Form 4: Silgan Holdings Inc. Executive Daniel Patrick Murphy Reports Stock Transactions

Daniel Patrick Murphy, VP, Controller & Treasurer of Silgan Holdings Inc., reports acquisition and disposal of common stock and grant of restricted stock units.

Summary

• On March 1, 2024, Daniel Patrick Murphy, VP, Controller & Treasurer of Silgan Holdings Inc., reported transactions involving Silgan Holdings Inc. common stock.
• Murphy disposed of 900 shares at a price of $43.905 per share.
• Murphy also acquired 4,400 shares in the form of restricted stock units.
• Following these transactions, Murphy beneficially owns 19,621 shares directly and 24,021 shares including unvested restricted stock units.
• The restricted stock units vest ratably over a 5-year period beginning on March 1, 2025, and will be settled in shares of Common Stock on a 1-for-1 basis upon vesting.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions by an executive. The grant of restricted stock units is a positive sign, but the disposal of shares is a neutral event.

Positives

• The grant of 4,400 restricted stock units to a key executive suggests a long-term incentive and alignment with company performance.

Future Outlook

The restricted stock units vest ratably over a 5-year period beginning on March 1, 2025, indicating a long-term incentive structure for the executive.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding executive compensation and alignment with company goals.

Key Dates