Company: SLGN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001193125-25-083646
Chunk: 42

Company: SILGAN HOLDINGS INC
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 42
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 EBIT of our U.S. metal container operations for 2024, then Mr. Snyder would have been entitled to 100%

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of the portion of his bonus payable based upon the achievement of a financial goal by our U.S. metal container operations for 2024 (i.e., 21% of his annual salary). If the actual Adjusted EBIT of our U.S. metal container operations for 2024 was less than 96% (but more than 88%) or greater than 104% (up to 112%) of the budgeted Adjusted EBIT for our U.S. metal container operations for 2024, then the portion of Mr. Snyder’s bonus payable based upon the achievement of a financial goal by our U.S. metal container operations for 2024 would have been adjusted on a pro rata basis on a sliding scale based on the chart below, as follows:

| Percentage of Financial Goal Achieved |     | Percentage of Annual Salary    
 to be Paid as a Bonus Based on 
 Achievement of Financial Goal  |
| 88%                                   |     | 0%                             |
| 96%                                   |     | 21%                            |
| 100%                                  |     | 21%                            |
| 104%                                  |     | 21%                            |
| 112%                                  |     | 42%                            |

The non-financial goals for our U.S. metal container operations for 2024, as approved by the Compensation Committee, were the following:

| • |     | market leadership; |

| • |     | operational leadership; |

| • |     | free cash flow management; |

| • |     | selling, general and administrative cost management; and |

| • |     | financial reporting and controls. |

For the portion of Mr. Snyder’s bonus payable based upon non-financial goals for our U.S. metal container operations (i.e., 30% of his annual target bonus of 30% of his annual salary, or 9% of his annual salary), the Holdings Executives determined the percentage (based on 100%) that such non-financial goals were met and recommended such percentage to the Compensation Committee for their approval. The approved percentage is then multiplied by such portion of the target bonus payable based upon non-financial goals and such amount is added to the amount of the bonus payable for the financial goal to determine the total bonus payable for 2024. In 2024,