O-I Glass (NYSE: OI) director receives 18,038-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O-I Glass director Iain James Mackay received a stock-based compensation award. He acquired 18,038 shares of common stock through a grant with no cash paid per share. Following this award, his direct holdings increased to 29,751 shares of O-I Glass common stock.
The award consists of restricted stock units that vest in full on the date of the company’s next Annual Meeting of share owners at which directors are elected after the grant date. This is a non-market, compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mackay Iain James
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 18,038 | $0.00 | -- |
Holdings After Transaction:
Common Stock (Direct) — 29,751 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 18,038 shares
Grant price per share: $0.0000 per share
Shares owned after grant: 29,751 shares
3 metrics
Shares granted
18,038 shares
Equity grant to director on May 14, 2026
Grant price per share
$0.0000 per share
Stated price for awarded common stock
Shares owned after grant
29,751 shares
Director’s direct holdings following transaction
Key Terms
restricted stock units, Annual Meeting of share owners, grant, award, or other acquisition
3 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: Grant, award, or other acquisition"
FAQ
What did OI director Iain James Mackay report in this Form 4 filing?
Director Iain James Mackay reported receiving an equity grant of 18,038 O-I Glass common shares. The award was a stock-based compensation grant, not an open-market purchase, and increased his direct holdings to 29,751 shares after the transaction.
Is the OI Form 4 transaction a market purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. It is coded as a grant, award, or other acquisition, meaning the director received 18,038 shares as equity compensation instead of buying them on the open market.
When do the restricted stock units granted to the OI director vest?
The 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. This creates a time-based vesting schedule tied to the next director election meeting.