R. Philip Silver Reports 12 Shares of Silgan Holdings Inc.
Ticker: SLGN · Form: SC 13G · Filed: Feb 12, 2024
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, minor-stake, 13G-amendment
TL;DR
**R. Philip Silver owns a tiny, insignificant amount of Silgan Holdings stock.**
AI Summary
R. Philip Silver, a reporting person, filed an Amendment No. 21 to Schedule 13G on February 12, 2024, indicating his beneficial ownership of 12 shares of Silgan Holdings Inc. common stock as of December 31, 2023. This filing, under Rule 13d-1(d), shows a minimal, almost negligible, stake in the company. For investors, this filing primarily confirms that R. Philip Silver is not a significant shareholder and his ownership has no material impact on the company's control or stock performance.
Why It Matters
This filing shows a very small, non-influential ownership stake by R. Philip Silver, meaning it has no practical impact on Silgan Holdings Inc.'s operations or stock value.
Risk Assessment
Risk Level: low — The filing indicates an extremely small ownership stake, posing no material risk or opportunity for investors.
Analyst Insight
Smart investors would recognize this filing as non-material due to the extremely small share count and would not base any investment decisions on it.
Key Numbers
- 12 — Shares Beneficially Owned (R. Philip Silver's total shares in Silgan Holdings Inc.)
- December 31, 2023 — Date of Event (The date for which the ownership information is reported.)
- February 12, 2024 — Filing Date (The date the SC 13G Amendment No. 21 was filed.)
Key Players & Entities
- R. Philip Silver (person) — reporting person
- Silgan Holdings Inc. (company) — subject company
- Silver & Horrigan Group (company) — filer's associated group
- 12 (dollar_amount) — shares beneficially owned
Forward-Looking Statements
- R. Philip Silver's ownership will remain negligible and will not influence Silgan Holdings Inc.'s corporate governance or stock price. (Silgan Holdings Inc.) — high confidence, target: Next 12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is R. Philip Silver, as stated in 'Names of Reporting Persons' on Page 2 of 9.
What is the subject company of this filing?
The subject company is Silgan Holdings Inc., as identified in the 'Name of Issuer' section of the Schedule 13G.
How many shares of Silgan Holdings Inc. does R. Philip Silver beneficially own?
R. Philip Silver beneficially owns 12 shares of Silgan Holdings Inc., as indicated under 'Sole Voting Power' on Page 2 of 9.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the 'Date of Event Which Requires Filing of this Statement' section.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(d), as indicated by the checked box in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Stats: 1,624 words · 6 min read · ~5 pages · Grade level 9.3 · Accepted 2024-02-12 16:31:04
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 Par Value (Title of Class of Securitie
Filing Documents
- schedule13g-2023.htm (SC 13G) — 149KB
- 0001167181-24-000002.txt ( ) — 150KB
(a) Name of Issuer Silgan Holdings Inc
Item 1(a) Name of Issuer Silgan Holdings Inc.
(b) Address of Issuer's Principal Executive Offices
Item 1(b) Address of Issuer's Principal Executive Offices 4 Landmark Square Suite 400 Stamford, CT 06901
(a) Name of Person Filing
Item 2(a) Name of Person Filing This statement is filed on behalf of the persons identified below. In accordance with Rule 13d-1(k)(1) under the Act, each person filing this statement acknowledges that he is responsible for the completeness and accuracy of the information concerning him but is not responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless he knows or has reason to believe that such information is inaccurate. R. Philip Silver D. Greg Horrigan
(b) Address of Principal Business Office or, if none, Residence
Item 2(b) Address of Principal Business Office or, if none, Residence The business address of R. Philip Silver is co Silgan Holdings Inc., 4 Landmark Square, Suite 400, Stamford, Connecticut 06901. The business address of D. Greg Horrigan is co Silgan Holdings Inc., 4 Landmark Square, Suite 400, Stamford, Connecticut 06901.
(c) Citizenship Each of the persons filing this statement is a United States citizen
Item 2(c) Citizenship Each of the persons filing this statement is a United States citizen.
(d) Title of Class of Securities Common Stock
Item 2(d) Title of Class of Securities Common Stock
(e) CUSIP Number 827048 10 9
Item 2(e) CUSIP Number 827048 10 9 Item 3. If this statement is filed pursuant to section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a (a) Broker or dealer registered under Section 15 of the Act (b) Bank as defined in Section 3(a)(6) of the Act (c) Insurance company as defined in Section 3(a)(19) of the Act (d) Investment company registered under Section 8 of the Investment Company Act of 1940 4 (e) An investment adviser in accordance with section 240.13d-1(b)(1)(ii)(E) (f) An employee benefit plan or endowment fund in accordance with section 240.13d-1(b)(1)(ii)(F) (g) A parent holding company or control person in accordance with section 240.13d-1(b)(1)(ii)(G) (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (j) A non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J) (k) Group, in accordance with section 240.13d-1(b)(1)(ii)(K). If filing is a non-U.S. institution in accordance with section 240.13d-1(b)(1)(ii)(J), please specify the type of institution ____________________. Not applicable.
Ownership
Item 4. Ownership. (a) Amount beneficially owned As of December 31, 2023, Mr. Silver may be deemed to be the beneficial owner of 12,574,773 shares of Common Stock. This amount consists of (i) 61,411 shares of Common Stock owned directly by Mr. Silver over which he has sole voting and dispositive power (ii) 12,144,274 shares of Common Stock owned by a family revocable trust of which Mr. Silver is the trustee with sole voting and dispositive power, and (iii) 369,088 shares of Common Stock owned by family trusts of which Mr. Silver is the investment trustee with sole voting and dispositive power but with no pecuniary interest therein. 5 As of December 31, 2023, Mr. Horrigan may be deemed to be the beneficial owner of 11,831,236 shares of Common Stock. This amount consists of (i) 26,813 shares of Common Stock owned directly by Mr. Horrigan over which he has sole voting and dispositive power (ii) 34,634 shares of Common Stock owned by a family trust of which Mr. Horrigan is the trustee with sole voting and dispositive power (iii) 8,783,749 shares of Common Stock owned by a community property trust of which Mr. Horrigan and his spouse are co-trustees and may be deemed to have shared voting and dispositive power (iv) 1,233,584 shares of Common Stock owned by the Horrigan Family Limited Partnership of which Mr. Horrigan's spouse is the sole general partner with sole voting and dispositive power and over which Mr. Horrigan may be deemed to have shared voting and dispositive power (v) 1,742,456 shares of Common Stock owned by family trusts of which Mr. Horrigan's spouse is a trustee with voting and dispositive power and over which Mr. Horrigan may be deemed to have shared voting and dispositive power and (vi) 10,000 shares of Common Stock owned by a family foundation of which Mr. Horrigan and his spouse are co-trustees and may be deemed to have shared voting and dispositive power but with no pecuniary interest therein. (b) Percent of class According to the Issuer's
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class . If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. o
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person . Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person . Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group . Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group . Not applicable.
Certification
Item 10. Certification . Not applicable. 7 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date February 12, 2024 s R. Philip Silver R. Philip Silver s D. Greg Horrigan D. Greg Horrigan 8 EXHIBIT 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with each other on behalf of each of them of this Amendment No. 21 to Schedule 13G with respect to the Common Stock, $0.01 par value, of Silgan Holdings Inc. This Joint Filing Agreement shall be included as an exhibit to such Amendment No. 21 to Schedule 13G. IN WITNESS WHEREOF, the undersigned have executed this Joint Filing Agreement as of the 12th day of February, 2024. s R. Philip Silver R. Philip Silver s D. Greg Horrigan D. Greg Horrigan 9