Form 4: O-I Glass SVP, GC & Corporate Secretary Reports Changes in Beneficial Ownership

Darrow A. Abrahams, SVP, GC & Corporate Secretary of O-I Glass, Inc., reports changes in beneficial ownership of company stock due to vesting of restricted stock units and tax withholding.

Summary

• On March 7, 2024, Darrow A. Abrahams, SVP, GC & Corporate Secretary of O-I Glass, Inc., reported changes in beneficial ownership of the company's common stock.
• These changes involve the acquisition of 55,765 shares due to the vesting of restricted stock units based on the company's performance against strategic objective goals.
• An additional 23,697 shares were acquired due to the vesting of restricted stock units in three equal annual installments.
• 36,977 shares were disposed of to cover tax obligations at a price of $16.2 per share.
• Following these transactions, Abrahams directly owns 130,437 shares of common stock and indirectly owns 6,455.531 shares through a 401k.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The vesting of shares due to meeting strategic goals is a slightly positive indicator.

Positives

• The vesting of restricted stock units indicates that the company met its strategic objective goals above target.

Negatives

• The disposal of 36,977 shares to cover tax obligations reduces the executive's direct holdings.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The vesting of restricted stock units aligns executive interests with shareholder value.
• The transactions have a minimal impact on overall shareholder value.

Key Dates