Director at O-I Glass (NYSE: OI) receives 18,038-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chapin Samuel R. reported acquisition or exercise transactions in this Form 4 filing.
O-I Glass director Samuel R. Chapin reported a stock-based award of 18,038 shares of common stock. The filing classifies this as a grant or award at a stated price of $0.00 per share, reflecting equity compensation rather than an open‑market purchase or sale.
After this grant, Chapin directly holds 85,482 shares of O-I Glass common stock. According to the footnote, these restricted stock units vest in full on the date of the company’s next Annual Meeting of share owners at which directors are elected.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chapin Samuel R.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 18,038 | $0.00 | -- |
Holdings After Transaction:
Common Stock (Direct) — 85,482 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Award size: 18,038 shares
Award price: $0.00 per share
Post-transaction holdings: 85,482 shares
+1 more
4 metrics
Award size
18,038 shares
Grant of common stock to director Samuel R. Chapin
Award price
$0.00 per share
Reported transaction price for the equity grant
Post-transaction holdings
85,482 shares
Direct common stock held by Chapin after the grant
Vesting condition
Full vesting at next Annual Meeting
Restricted stock units vest when directors are next elected
Key Terms
restricted stock units, Annual Meeting, Grant, award, or other acquisition, Common Stock (Direct)
4 terms
restricted stock units financial
"The restricted stock units vest in full on the date of the Company's next Annual Meeting of share owners"
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.
Annual Meeting financial
"vest in full on the date of the Company's next Annual Meeting of share owners at which directors are elected"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
Common Stock (Direct) financial
"security_title: "Common Stock (Direct)""
FAQ
What did O-I Glass (OI) director Samuel R. Chapin report in this Form 4?
Samuel R. Chapin reported receiving an equity grant of 18,038 shares of O-I Glass common stock. The grant is classified as a stock-based award, not an open-market transaction, and increases his direct holdings to 85,482 shares after the reported transaction.
Is the O-I Glass (OI) Form 4 transaction a stock purchase or sale?
The transaction is an acquisition through a grant or award, not a market purchase or sale. It is coded as an “A” transaction, representing a grant, award, or other acquisition, with a reported price of $0.00 per share as typical for equity compensation.
What are the vesting terms for Samuel R. Chapin’s O-I Glass (OI) restricted stock units?
The restricted stock units vest in full on the date of O-I Glass’s next Annual Meeting of share owners at which directors are elected. This means Chapin’s award becomes fully vested at that future meeting, aligning vesting with the company’s director election cycle.
Does this O-I Glass (OI) Form 4 involve any derivative securities or option exercises?
No derivative securities or option exercises are shown in this Form 4. The filing reports only a non-derivative grant of common stock, with derivative positions listed as empty in the derivative summary, indicating no additional derivative transactions in this report.