Jay A. Martin - Feb 23, 2022 Form 4 Insider Report for SILGAN HOLDINGS INC (SLGN)

Signature
/s/ Jay A. Martin
Stock symbol
SLGN
Transactions as of
Feb 23, 2022
Transactions value $
$0
Form type
4
Date filed
2/25/2022, 03:25 PM
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLGN Common Stock Award +10K +7.04% 152K Feb 23, 2022 Direct F1
transaction SLGN Common Stock Award +42K +27.61% 194K Feb 23, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 2, 2020, the reporting person was granted 10,000 restricted stock units under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, as amended, subject to the satisfaction of certain performance criteria for the Issuer's 2021 fiscal year. The performance criteria for the Issuer's 2021 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2021. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units will vest all at once on March 1, 2024 and will be settled in shares of Common Stock on a 1-for-1 basis.
F2 On November 5, 2020, the reporting person was granted 42,000 restricted stock units under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, as amended, subject to the satisfaction of certain performance criteria for the Issuer's 2021 fiscal year. The performance criteria for the Issuer's 2021 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2021. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units will vest all at once on March 1, 2024 and will be settled in shares of Common Stock on a 1-for-1 basis.
F3 This amount includes 120,360 restricted stock units that are not yet vested that have been granted under the Silgan Holdings Inc. Amended and Restated 2004 Stock Incentive Plan, as amended. Upon vesting, these restricted stock units will be settled in shares of Common Stock on a 1-for-1 basis.