Form 4: O-I Glass Director Reports Phantom Stock Transaction

Eugenio Garza y Garza, a Director at O-I Glass, Inc., reported a transaction involving phantom stock, converting it to common stock.

Summary

• Director Eugenio Garza y Garza reported a transaction on April 1, 2026, involving 2,913.8915 shares of phantom stock.
• These phantom shares are economically equivalent to common stock and become payable in cash upon the director's separation from service.
• The transaction resulted in the director beneficially owning 7,365.2534 shares of O-I Glass, Inc. common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of a director's compensation-related transaction rather than a significant strategic or financial event.

Positives

• Director Garza y Garza's beneficial ownership of O-I Glass common stock increased to 7,365.2534 shares.
• The transaction indicates continued alignment of director compensation with shareholder value through phantom stock.

Future Outlook

The filing does not contain forward-looking statements or guidance. The phantom stock is payable in cash upon separation from service, at the election of the reporting person.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This specific filing details a common form of executive compensation tied to company performance.

Stakeholder Impact

• Shareholders: Increased transparency into director's beneficial ownership.

Next Steps

• The phantom stock becomes payable in cash upon the reporting person's separation from service as a director.

Key Dates

Keywords

O-I Glass, Form 4, Director Transaction, Phantom Stock, Beneficial Ownership, Securities Exchange Act