Silgan Holdings board member Anthony J. Allott has recently sold a substantial number of company shares. 

A filing with the Securities and Exchange Commission indicates that on November 18, 2024, Allott sold 98,394 shares of common stock at an average price of $53.91 per share, yielding approximately $5.3 million from the transaction.

Despite this sale, Allott still holds 456,812 shares in the company, including 19,360 restricted stock units that are yet to vest. Once vested, these units will convert to common stock on a one-for-one basis.

Silgan Holdings is a prominent manufacturer specialising in metal cans and other packaging solutions.

In the third quarter of 2024, Silgan Holdings reported mixed results. Net sales dropped by 3%, reaching approximately $1.8 billion, a decline attributed to lower raw material costs and reduced pack volumes in its Metal Containers division. 

However, the company saw a 4% increase in adjusted net income per diluted share, which rose to $1.21.