O-I Glass (NYSE: OI) director receives 18,038-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clark David V II reported acquisition or exercise transactions in this Form 4 filing.
O-I Glass director David V. Clark II reported an equity award of 18,038 shares of common stock. The award was recorded at a price of $0.00 per share as compensation rather than a market purchase. According to the footnote, these restricted stock units vest in full on the date of the Company’s next Annual Meeting of share owners at which directors are elected following the grant date. After this grant, Clark’s direct holdings increased to 58,169 shares of O-I Glass common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Clark David V II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 18,038 | $0.00 | -- |
Holdings After Transaction:
Common Stock (Direct) — 58,169 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 18,038 shares
Grant price: $0.00 per share
Post-transaction holdings: 58,169 shares
3 metrics
Equity award size
18,038 shares
Grant/award acquisition of common stock
Grant price
$0.00 per share
Compensation award, not open-market purchase
Post-transaction holdings
58,169 shares
Direct common stock holdings after award
Key Terms
restricted stock units, Annual Meeting of share owners, grant, award, or other acquisition, Common Stock (Direct)
4 terms
restricted stock units financial
"The restricted stock units vest in full on the date of the Company's next Annual Meeting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
grant, award, or other acquisition financial
"transaction code description indicates a Grant, award, or other acquisition of common stock"
Common Stock (Direct) financial
"security_title is reported as Common Stock (Direct) with direct ownership"
FAQ
What insider transaction did David V. Clark II report for O-I (O-I Glass, Inc.)?
Director David V. Clark II reported an equity award of 18,038 shares of O-I Glass common stock. The award was granted as compensation at $0.00 per share and increased his direct holdings to 58,169 shares after the transaction.
When do David V. Clark II’s restricted stock units in O-I Glass (OI) vest?
The restricted stock units vest in full on the date of O-I Glass’s next Annual Meeting of share owners at which directors are elected. This meeting must occur after the grant date for the award to fully vest, according to the footnote disclosure.