O-I Glass SVP granted stock; shares withheld for tax
O-I Glass executive Randolph L. Burns, SVP and Chief Administrative & Sustainability Officer, reported equity compensation activity in company stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 24,605 | $0.00 | $0.00 |
| Grant/Award | Common Stock (Direct) | 12,192 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock (Direct) | 11,324 | $11.38 | $129K |
| holding | Common Stock (Indirect) | -- | -- | -- |
Footnotes (2)
- F1. The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- F2. 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
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What did OI executive Randolph L. Burns report in this Form 4?
How do the restricted stock units for OI vest for Randolph L. Burns?
Does this OI Form 4 indicate open-market buying or selling by Randolph L. Burns?
AI-generated analysis. How Rhea-AI works. Not financial advice.