ABRAMSON LEIGH J 4
Research Summary
AI-generated summary
Silgan (SLGN) Director Leigh J. Abramson Receives Restricted Stock Award
What Happened
Leigh J. Abramson, a director of Silgan Holdings Inc. (SLGN), received a grant of 3,254 restricted stock units (RSUs) on May 27, 2026. The grant is reported as an award (Form 4 code A). No purchase price or market value was reported in the filing; these RSUs will convert 1-for-1 into common shares upon vesting.
Key Details
- Transaction date: May 27, 2026; Form 4 filed May 29, 2026 (within the typical 2-business-day filing window).
- Transaction type/code: Grant/Award (A).
- Shares/units granted: 3,254 Restricted Stock Units (RSUs).
- Price: N/A (no cash paid by the insider).
- Shares owned after transaction: Not specified in the filing.
- Footnote: RSUs were granted under the Silgan Second Amended & Restated 2004 Stock Incentive Plan and “become fully vested on the date of the next annual meeting of stockholders” and will be settled in common stock on a 1-for-1 basis upon vesting.
Context
RSUs are a form of equity compensation that convert to shares when they vest; they do not represent immediate open-market purchases or sales. Grants to directors are common as part of board compensation and do not by themselves indicate a buy/sell signal.