Company: SLGN
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001193125-25-083646
Chunk: 39

Company: SILGAN HOLDINGS INC
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 39
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 budgeted net income before interest and taxes and rationalization charges, the foreign currency impact from certain intercompany agreements, the impact from any foreign currency devaluations, costs attributed to announced acquisitions, other pension income (expense) for U.S. pension plans and acquired intangible asset amortization expense and subject to further adjustment as determined by the Compensation Committee for unusual gains, unusual losses, unusual business impacts and acquisitions and/or divestitures completed during 2024 (Adjusted EBIT). The budgeted Adjusted EBIT for 2024 of the Company was compared to the actual Adjusted EBIT for 2024 of the Company. If the actual Adjusted EBIT of the Company for 2024 was between 96% and 104% of the budgeted Adjusted EBIT of the Company for 2024, then Ms. Ulmer would have been entitled to 100% of the portion of her bonus payable based upon the achievement of a financial goal (i.e., 37.5% of her annual salary). If the actual Adjusted EBIT of the Company for 2024 was less than 96% (but more than 88%) or greater than 104% (up to 112%) of the budgeted Adjusted EBIT for 2024, then Ms. Ulmer’s bonus 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%                             |
| 92%                                   |     | 18.75%                         |
| 96%                                   |     | 37.5%                          |
| 100%                                  |     | 37.5%                          |
| 104%                                  |     | 37.5%                          |
| 112%                                  |     | 75%                            |

The non-financial goals for the Company for 2024, as approved by the Compensation Committee, consisted of certain corporate initiatives and certain other initiatives for corporate development, finance, tax, legal and investor relations. For the portion of Ms. Ulmer’s bonus payable based upon non-financial goals for the Company (i.e., 25% of her annual target bonus of 50% of her annual salary, or 12.5% of her annual salary), the Holdings Executives determined the percentage (based on