HOGAN FRANK W III 4
Research Summary
AI-generated summary
Silgan (SLGN) EVP Frank W. Hogan III Receives RSU Award
What Happened
- Frank W. Hogan III, EVP, General Counsel & Secretary of Silgan Holdings (SLGN), was credited with 8,800 restricted stock units (RSUs) on 2026-02-26. This was a performance award originally granted on March 1, 2025 that became non-forfeitable once the company’s audited 2025 financials confirmed the performance criteria.
- No cash was paid and no share price is reported (award/ acquisition, price: N/A). The RSUs will settle 1-for-1 into common shares as they vest.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely).
- Award type/code: A (grant/award).
- Vesting: Ratably beginning March 1, 2026 and on each March 1 thereafter through March 1, 2028.
- Settlement: Each vested RSU converts to one share of common stock on a 1-for-1 basis.
- Holdings note: Filing discloses 59,793 restricted stock units that are not yet vested under Silgan plans (per footnote).
- Price/value: Not applicable for the grant (no per-share price or total dollar value reported).
Context
- This is an equity compensation award (performance-based RSUs), not an open-market purchase or sale. Such awards are common for executives and will only affect share count as the RSUs vest and are converted into shares.
- Because the award was tied to company performance and later certified by audited results, it moved from contingent to vested-status (subject to future vesting dates), but it does not by itself indicate buying or selling sentiment.