Silgan (SLGN) EVP awarded 15,500 RSUs as 8,736 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silgan Holdings executive Frank W. Hogan III reported equity compensation activity and related tax withholding in company stock. He had 8,736 shares of Common Stock disposed of in a tax-withholding transaction at $47.57 per share. On the same date, he acquired 15,500 restricted stock units as a grant under Silgan’s Second Amended and Restated 2004 Stock Incentive Plan.
The new restricted stock units vest in equal installments over five years beginning on March 1, 2027 and will be settled in Silgan Common Stock on a 1-for-1 basis as they vest. After these transactions, he directly owned 319,720 shares of Common Stock, which includes 53,214 unvested restricted stock units that will also settle into shares on a 1-for-1 basis upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
HOGAN FRANK W III
Role
EVP, Gen. Counsel & Sec.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 8,736 | $47.57 | $416K |
| Grant/Award | Common Stock | 15,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 304,220 shares (Direct)
Footnotes (1)
- These securities are restricted stock units that were granted on March 1, 2026 under the Silgan Holdings Inc. Second Amended and Restated 2004 Stock Incentive Plan. These restricted stock units vest ratably over a 5 year period beginning on March 1, 2027 and will be settled in shares of Common Stock on a 1-for-1 basis upon vesting. This amount includes 53,214 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 did Silgan (SLGN) executive Frank W. Hogan III report in this Form 4?
Frank W. Hogan III reported a tax-withholding disposition and a new equity grant. 8,736 shares were withheld to cover taxes, and he received 15,500 restricted stock units that will convert into Common Stock as they vest over five years.
What equity award did Frank W. Hogan III receive from Silgan (SLGN)?
He received a grant of 15,500 restricted stock units on March 1, 2026 under Silgan’s Second Amended and Restated 2004 Stock Incentive Plan. These units vest ratably over five years and are settled in Common Stock on a 1-for-1 basis upon vesting.
When do the new Silgan (SLGN) restricted stock units for Frank W. Hogan III vest?
The 15,500 restricted stock units begin vesting on March 1, 2027. They vest in equal installments over a five-year period, with each vested portion settled in Silgan Common Stock on a 1-for-1 basis at each vesting date.
Are Frank W. Hogan III’s Silgan (SLGN) transactions open-market buys or sells?
The filing shows no open-market buys or sells. One transaction was a tax-withholding disposition of 8,736 shares, and the other was a grant of 15,500 restricted stock units awarded under Silgan’s equity compensation plan.