O-I Glass (OI) director Hari N. Nair receives 18,038-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NAIR HARI N reported acquisition or exercise transactions in this Form 4 filing.
O-I Glass director Hari N. Nair received a grant of 18,038 shares of common stock in the form of restricted stock units. These units were awarded at no cash cost to him and will 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. After this award, Nair directly holds 118,103 shares of O-I Glass common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NAIR HARI N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 18,038 | $0.00 | -- |
Holdings After Transaction:
Common Stock (Direct) — 118,103 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 18,038 shares
Post-transaction holdings: 118,103 shares
Grant price: $0.0000 per share
3 metrics
RSU grant size
18,038 shares
Restricted stock units awarded to director Hari N. Nair
Post-transaction holdings
118,103 shares
Common stock directly held after the grant
Grant price
$0.0000 per share
Reported transaction price for RSU award
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 O-I Glass (OI) director Hari N. Nair report in this Form 4?
Hari N. Nair reported receiving 18,038 O-I Glass common shares as a restricted stock unit grant. The award was made at no cash cost to him and increases his direct holdings to 118,103 shares following the transaction.
Is the O-I Glass (OI) Form 4 transaction an open-market purchase or sale?
The Form 4 shows a grant or award acquisition, not an open-market trade. Nair received 18,038 restricted stock units as director compensation, with no purchase price, so it does not represent a discretionary market buy or sell decision.
When do Hari N. Nair’s restricted stock units in O-I Glass (OI) vest?
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, following the grant date. Vesting is therefore tied to that future director-election meeting rather than a fixed calendar date.
What does transaction code "A" mean in the O-I Glass (OI) Form 4?
Transaction code "A" indicates a grant, award, or other acquisition rather than a market trade. In this case, it represents the award of 18,038 restricted stock units to director Hari N. Nair as part of his equity-based compensation.