Company: SLGN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001193125-25-083646
Chunk: 43

Company: SILGAN HOLDINGS INC
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 43
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 our U.S. metal container operations achieved 85.6% of its budgeted Adjusted EBIT and 100% of its non-financial goals. Accordingly, the bonus amount payable to Mr. Snyder for 2024 based upon the achievement of a financial goal by our U.S metal container operations in 2024 was 0% of his annual salary received in 2024 in accordance with the chart above. The bonus amount payable to Mr. Snyder for 2024 based upon the achievement of non-financial goals by our U.S metal container operations in 2024 was 9% of his annual salary received in 2024, calculated as follows: 100% x 9% = 9% Therefore, Mr. Snyder’s bonus for 2024 was the sum of the percentage payable for the financial goal and the percentage payable for the non-financial goals, or 9% (0% plus 9%) of his annual salary received in 2024 (which equates to 30% of his annual target bonus of 30% of his annual salary received in 2024). Equity Based Compensation The Compensation Committee provides equity based compensation to executive officers of the Company and its subsidiaries through awards that achieve the Compensation Committee’s objectives of attracting and retaining officers and other key employees and aligning their interests with those of the stockholders of the Company. The purpose of the Company’s equity based compensation plans (including the Stock Incentive Plan), or the Plans, is to promote the long-term success of the Company and the creation of stockholder value by (i) encouraging the attraction and retention of directors and officers and other key employees and (ii) linking directors and officers and other key employees of the Company directly to stockholder interests through stock ownership and appreciation. 27

The Compensation Committee is responsible for administering the Plans, including determining recipients of awards, approving awards, setting the terms and conditions of awards, and interpreting and prescribing rules for administering the Plans. The Stock Incentive Plan allows the Compensation Committee to grant awards of stock options, stock appreciation rights, restricted stock, restricted stock units and performance awards.

From 2005 to 2024, the Compensation Committee granted only restricted stock units and performance awards for restricted stock units under the Plans. At this time, the Compensation Committee has determined to grant only restricted stock units and performance awards for restricted stock units because it believes that restricted stock units are more closely linked to ownership of stock as compared to stock options and stock appreciation rights, thereby aligning the interests