Form 4: Silgan Holdings Inc. Executive Shawn C. Fabry Reports Stock Transactions

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, 2024, Shawn C. Fabry, SVP of Corporate Development at Silgan Holdings Inc., engaged in transactions involving the company's common stock.
• Fabry disposed of 1,741 shares of common stock at a price of $43.905 per share.
• Fabry also acquired 9,200 shares of common stock.
• Following these transactions, Fabry beneficially owns 33,441 shares of common stock directly and 42,641 shares including restricted stock units.
• The acquired shares are restricted stock units granted on March 1, 2024, under the company's stock incentive plan, vesting ratably over five years starting March 1, 2025, and settled in common stock on a 1-for-1 basis.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The granting of restricted stock units to executives aligns their interests with the long-term performance of the company.

Future Outlook

The restricted stock units will vest ratably over a 5-year period beginning on March 1, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.

Key Dates