Trade Alert: President Of Silgan Holdings Adam Greenlee Has Sold Stock

Some Silgan Holdings Inc. (NYSE:SLGN) shareholders may be a little concerned to see that the President, Adam Greenlee, recently sold a substantial US$6.8m worth of stock at a price of US$54.73 per share. That diminished their holding by a very significant 68%, which arguably implies a strong desire to reallocate capital.

Check out our latest analysis for Silgan Holdings

Silgan Holdings Insider Transactions Over The Last Year

Notably, that recent sale by Adam Greenlee is the biggest insider sale of Silgan Holdings shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$53.58. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Insiders in Silgan Holdings didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Silgan Holdings better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Silgan Holdings Boast High Insider Ownership?

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Silgan Holdings insiders own 18% of the company, worth about US$1.0b. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Silgan Holdings Tell Us?

Insiders sold stock recently, but they haven't been buying. And even if we look at the last year, we didn't see any purchases. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Silgan Holdings. To that end, you should learn about the 2 warning signs we've spotted with Silgan Holdings (including 1 which is a bit unpleasant).

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.