O-I Glass (OI) Director Eugenio Garza Receives Phantom Stock Award

What Happened Eugenio Garza y Garza, a director of O-I Glass, received a grant of 5,420.354 phantom shares (derivative award) on October 1, 2026. The award was reported at $0.00 per share (no immediate cash outlay or reported market value) and is recorded as an A (award/grant) transaction. This is a compensation award to a director, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-10-01; filing date: 2026-10-01 (timely).
• Transaction type/code: A — Award/Grant (derivative phantom stock).
• Shares granted: 5,420.354 phantom shares; reported price: $0.00; reported value: $0.
• Shares owned after transaction: not specified in the filing.
• Footnote: Each phantom share equals the economic equivalent of one common share and becomes payable in cash (at the director’s election) upon the director’s separation from service.
• No indication of a 10b5-1 plan, tax withholding, or a sale of underlying securities in this filing.

Context Phantom stock is a cash-settled derivative that mirrors the economic exposure of common shares but does not represent actual share ownership, voting rights, or immediate dividends. For retail investors, director awards like this are routine compensation and do not represent an immediate buy or sell signal in the market. The award will only convert to cash (per the footnote) when the director separates from service and elects payment.