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Director of O-I Glass (NYSE: OI) receives 3,180 phantom stock units as deferred pay

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Garza y Garza Eugenio reported acquisition or exercise transactions in this Form 4 filing.

O-I Glass director Eugenio Garza y Garza received a grant of 3,180.1661 shares of phantom stock, each economically equivalent to one share of common stock. This award increased his phantom stock holdings to 10,545.4195 shares. The phantom stock will be settled in cash after he separates from service as a director, at his election.

Positive

  • None.

Negative

  • None.
Insider Garza y Garza Eugenio
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock 3,180.166 $0.00 --
Holdings After Transaction: Phantom Stock — 10,545.42 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Phantom stock granted 3,180.1661 units Grant to director on 2026-07-01
Phantom stock holdings after grant 10,545.4195 units Total phantom stock position after transaction
Transaction price per unit $0.0000 Grant of phantom stock units
Underlying common stock equivalent 3,180.1661 shares Each phantom unit equals one common share economically
Phantom Stock financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
economic equivalent financial
"Each share of phantom stock is the economic equivalent of one share of common stock."
separation from service as a director financial
"payable in cash, at the election of the reporting person, following the reporting person's separation from service as a director"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Garza y Garza Eugenio
(Last)(First)(Middle)
ONE MICHAEL OWENS WAY
(Street)
PERRYSBURG OHIO 43551
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
O-I Glass, Inc. /DE/ [ OI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)07/01/2026A3,180.1661 (1) (1)Common Stock (Direct)3,180.1661$0.000010,545.4195D
Explanation of Responses:
1. Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash, at the election of the reporting person, following the reporting person's separation from service as a director of the Issuer.
/s/ Darrow A. Abrahams, attorney-in-fact07/01/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did O-I Glass (OI) report for Eugenio Garza y Garza?

O-I Glass reported that director Eugenio Garza y Garza received a grant of 3,180.1661 phantom stock units. These units are a form of deferred compensation, economically equivalent to common shares but payable in cash after he leaves the board.

What is phantom stock in the O-I Glass (OI) Form 4 filing?

In this filing, phantom stock represents units economically equivalent to one share of O-I Glass common stock. They do not provide voting rights and are payable in cash, at the director’s election, following his separation from service as a director.

How many phantom stock units does the O-I Glass (OI) director hold after this grant?

After the reported grant, director Eugenio Garza y Garza holds a total of 10,545.4195 phantom stock units. This reflects the newly awarded 3,180.1661 units added to his existing deferred compensation balance tied to O-I Glass common stock value.

Does the O-I Glass (OI) Form 4 show a stock purchase or sale?

The Form 4 shows an acquisition coded as a grant, not an open-market purchase or sale. It is a compensation-related award of phantom stock units with a transaction price of $0.0000 per unit, rather than a cash trading transaction.

When will the O-I Glass (OI) phantom stock units become payable?

According to the footnote, the phantom stock units become payable in cash after the director’s separation from service. Payment timing is at the reporting person’s election following his departure from the O-I Glass board, providing deferred compensation linked to share value.