O-I Glass, Inc. /DE/·4

Mar 10, 4:51 PM ET

ABRAHAMS DARROW A 4

Research Summary

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O-I Glass (OI) SVP Darrow Abrahams Receives Awards; Shares Withheld

What Happened
Darrow Abrahams, SVP, General Counsel & Corporate Secretary of O-I Glass (OI), was granted a total of 76,134 restricted stock units (42,179 + 33,955) on March 7, 2026 (awarded at $0). On the same date, 27,427 shares were disposed of at $11.38 per share (total value $312,119) to satisfy tax withholding obligations related to the vesting.

Key Details

  • Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
  • Awards: 42,179 RSUs and 33,955 RSUs granted (transaction code A; acquisition at $0).
  • Withholding/tax payment: 27,427 shares surrendered/withheld at $11.38 (transaction code F) to cover taxes; proceeds value ≈ $312,119.
  • Shares owned after transaction: not reported in the provided summary.
  • Footnotes: F1 — RSUs generally vest in three equal annual installments beginning one year after grant. F2 — Certain RSUs for the 2023–2025 cycle were performance-based and the Compensation Committee determined performance was above target, triggering vesting on March 7, 2026.
  • Transaction codes: A = Award/Grant; F = Tax withholding (disposition to cover tax liability, not an open‑market sale).

Context
This was primarily a vesting/award event (not a market purchase or voluntary sale). The 27,427-share disposition was a routine tax-withholding step that reduces net new shares received rather than an indicative open-market sale. Awards increase the insider’s equity stake subject to vesting terms and performance conditions noted above.