Silgan (NYSE: SLGN) director receives 3,254 restricted stock units in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cleland Nielsen Fiona reported acquisition or exercise transactions in this Form 4 filing.
Silgan Holdings Inc. director Fiona Cleland Nielsen reported an equity grant under the company’s stock incentive plan. She received 3,254 restricted stock units on May 27, 2026, which will vest in full on the date of Silgan’s next annual stockholders’ meeting and then settle into an equal number of common shares. Following this award, she directly holds 8,228 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cleland Nielsen Fiona
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,254 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 8,228 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 3,254 units
Post-transaction holdings: 8,228 shares
Grant price: $0.0000 per share
+2 more
5 metrics
RSUs granted
3,254 units
Restricted stock units granted on May 27, 2026
Post-transaction holdings
8,228 shares
Direct common stock holdings after grant
Grant price
$0.0000 per share
Equity award granted with no cash purchase price
Settlement ratio
1-for-1
Each RSU settles into one share of common stock
Transaction date
May 27, 2026
Date of restricted stock unit grant
Key Terms
restricted stock units, Stock Incentive Plan, vested, 1-for-1 basis
4 terms
restricted stock units financial
"These securities are restricted stock units that were granted on May 27, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Incentive Plan financial
"pursuant to the Silgan Holdings Inc. Second Amended and Restated 2004 Stock Incentive Plan"
A stock incentive plan is a company program that gives employees or directors pieces of ownership or the right to buy shares over time, similar to receiving a bonus paid in company stock instead of cash. Investors pay attention because these plans align staff incentives with long‑term company performance but can also dilute existing shareholders and affect reported profits when grants are expensed, so they influence both ownership percentages and financial results.
vested financial
"and become fully vested on the date of the next annual meeting of stockholders"
1-for-1 basis financial
"These restricted stock units will be settled in shares of Common Stock on a 1-for-1 basis"
FAQ
What did Silgan Holdings (SLGN) director Fiona Cleland Nielsen report on this Form 4?
She reported an equity compensation grant of 3,254 restricted stock units. These units were awarded under Silgan’s stock incentive plan and represent a deferred right to receive common stock once vesting conditions are met.
How many restricted stock units did the SLGN director receive in this transaction?
She received 3,254 restricted stock units. Each unit represents the right to receive one share of Silgan common stock once the award becomes fully vested according to the plan’s terms described in the filing.
When do Fiona Cleland Nielsen’s SLGN restricted stock units vest?
The restricted stock units become fully vested on the date of Silgan Holdings Inc.’s next annual meeting of stockholders. Vesting is time-based and tied specifically to that future stockholder meeting date.
How will the Silgan restricted stock units be settled once vested?
Upon vesting, the restricted stock units will be settled in shares of Silgan common stock on a 1-for-1 basis. This means each unit converts into one share with no cash exercise price required.