O-I Glass (OI) SVP awarded shares as RSUs vest and taxes withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O-I Glass executive Randolph L. Burns, SVP and Chief Administrative & Sustainability Officer, reported equity compensation activity in company stock. On March 7, 2026, he received two stock awards totaling 36,797 shares of common stock at no cost, tied to restricted stock units and performance-based awards. To cover tax obligations on vesting, 11,324 shares were withheld by the company at $11.38 per share, rather than sold on the open market. After these transactions, Burns holds 122,932 shares directly and 3,062.75 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BURNS RANDOLPH L
Role
SVP, Chief Admin & Sus Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 24,605 | $0.00 | -- |
| Grant/Award | Common Stock (Direct) | 12,192 | $0.00 | -- |
| Tax Withholding | Common Stock (Direct) | 11,324 | $11.38 | $129K |
| holding | Common Stock (Indirect) | -- | -- | -- |
Holdings After Transaction:
Common Stock (Direct) — 122,064 shares (Direct);
Common Stock (Indirect) — 3,062.75 shares (Indirect, By 401k)
Footnotes (1)
- The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. Certain restricted stock units granted for the 2023-2025 grant period vest in the form of common stock based upon the Issuer's performance against certain performance conditions. On March 7, 2026, the Compensation Committee of the Issuer's Board of Directors determined that the performance conditions had been met above target, resulting in the vesting of these shares.
FAQ
What did OI executive Randolph L. Burns report in this Form 4?
Randolph L. Burns reported equity compensation activity, not open-market trading. He received two stock awards totaling 36,797 O-I Glass common shares and had 11,324 shares withheld to pay taxes on vesting, reflecting routine compensation rather than discretionary buying or selling.
How do the restricted stock units for OI vest for Randolph L. Burns?
Some restricted stock units vest in three equal annual installments starting one year after the grant date. Other units from the 2023–2025 performance period vested in common stock after the compensation committee confirmed performance above target on March 7, 2026, increasing his share awards.
Does this OI Form 4 indicate open-market buying or selling by Randolph L. Burns?
No, the transactions reflect equity grants and tax withholding, not market trades. Burns received stock at no cost via awards, and shares were withheld to cover taxes, so the filing shows routine compensation events rather than discretionary stock purchases or sales.