Form 4: O-I Glass Executive Sells Shares to Cover Tax Obligations

Darrow A. Abrahams, SVP, GC & Corporate Secretary of O-I Glass, Inc., sold 1,380 shares of company stock to cover tax obligations.

Summary

• Darrow A. Abrahams, a Senior Vice President, General Counsel, and Corporate Secretary at O-I Glass, Inc., sold 1,380 shares of common stock on December 1, 2024.
• The sale was executed at a price of $12.6 per share.
• This transaction was to cover tax obligations related to stock awards.
• Following the transaction, Mr. Abrahams directly owns 129,057 shares of O-I Glass stock.
• He also indirectly owns 7,149.75 shares through a 401k.

Sentiment

Score: 5

Explanation: The document reflects a neutral event, a routine stock sale by an executive for tax purposes. It doesn't indicate any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares to cover these obligations.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a common practice across publicly traded companies.
• These transactions are typically disclosed through SEC Form 4 filings, as seen in this case.
• The volume of shares sold is relatively small compared to the total holdings of the executive, which is typical for tax-related sales.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale by an executive.

Key Dates

Keywords

O-I Glass, stock sale, insider trading, executive, Darrow A. Abrahams, tax obligations, share transaction