Company: SLGN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049324
Chunk: 25

Company: SILGAN HOLDINGS INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
ES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Information at September 30, 2025 and 2024 and for thethree and nine months then ended is unaudited)

Note 11.               Income Taxes

Silgan and its subsidiaries file U.S. Federal income tax returns, as well as income tax returns in various states and foreign jurisdictions. The Internal Revenue Service, or IRS, has completed its review of the 2023 tax year with no change to our filed federal income tax return. We have been accepted into the Compliance Assurance Process program for the 2024 and 2025 tax years which provides for the review by the IRS of tax matters relating to our tax return prior to filing. 

Note 12.               Treasury Stock

On March 4, 2022, our Board of Directors authorized the repurchase by us of up to an aggregate of $300.0 million of our common stock by various means from time to time through and including December 31, 2026. During the nine months ended September 30, 2025, we repurchased an aggregate of 1,325,165 shares of our common stock at an average price per share of $44.72, for a total purchase price of $59.3 million. At September 30, 2025, we had approximately $34.0 million remaining under this authorization for the repurchase of our common stock. During the first nine months of 2025, we issued 325,808 treasury shares which had an average cost of $3.20 per share for restricted stock units that vested during the period that had been previously issued under our stock-based compensation plans. In accordance with the applicable agreements for such restricted stock units, we repurchased 127,278 shares of our common stock at an average cost of $54.00 to satisfy minimum employee withholding tax requirements resulting from the vesting of such restricted stock units.We account for treasury shares using the first-in, first-out (FIFO) cost method. As of September 30, 2025, 69,444,481 shares of our common stock were held in treasury.

Note 13.             Stock-Based Compensation

We currently have one stock-based compensation plan in effect under which we have issued restricted stock units to our officers, other key employees and outside directors. During the first nine months of 2025, 797,234 restricted stock units were granted to certain of our