Adam J. Greenlee - Feb 22, 2023 Form 4 Insider Report for SILGAN HOLDINGS INC (SLGN)

Role
President and CEO, Director
Signature
/s/ Adam J. Greenlee
Stock symbol
SLGN
Transactions as of
Feb 22, 2023
Transactions value $
$0
Form type
4
Date filed
2/24/2023, 03:05 PM
Previous filing
Feb 10, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLGN Common Stock Award +47K +24.96% 235K Feb 22, 2023 Direct F1
transaction SLGN Common Stock Award +66.3K +28.17% 302K Feb 22, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 1, 2022, the reporting person was granted 47,000 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 2022 fiscal year. The performance criteria for the Issuer's 2022 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2022. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units vest ratably over a 3 year period beginning on March 1, 2023 and will be settled in shares of Common Stock on a 1-for-1 basis.
F2 On March 1, 2022, the reporting person was granted 66,300 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 2022 fiscal year. The performance criteria for the Issuer's 2022 fiscal year was determined to have been met upon the finalization of the Issuer's audited financial statements for 2022. Accordingly, these restricted stock units are no longer subject to cancellation. These restricted stock units vest ratably over a 5 year period beginning on March 1, 2023 and will be settled in shares of Common Stock on a 1-for-1 basis.
F3 This amount includes 193,634 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.