Company: SLGN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001193125-25-083646
Chunk: 47

Company: SILGAN HOLDINGS INC
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 47
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, which, since the Company attained the applicable performance criteria for 2022, vest all at once on March 1, 2027. In May 2023, on the basis described in this paragraph, Messrs. Greenlee, Lewis and Hogan and Ms. Ulmer were granted performance awards for 70,000, 18,500, 10,500 and 25,000 restricted stock units, respectively, which, since the Company attained the applicable performance criteria for these grants, vest ratably over a three year period beginning March 1, 2024. In May 2023, on the basis described in this paragraph, Mr. Snyder was granted a performance award for 8,000 restricted stock units, which, since the Company attained the applicable performance criteria for this grant, vests all at once on March 1, 2027. In March 2024, on the basis described in this paragraph, Messrs. Greenlee, Lewis and Hogan and Ms. Ulmer were granted performance awards for 66,000, 25,000, 17,000 and 6,500 restricted stock units, respectively, which, since the Company attained the applicable performance criteria for 2024, vest ratably over a three year period from the date of grant. The Compensation Committee views all these performance awards as additional compensation for the applicable individual spread evenly over the entire vesting period, rather than being entirely allocated to the year of grant (as required under SEC reporting rules).

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For example, in the case of Mr. Greenlee, the Compensation Committee views the compensation attributable to the performance award of 47,000 restricted stock units granted to him on March 1, 2022 over the three-year vesting period of such performance award, the compensation attributable to the performance award of 66,300 restricted stock units granted to him on March 1, 2022 over the five-year vesting period of such performance award, the compensation attributable to the performance award of 70,000 restricted stock units granted to him on May 30, 2023 over the three-year vesting period of such performance award, and the compensation attributable to the performance award of 66,000 restricted stock units granted to him on March 1, 2024 over the three-year vesting period of such performance award. Therefore, the Compensation Committee allocates the compensation attributable to such awards equally over each year of the applicable vesting period as opposed to all