Form 4: Silgan Holdings SVP & CFO Kimberly Ulmer Acquires 25,000 Shares of Common Stock

Kimberly Ulmer, SVP & CFO of Silgan Holdings, reports the acquisition of 25,000 shares of common stock following the vesting of restricted stock units.

Summary

• On February 28, 2024, Kimberly Ulmer, SVP & CFO of Silgan Holdings Inc., acquired 25,000 shares of common stock.
• This acquisition resulted from the vesting of restricted stock units granted on May 30, 2023, under the company's stock incentive plan.
• The performance criteria for the 2023 fiscal year were met, leading to the vesting of these units.
• The restricted stock units vest ratably beginning on March 1, 2024, and continue on each March 1 through March 1, 2026.
• These units will be settled in shares of Common Stock on a 1-for-1 basis.
• Following the transaction, Ulmer directly owns 76,014 shares of Silgan Holdings Inc.
• This amount includes 38,360 restricted stock units that are not yet vested.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as the vesting of stock units suggests the company met its performance targets, and the executive's increased ownership aligns interests with shareholders.

Positives

• The vesting of restricted stock units indicates that the company met its performance criteria for the 2023 fiscal year.
• The acquisition of shares by a key executive can be seen as a positive sign of confidence in the company's future performance.

Industry Context

Executive stock ownership is a common practice in publicly traded companies and is often used to align the interests of management with those of shareholders.

Stakeholder Impact

• The increased stock ownership by a key executive could positively influence shareholder confidence.
• Employees may view the vesting of stock units as a sign of the company's success.

Key Dates