Silgan (SLGN) awards 9,200 performance stock units to CAO
Rhea-AI Filing Summary
Silgan Holdings reported that SVP & Chief Accounting Officer Kimberly Irene Ulmer acquired 9,200 shares of common stock on a grant/award basis, with no cash paid per share. These shares relate to a performance award of 9,200 restricted stock units granted on March 1, 2025 under Silgan’s stock incentive plan.
The footnotes explain that the 2025 performance criteria were met after the company finalized its audited 2025 financial statements, so the units are no longer subject to cancellation. They vest in equal installments on March 1 of 2026, 2027 and 2028 and will settle 1-for-1 in common stock. After this transaction, Ulmer directly holds 114,521 shares, including 55,206 restricted stock units that remain unvested.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,200 | $0.00 | -- |
Footnotes (1)
- On March 1, 2025, the reporting person was granted a performance award of 9,200 restricted stock units under the Silgan Holdings Inc. Second Amended and Restated 2004 Stock Incentive Plan, subject to the satisfaction of certain performance criteria for the Issuer's 2025 fiscal year. The performance criteria for the Issuer's 2025 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2025. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units vest ratably beginning on March 1, 2026 and on each March 1 thereafter through March 1, 2028 and will be settled in shares of Common Stock on a 1-for-1 basis. This amount includes 55,206 restricted stock units that are not yet vested that have been granted under equity compensation plans of Silgan Holdings Inc. Upon vesting, these restricted stock units will be settled in shares of Common Stock on a 1-for-1 basis.