Form 4: Director Samuel R. Chapin Receives O-I Glass Equity Grant
Statement of Changes in Beneficial Ownership
O-I Glass director Samuel R. Chapin was granted 18,038 restricted stock units as part of his director compensation.
Summary
- Director Samuel R. Chapin acquired 18,038 shares of O-I Glass, Inc. common stock.
- The transaction occurred on May 14, 2026, at a price of $0.00 per share, representing a grant of restricted stock units (RSUs).
- Following this transaction, the director's total beneficial ownership increased to 85,482 shares.
- The RSUs are scheduled to vest in full on the date of the company's next annual meeting of shareholders.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that does not signal a change in company strategy or financial health.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
- Increase in total beneficial ownership by a member of the board.
Negatives
- None identified; this is a standard equity grant for board service.
Risks
- None identified; this is a routine regulatory disclosure of director compensation.
Future Outlook
The restricted stock units will vest in full at the next annual meeting of share owners where directors are elected.
Industry Context
StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the manufacturing and packaging sector to ensure long-term alignment with shareholder value.
Comparison to Industry Standards
- The grant of restricted stock units is consistent with standard director compensation packages for S&P 400/500 mid-to-large cap companies.
- The vesting schedule tied to the annual meeting is a common practice among U.S. publicly traded entities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Filing of a Power of Attorney authorizing Darrow A. Abrahams and Lisa Lay to sign SEC filings on behalf of the director. | 2026-05-13 | Standard administrative procedure to ensure timely regulatory compliance. |
Stakeholder Impact
- Shareholders: Minimal impact; reflects standard director compensation.
Next Steps
- Vesting of the 18,038 restricted stock units at the next annual meeting of shareholders.
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, Form 4, Insider Ownership, Equity Grant
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