Silgan (NYSE: SLGN) SVP receives 25,000 stock units vesting in 2030
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hutter Alexander G reported acquisition or exercise transactions in this Form 4 filing.
Silgan Holdings senior vice president Alexander G. Hutter reported an equity award tied to 2025 performance. A performance grant of 25,000 restricted stock units is now earned and will vest in full on March 1, 2030, settling 1-for-1 in common shares.
After this grant, his direct holdings total 43,511 shares of common stock, including 42,400 unvested restricted stock units granted under Silgan’s equity compensation plans.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hutter Alexander G
Role
SVP, Strategy and IR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 43,511 shares (Direct)
Footnotes (1)
- On March 1, 2025, the reporting person was granted a performance award of 25,000 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 all at once on March 1, 2030 and will be settled in shares of Common Stock on a 1-for-1 basis. This amount includes 42,400 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 Holdings (SLGN) insider Alexander G. Hutter report on this Form 4?
Alexander G. Hutter reported acquisition of a performance-based equity award of 25,000 restricted stock units. The units were granted under Silgan’s stock incentive plan after 2025 performance criteria were met and are scheduled to vest in 2030, settling in common stock.
How many restricted stock units did the Silgan (SLGN) SVP receive and on what terms?
He received 25,000 restricted stock units under Silgan’s Second Amended and Restated 2004 Stock Incentive Plan. The award became earned after 2025 performance goals were achieved and will vest all at once on March 1, 2030, converting into common shares 1-for-1.
When do Alexander G. Hutter’s new Silgan (SLGN) restricted stock units vest?
The 25,000 performance-based restricted stock units vest in a single tranche on March 1, 2030. At that time, they will be settled in Silgan common stock on a 1-for-1 basis, assuming continued satisfaction of any remaining plan conditions through the vesting date.
Are Alexander G. Hutter’s Silgan (SLGN) restricted stock units already fully earned?
The 25,000 performance-based restricted stock units are no longer subject to cancellation because 2025 performance criteria were met. However, they remain unvested until March 1, 2030, when they are scheduled to vest and be settled in Silgan common stock on a 1-for-1 basis.