Chevrier Philippe 4

What Happened

• Philippe Chevrier, Chief Operating Officer of Silgan Holdings Inc. (SLGN), was credited with 48,000 restricted stock units (RSUs) reported on 2026-02-26 as an award/acquisition. The RSUs were originally granted on March 1, 2025 as a performance award and the issuer determined the 2025 performance criteria were met, so the award is no longer subject to cancellation. No purchase price was paid (price = N/A); settlement will be in Silgan common shares on a 1-for-1 basis as the RSUs vest.

Key Details

• Transaction date: 2026-02-26 (report filed 2026-02-27).
• Grant/original award date: March 1, 2025; performance criteria for FY2025 were met upon final audited financials.
• Vesting schedule: RSUs vest ratably beginning March 1, 2026 and on each March 1 thereafter through March 1, 2028 (settled 1-for-1 in common stock).
• Price/consideration: N/A (award; no cash purchase).
• Additional unvested awards: Filing notes 90,000 other restricted stock units not yet vested that will also settle 1-for-1 upon vesting.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing appears timely (filed the business day after the reported transaction date).

Context

• These are performance-based RSUs, not an open-market buy or sale. They do not result in immediate tradable shares until vested and settled, and their ultimate dollar value depends on Silgan’s share price at settlement.
• Such awards indicate the company’s performance goals were met for the relevant fiscal year but are not a direct buy/sell signal by the insider.