Form 4: Director Eugenio Garza y Garza Reports O-I Glass Holdings
Statement of Changes in Beneficial Ownership
Director Eugenio Garza y Garza disclosed a change in beneficial ownership of O-I Glass, Inc. common stock involving a tax-related disposition and a restricted stock unit grant.
Summary
- Director Eugenio Garza y Garza reported the disposition of 3,514 shares of O-I Glass, Inc. common stock on May 13, 2026, at a price of $8.78 per share to satisfy tax withholding obligations.
- The Director was granted 18,038 restricted stock units on May 14, 2026, at a value of $0.00 per share.
- Following these transactions, the Director's total beneficial ownership in the company stands at 26,237 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing reflecting standard director equity compensation and tax compliance.
Positives
- The acquisition of 18,038 restricted stock units aligns the Director's interests with long-term shareholder value.
Negatives
- The disposition of 3,514 shares was required to cover tax liabilities associated with equity vesting.
Risks
- The value of the restricted stock units is subject to the company's future share price performance.
Future Outlook
The restricted stock units granted to the Director are scheduled to vest in full on the date of the company's next Annual Meeting of share owners following the date of grant.
Management Comments
- No specific management commentary provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that this filing represents standard corporate governance and executive compensation activity, typical for directors of publicly traded manufacturing firms like O-I Glass.
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.
- Tax-related share dispositions are a routine administrative action for corporate insiders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Eugenio Garza y Garza appointed Darrow A. Abrahams and Lisa Lay as attorneys-in-fact for SEC filings. | 2026-05-13 | Standard administrative procedure to ensure timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders as these transactions represent routine director equity management.
Next Steps
- The restricted stock units will vest at the next Annual Meeting of share owners.
Key Dates
| Date | Description |
|---|---|
| 2026-05-13 | Date of share disposition for tax withholding and execution of Power of Attorney. |
| 2026-05-14 | Date of restricted stock unit grant. |
| 2026-05-15 | Filing date of the Form 4. |
Keywords
O-I Glass, OI, Director, Insider Trading, Form 4, Equity Compensation
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