Director at O-I Glass (NYSE: OI) receives 2,913.8915 phantom stock units

Rhea-AI Filing Summary

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

O-I Glass director Eugenio Garza received a grant of 2,913.8915 shares of phantom stock on April 1, 2026. Following this award, his balance of phantom stock rose to 7,365.2534 shares. Each phantom share is economically equivalent to one common share and will be paid in cash after he leaves the board, at his election.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Garza y Garza Eugenio

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	2,913.892	$0.00	--

Holdings After Transaction: Phantom Stock — 7,365.253 shares (Direct)

Footnotes (1)

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Key Figures

Phantom stock granted: 2,913.8915 shares Phantom stock holdings after grant: 7,365.2534 shares Phantom stock price per share for grant: $0.0000 +1 more

4 metrics

Phantom stock granted 2,913.8915 shares Award to director Eugenio Garza on April 1, 2026

Phantom stock holdings after grant 7,365.2534 shares Total phantom stock position following the reported transaction

Phantom stock price per share for grant $0.0000 Grant recorded with zero exercise or purchase price

Underlying common stock equivalent 2,913.8915 shares Each phantom share equals one common share economically

Key Terms

Phantom Stock, economic equivalent, separation from service as a director, Form 4

4 terms

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 regulatory

"payable in cash, at the election of the reporting person, following the reporting person's separation from service as a director"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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

X	Form 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)
			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)	04/01/2026		A		2,913.8915		(1)	(1)	Common Stock (Direct)	2,913.8915	$0.0000	7,365.2534	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	04/03/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did O-I Glass (OI) director Eugenio Garza report on this Form 4?

Eugenio Garza reported receiving a grant of 2,913.8915 phantom stock shares tied to O-I Glass common stock. This award increased his phantom stock holdings to 7,365.2534 shares, according to the filing’s post-transaction balance disclosure.

How many phantom stock shares does Eugenio Garza hold after the latest grant?

After the latest grant, Eugenio Garza holds 7,365.2534 phantom stock shares. This balance reflects the newly awarded 2,913.8915 phantom shares added to his prior holdings, as shown in the total shares following the reported transaction.

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

The filing states each phantom stock share is the economic equivalent of one O-I Glass common share. These phantom shares do not represent actual stock; instead, they track the value of common shares and are ultimately settled in cash based on that value.

When will Eugenio Garza’s phantom stock in O-I Glass become payable?

The phantom stock becomes payable in cash after Eugenio Garza’s separation from service as a director. The filing notes payment occurs following his board service, at his election, meaning he can choose the timing of cash settlement after leaving the board.

Does the phantom stock grant to Eugenio Garza involve a purchase or sale of O-I Glass shares?

No purchase or sale of actual O-I Glass common shares is reported. The Form 4 shows an acquisition coded as a grant of phantom stock, which is a cash-settled, equity-linked award rather than an open-market trade in the company’s common stock.