Silgan Holdings (SLGN) EVP earns 8,800 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silgan Holdings Inc. executive vice president and general counsel Frank W. Hogan III reported an equity award tied to earlier performance-based restricted stock units. The filing shows 8,800 restricted stock units earned after 2025 performance criteria were met, to be settled 1-for-1 in common shares. These units vest in equal installments on March 1, 2026, March 1, 2027, and March 1, 2028. After this grant/award acquisition, Hogan beneficially owns 312,956 shares of common stock, including 59,793 restricted stock units that are not yet vested.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOGAN FRANK W III
Role
EVP, Gen. Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,800 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 312,956 shares (Direct)
Footnotes (1)
- On March 1, 2025, the reporting person was granted a performance award of 8,800 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 59,793 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.
FAQ
What insider transaction did Silgan Holdings (SLGN) report in this Form 4?
Silgan Holdings reported that executive vice president and general counsel Frank W. Hogan III acquired 8,800 performance-based restricted stock units. These units were earned after 2025 performance criteria were met and will be settled in common stock on a 1-for-1 basis upon vesting.
What is the size and nature of the equity award reported for Silgan (SLGN) EVP Hogan?
The filing shows a grant or award acquisition of 8,800 restricted stock units for Frank W. Hogan III. These were originally granted as a performance award for Silgan’s 2025 fiscal year and became non-cancellable once the company’s 2025 audited financial statements confirmed the performance criteria.
What is the vesting schedule for the 8,800 restricted stock units at Silgan (SLGN)?
The 8,800 restricted stock units vest ratably over three years. They begin vesting on March 1, 2026, and then on each March 1 through March 1, 2028. Upon vesting, each unit will be settled in one share of Silgan common stock.
Are the reported Silgan (SLGN) restricted stock units an open-market purchase or a compensation grant?
The transaction is a compensation-related grant or award acquisition, not an open-market stock purchase. The restricted stock units were granted under Silgan’s equity incentive plan and became earned after 2025 performance goals were met, with no purchase price per share reported.