Form 4: O-I Glass Director Iain Mackay Receives Equity Grant
Director Equity Grant
Director Iain Mackay was granted 18,038 restricted stock units in O-I Glass, Inc. as part of standard compensation.
Summary
- Director Iain Mackay acquired 18,038 restricted stock units (RSUs) of O-I Glass, Inc. common stock.
- The transaction occurred on May 14, 2026.
- The RSUs were granted at a price of $0.00 per share.
- Following this transaction, the director's total beneficial ownership increased to 29,751 shares.
- The RSUs are scheduled to vest in full on the date of the company's next Annual Meeting of share owners following the grant date.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- Standard market risks associated with equity ownership in O-I Glass, Inc.
Future Outlook
The restricted stock units will vest in full at the next Annual Meeting of share owners.
Industry Context
StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice to ensure board members maintain a vested interest in the long-term performance of the company.
Comparison to Industry Standards
- The grant of restricted stock units to directors is consistent with standard compensation practices for S&P 400 and similar mid-cap industrial companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Director Iain Mackay appointed Darrow A. Abrahams and Lisa Lay as attorneys-in-fact for SEC filings. | 2026-05-13 | Standard administrative procedure to facilitate timely regulatory compliance. |
Stakeholder Impact
- Minimal impact on shareholders; reflects standard director compensation structure.
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 Power of Attorney execution. |
| 2026-05-14 | Date of the RSU grant transaction. |
| 2026-05-15 | Date of filing. |
Keywords
O-I Glass, OI, Director, Equity Grant, Insider Transaction, Restricted Stock Units
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