Form 4: Silgan Holdings Inc. Executive Shawn C. Fabry Reports Stock Transactions
SEC Form 4 Filing
Shawn C. Fabry, SVP of Corporate Development at Silgan Holdings Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 1, 2025, Shawn C. Fabry, SVP of Corporate Development at Silgan Holdings Inc., engaged in transactions involving the company's stock.
- Fabry disposed of 1,528 shares of common stock at a price of $54.
- Fabry also acquired 11,400 shares of common stock.
- Following these transactions, Fabry beneficially owns 41,113 directly held shares of common stock and 52,513 shares including restricted stock units.
- The acquired securities are restricted stock units granted under the Silgan Holdings Inc. Second Amended and Restated 2004 Stock Incentive Plan, vesting ratably over 5 years starting March 1, 2026, and settled in common stock on a 1-for-1 basis.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The restricted stock units will vest ratably over a 5-year period beginning on March 1, 2026, and will be settled in shares of Common Stock on a 1-for-1 basis upon vesting.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Companies like Crown Holdings and Ball Corporation, which are competitors of Silgan Holdings, also have similar filings when their executives trade company stock.
- The vesting schedule of 5 years for restricted stock units is a fairly standard practice in executive compensation packages.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by providing insight into executive sentiment regarding the company's stock.
- The vesting of restricted stock units incentivizes the executive to contribute to the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock transactions (acquisition and disposal) and grant date of restricted stock units. |
| 03/01/2026 | Start date for the ratable vesting of restricted stock units over a 5-year period. |
| 03/04/2025 | Date of signature for the SEC Form 4 filing. |
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