OI Director Granted 2,168.4657 Cash‑Settled Phantom Shares

Rhea-AI Filing Summary

Eugenio Garza y Garza, a director of O-I Glass, Inc. (OI), reported receipt of 2,168.4657 units of phantom stock on 10/01/2025. Each phantom share is the economic equivalent of one common share and becomes payable in cash, at the reporting person’s election, following the director’s separation from service. After this transaction the reporting person beneficially owned 2,545.8741 shares of common stock on a direct basis. The Form 4 was signed/dated 10/02/2025 by an attorney-in-fact.

Positive

• 2,168.4657 units of phantom stock were granted to a company director on 10/01/2025
• Reporting person’s direct beneficial ownership increased to 2,545.8741 shares

Negative

• None.

Insights

Corporate Governance / Insider Transactions

Director received cash-settled phantom equity equal to 2,168.4657 shares on 10/01/2025

The filing shows a non-derivative-form disclosure for phantom stock that is economically equivalent to common shares but is payable in cash after the director leaves service. This is a compensation-related equity grant rather than an open-market purchase or sale.

The immediate effect is an increase in the director’s reported direct beneficial ownership to 2,545.8741 shares. Because the award is cash-settled, it does not dilute outstanding common stock but does create a future cash obligation for the company tied to the value of the underlying shares.

SEC Form 4

FORM 4

UNITED 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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Garza y Garza Eugenio

(Last) (First) (Middle)

ONE MICHAEL OWENS WAY

(Street)

PERRYSBURG OH 43551

(City) (State) (Zip)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	10/01/2025		A		2,168.4657		(1)	(1)	Common Stock (Direct)	2,168.4657	$0.0000	2,545.8741	D

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-fact	10/02/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did the Form 4 for OI filed by Eugenio Garza y Garza report?

The Form 4 reports receipt of 2,168.4657 units of phantom stock on 10/01/2025, increasing direct beneficial ownership to 2,545.8741 shares.

What is the payout mechanism for the phantom stock reported for OI?

Each phantom share is the economic equivalent of one common share and becomes payable in cash, at the reporting person’s election, following separation from service.

When was the Form 4 signed for this OI filing?

The Form 4 bears a signature by attorney-in-fact dated 10/02/2025.

Does the phantom stock grant change outstanding common shares for OI?

The filing states the award is cash-settled; it does not state an issuance of new common shares, so no immediate dilution is reported in this Form 4.

What relationship does the reporting person have to OI?

The reporting person, Eugenio Garza y Garza, is reported as a director of O-I Glass, Inc.