STOCK TITAN

Silgan Holdings (SLGN) Form 144 Filed for 11,000 Shares via FSC Securities

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 filed for Silgan Holdings Inc. (SLGN) announcing a proposed sale of 11,000 shares of common stock through FSC Securities Corporation on the NYSE, with an aggregate market value of $501,710 and approximately 106,993,180 shares outstanding. The shares were acquired on 03/01/2024 upon settlement of vested restricted stock units granted under the issuer's employee plan, settled 1-for-1 in shares with no cash payment. The filer reports no securities sold in the past three months and includes the standard representation that they are unaware of undisclosed material adverse information about the issuer.

Positive

  • Clear disclosure of the proposed sale amount (11,000 shares) and aggregate market value ($501,710)
  • Acquisition source specified: shares were received from settlement of vested restricted stock units on 03/01/2024
  • Broker identified for the sale: FSC Securities Corporation, and the intended exchange: NYSE
  • No sales in prior three months reported for the selling person

Negative

  • None.

Insights

TL;DR: Routine insider sale disclosure of RSU-settled shares; appears compliant with Rule 144 requirements.

The filing documents a single proposed sale of 11,000 shares by a person who received the shares upon vesting of restricted stock units on 03/01/2024. The use of a broker, FSC Securities Corporation, and the inclusion of acquisition and payment details align with Form 144 disclosure requirements. The filing also states there were no sales in the prior three months and contains the attestation regarding material nonpublic information, which is a required signature representation.

TL;DR: Shares originated from RSU settlement; transaction timing and settlement mechanics are explicitly stated.

The document clearly identifies the origin of the shares as settlement of vested restricted stock units under the issuer's plan, settled on a 1-for-1 basis without cash consideration on 03/01/2024. This clarifies the nature of acquisition for tax and reporting purposes and supports the filer’s right to sell under Rule 144. No other recent disposals are reported.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the SLGN Form 144 disclose about the number of shares to be sold?

The filing discloses a proposed sale of 11,000 shares of Silgan Holdings Inc. common stock.

When were the shares in the SLGN Form 144 acquired and how?

The 11,000 shares were acquired on 03/01/2024 upon settlement of vested restricted stock units, settled 1-for-1 in shares with no cash payment.

What is the aggregate market value and outstanding shares reported in the SLGN Form 144?

The aggregate market value is reported as $501,710 and the number of shares outstanding is 106,993,180.

Which broker and exchange are named in the SLGN Form 144 for the proposed sale?

The broker named is FSC Securities Corporation and the sale is to occur on the NYSE.

Did the filer report any securities sold in the past three months in the SLGN Form 144?

The filing states Nothing to Report for securities sold during the past three months by the person for whose account the securities are to be sold.