FMR LLC and Abigail Johnson disclose 2.0% O-I Glass (OI) stake in 13G/A
Rhea-AI Filing Summary
FMR LLC and Abigail P. Johnson report their ownership of O-I Glass Inc. common stock in an amended Schedule 13G. They disclose beneficial ownership of 3,043,040.26 shares, representing 2.0% of the company’s common stock, which is below the 5% large-holder threshold.
FMR LLC reports sole voting power over 2,940,811.73 shares and sole dispositive power over 3,043,040.26 shares, with no shared voting or dispositive power. The filers certify the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of O-I Glass.
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FAQ
What ownership stake in O-I (OI) does FMR LLC report in this Schedule 13G/A?
FMR LLC reports beneficial ownership of 3,043,040.26 O-I Glass common shares, representing 2.0% of the class. This level is below the 5% threshold typically associated with large institutional ownership disclosures and indicates a modest institutional position in the company’s equity.
What is Abigail P. Johnson’s reported beneficial ownership in O-I (OI)?
Abigail P. Johnson is listed with beneficial ownership of 3,043,040.26 O-I Glass shares, or 2.0% of the class. She reports no sole or shared voting power, but sole dispositive power over the same share amount, aligning her economic interest with the FMR LLC holdings.
Does FMR LLC intend to influence control of O-I Glass (OI) with this stake?
The filing explicitly certifies the securities were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of O-I Glass, and not in connection with any transaction designed to achieve such control.
Why does the Schedule 13G/A for O-I (OI) mention ownership of 5 percent or less?
Item 5 states that the filers’ ownership is 5 percent or less of O-I Glass common stock. This clarifies that, while they are significant institutional holders, their position does not reach the higher influence levels associated with stakes above the 5% threshold.
Who signed the O-I (OI) Schedule 13G/A on behalf of FMR LLC and Abigail P. Johnson?
The filing is signed by Stephanie J. Brown, acting under powers of attorney effective in January 2023, on behalf of both FMR LLC and Abigail P. Johnson. These powers of attorney authorize her to execute ownership reports and related documents for the filers.