Garza y Garza Eugenio 4

What Happened

• Eugenio Garza y Garza, a director of O‑I Glass, Inc. (OI), received a grant of 2,913.892 phantom stock units on 2026-04-01. The units were granted at $0.00 acquisition price (transaction code A) and are economic equivalents of common shares, with no immediate cash proceeds or share issuance to the public.

Key Details

• Transaction date: 2026-04-01; filing date (Form 4): 2026-04-03 (appears timely under the two-business-day rule).
• Award: 2,913.892 phantom stock units; grant price reported as $0.00.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: Each phantom share equals the economic value of one common share and becomes payable in cash, at the reporting person's election, following the director's separation from service.
• Transaction code: A (award/grant). This is a derivative compensation award, not an open-market purchase or sale.

Context

• Phantom stock is a form of deferred cash compensation tied to the company’s share value; it does not transfer voting shares or create immediate stock ownership. Such grants are common for directors as part of compensation and do not necessarily indicate a personal purchase or sale intent.