Silgan Holdings (SLGN) director receives 3,254 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DONOVAN WILLIAM T reported acquisition or exercise transactions in this Form 4 filing.
Silgan Holdings director William T. Donovan received an equity award of 3,254 restricted stock units on May 27, 2026. The units were granted under the company’s stock incentive plan at no cash cost and will vest in full on the date of the next annual stockholders’ meeting, then settle 1-for-1 in common shares. Following this grant, Donovan directly holds 31,940 shares of Silgan common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DONOVAN WILLIAM T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,254 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,940 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 3,254 restricted stock units
Post-transaction holdings: 31,940 shares
Grant price: $0.00 per unit
+1 more
4 metrics
RSU grant size
3,254 restricted stock units
Granted to director on May 27, 2026
Post-transaction holdings
31,940 shares
Common stock directly held after grant
Grant price
$0.00 per unit
Non-cash equity compensation
Settlement ratio
1-for-1 into common stock
RSUs settle in shares upon vesting
Key Terms
restricted stock units, stock incentive plan, vested, settled in shares
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"
FAQ
What insider transaction did Silgan Holdings (SLGN) report for William T. Donovan?
Silgan Holdings reported that director William T. Donovan received an award of 3,254 restricted stock units on May 27, 2026. These units were granted as equity compensation under the company’s stock incentive plan, not through an open-market purchase of common stock.
What are the terms of the 3,254 restricted stock units granted by Silgan (SLGN)?
The 3,254 restricted stock units granted to William T. Donovan vest in full on the date of Silgan’s next annual stockholders’ meeting. Once vested, each restricted stock unit will be settled in one share of Silgan common stock, providing equity compensation aligned with shareholder interests.
Was cash paid for the Silgan (SLGN) restricted stock units granted to William T. Donovan?
No cash was paid for this award; the restricted stock units were granted at a reported price of $0.00 per unit. They represent non-cash equity compensation under Silgan’s Second Amended and Restated 2004 Stock Incentive Plan, as amended, rather than a market purchase transaction.
When will the Silgan (SLGN) restricted stock units to William T. Donovan vest?
The restricted stock units granted to William T. Donovan will become fully vested on the date of Silgan Holdings Inc.’s next annual meeting of stockholders. At that time, the vested units will be settled in shares of common stock on a one-for-one basis according to the plan terms.