executive stock sales are a common occurrence and are publicly disclosed to ensure transparency and prevent insider trading. The sale itself doesn't necessarily indicate a negative outlook for the company, as executives may sell shares for various personal financial reasons.

Stakeholder Impact

• The sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.

Key Dates