Chevrier Philippe 4

What Happened

• Philippe Chevrier, Chief Operating Officer of Silgan Holdings (SLGN), received a grant of 12,200 restricted stock units (RSUs) on March 1, 2026 and, concurrently, 9,737 shares were disposed to cover an exercise price or tax liability. The disposed shares were valued at $47.57 each, totaling $463,189.

Key Details

• Transaction dates: March 1, 2026 (reported on Form 4 filed March 3, 2026). Filing appears timely.
• Grant: 12,200 RSUs granted (acquisition code A). These RSUs have no per-share price reported (typical for awards).
• Withholding/disposal: 9,737 shares disposed at $47.57 (code F — tax withholding/payment), total value $463,189.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: The 12,200 RSUs were granted under Silgan’s 2004 Stock Incentive Plan, vesting ratably over 5 years beginning March 1, 2027, and will be settled 1-for-1 in common stock upon vesting.
  • F2: The filing notes 77,800 RSUs not yet vested that have been granted under Silgan equity plans (these will also settle 1-for-1 upon vesting).
• Transaction codes: A = award/grant; F = disposition to satisfy tax or exercise obligations (common for equity awards).

Context

• This was primarily an equity award (acquisition of RSUs) combined with a routine tax-withholding share disposition. The sale/disposition of 9,737 shares was to satisfy tax/exercise obligations, not an open-market sale for investment purposes. The RSUs vest over multiple years, so the economic benefit to the insider is tied to future vesting.