Form 4: Silgan Holdings Officer's Performance RSUs Vest

Kimberly Irene Ulmer, SVP & Chief Accounting Officer at Silgan Holdings Inc., reported the vesting of 9,200 performance-based restricted stock units.

Summary

• Kimberly Irene Ulmer, SVP & Chief Accounting Officer of Silgan Holdings Inc. (SLGN), reported a change in beneficial ownership.
• On February 26, 2026, 9,200 restricted stock units (RSUs) were no longer subject to cancellation.
• These RSUs were granted on March 1, 2025, under the company's Second Amended and Restated 2004 Stock Incentive Plan.
• The performance criteria for Silgan Holdings Inc.'s 2025 fiscal year were determined to have been met upon finalization of the audited financial statements for 2025.
• Following this transaction, Ulmer beneficially owns 114,521 shares, which includes 55,206 unvested restricted stock units.
• The 9,200 RSUs will vest ratably beginning March 1, 2026, and on each March 1 thereafter through March 1, 2028, settling in shares of Common Stock on a 1-for-1 basis.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine, slightly positive event, indicating that the company met its performance targets for the 2025 fiscal year, leading to the vesting of executive compensation.

Positives

• Performance criteria for the 2025 fiscal year were met, leading to the vesting of 9,200 restricted stock units.
• The grant demonstrates alignment of executive incentives with company performance.

Future Outlook

The 9,200 restricted stock units will vest ratably beginning March 1, 2026, and annually thereafter through March 1, 2028, settling in shares of Common Stock on a 1-for-1 basis, indicating a future increase in the reporting person's direct share ownership.

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one detailing the vesting of performance-based restricted stock units for an executive, are common disclosures in the corporate landscape. They reflect standard executive compensation practices designed to align management incentives with shareholder value creation, particularly when performance targets are met.

Comparison to Industry Standards

• This filing details a standard executive compensation event, specifically the vesting of performance-based restricted stock units, which is a common practice across publicly traded companies.
• Companies like PepsiCo (PEP) and Coca-Cola (KO) frequently use similar long-term incentive plans, including RSUs tied to financial performance metrics, to retain and motivate key executives.
• The structure of vesting over several years (March 1, 2026, through March 1, 2028) is consistent with typical industry practices for executive retention and long-term alignment.

Stakeholder Impact

• Shareholders: The vesting of performance-based RSUs indicates that company performance targets were met, which is generally positive for shareholders. It also represents a minor dilution upon settlement, though this is a standard part of equity compensation plans.
• Employees: This filing specifically relates to executive compensation and does not directly impact the broader employee base, though it reflects the company's compensation philosophy.
• Reporting Person (Kimberly Irene Ulmer): Her beneficial ownership of company stock will increase as the RSUs vest, aligning her interests further with the company's long-term success.

Next Steps

• The 9,200 restricted stock units will vest ratably beginning March 1, 2026, and on each March 1 thereafter through March 1, 2028.
• Upon vesting, these units will be settled in shares of Common Stock on a 1-for-1 basis.

Key Dates

Keywords

Silgan Holdings, SLGN, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Kimberly Ulmer, Stock Incentive Plan, Beneficial Ownership