BURNS RANDOLPH L 4
Research Summary
AI-generated summary
O-I Glass (OI) SVP Randolph L. Burns Buys 11,000 Shares
What Happened
- Randolph L. Burns, SVP, Chief Admin & Sus Officer of O-I Glass, purchased 11,000 shares of O-I Glass (ticker: OI) in an open-market/private purchase on May 8, 2026.
- The reported weighted-average price was $9.32 per share, for a total reported purchase value of $102,467. This was a buy (an insider purchase, generally seen as more informative than routine sales).
Key Details
- Transaction date: 2026-05-08; Filing date (Form 4): 2026-05-12 (filed within the required 2 business days).
- Price: weighted average $9.32; individual trade prices ranged from $9.30 to $9.32 (see footnote). Reporting person can provide breakdown of number of shares at each price on request.
- Shares acquired: 11,000; Total reported consideration: $102,467.
- Shares owned after transaction: not disclosed in the provided filing details.
- Transaction code: P = Purchase (open market or private purchase).
- No indication in the provided data that this filing relates to a 10% owner, tax withholding, 10b5-1 plan, gift, or option exercise.
Context
- Insider purchases can signal confidence but are not proof of future performance; this purchase is relatively modest (~$102k) for an executive-level insider.
- The filing appears timely (May 12 filing for a May 8 trade). The footnote clarifies the reported price is a weighted average across multiple trades between $9.30–$9.32.