DONOVAN WILLIAM T 4
Research Summary
AI-generated summary
Silgan (SLGN) Director William T. Donovan Receives RSU Award
What Happened
William T. Donovan, a director of Silgan Holdings Inc. (SLGN), was granted 3,254 restricted stock units (RSUs) on May 27, 2026. The filing shows no purchase price or cash value (N/A) because these are compensatory RSUs that will convert to common shares upon vesting rather than an open‑market transaction.
Key Details
- Transaction date: May 27, 2026 (reported on Form 4 filed May 29, 2026) — filing appears timely.
- Transaction type/code: A — Award/Grant (restricted stock units). Price: N/A.
- Shares granted: 3,254 RSUs; settlement is 1-for-1 into common stock upon vesting.
- Shares owned after transaction: not specified in the provided report.
- Footnote: These RSUs were granted under the Silgan Holdings Second Amended and Restated 2004 Stock Incentive Plan and become fully vested on the date of the next annual meeting of stockholders; they will be settled in shares of common stock on a 1-for-1 basis.
Context
RSU grants to directors are common compensation for board service and are not an immediate buy/sell signal. These RSUs simply represent a future right to receive Silgan common shares if and when they vest; they do not reflect an immediate change in market exposure until settlement.