Form 4: Director Cheri Phyfer Receives O-I Glass Equity Grant
Director Equity Grant Disclosure
O-I Glass director Cheri Phyfer was granted 18,038 restricted stock units as part of standard director compensation.
Summary
- Director Cheri Phyfer acquired 18,038 restricted stock units (RSUs) in O-I Glass, Inc. on May 14, 2026.
- The grant was issued at a price of $0.00 per share, representing standard equity-based compensation for board members.
- Following this transaction, the director's total beneficial ownership in the company increased to 40,684 shares.
- The RSUs are scheduled to vest in full on the date of the company's next Annual Meeting of share owners.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that has no impact on the company's financial outlook.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Standardized and transparent disclosure of director compensation.
Negatives
- None identified; this is a routine administrative filing regarding director compensation.
Risks
- None identified; this filing relates to equity compensation and does not introduce new operational or financial risks.
Future Outlook
The restricted stock units will vest at the next Annual Meeting of share owners, aligning the director's tenure with the company's annual governance cycle.
Industry Context
StockSavvy.ai notes that equity grants for non-employee directors are a standard corporate governance practice in the manufacturing and packaging sector to ensure board members maintain a vested interest in long-term company performance.
Comparison to Industry Standards
- The use of restricted stock units for director compensation is consistent with standard practices among S&P 400 and S&P 500 industrial companies.
- The vesting schedule tied to the annual meeting is a common benchmark for board-level equity incentives.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Cheri Phyfer appointed Darrow A. Abrahams and Lisa Lay as attorneys-in-fact for SEC filing purposes. | 2026-05-13 | Administrative update to facilitate timely regulatory compliance. |
Stakeholder Impact
- Minimal impact; reflects standard board compensation practices.
Next Steps
- Vesting of the 18,038 restricted stock units at the next Annual Meeting of share owners.
Key Dates
| Date | Description |
|---|---|
| 2026-05-13 | Date of execution for the Power of Attorney. |
| 2026-05-14 | Date of the equity grant transaction. |
| 2026-05-15 | Date of filing with the SEC. |
Keywords
O-I Glass, OI, Director Compensation, Equity Grant, Insider Ownership, SEC Form 4
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