other material
confidence high
sentiment neutral
materiality 0.35
Silgan Holdings approves amended stock plan, rescinds awards due to plan expiration
SILGAN HOLDINGS INC
- Board approved Second Amended and Restated 2004 Stock Incentive Plan to replace the Prior Plan that expired Dec 31, 2022.
- New plan is substantially similar with same share count; requires stockholder approval at 2023 annual meeting.
- Compensation Committee rescinded awards to named executive officers that were approved Feb 22 under the expired Prior Plan.
- Rescission occurred because the Prior Plan had expired before the award approval date.