Silgan Holdings (SLGN) CEO granted 105,000 performance-based RSUs in Form 4
Rhea-AI Filing Summary
Silgan Holdings Inc.'s President and CEO Adam J. Greenlee reported an equity award tied to prior performance. He acquired 105,000 shares of Common Stock at a price of $0.0000 per share through a grant, reflecting the earning of a performance-based award originally granted on March 1, 2025 under the company’s stock incentive plan. The filing notes that 2025 performance criteria were met after finalizing audited 2025 financial statements, so these restricted stock units are no longer subject to cancellation and will vest in equal parts on March 1, 2026, March 1, 2027, and March 1, 2028, settling into Common Stock on a 1-for-1 basis. Following this acquisition, Greenlee directly holds 433,164 shares in total, including 316,793 restricted stock units that are not yet vested.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 105,000 | $0.00 | -- |
Footnotes (1)
- On March 1, 2025, the reporting person was granted a performance award of 105,000 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 316,793 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.