O-I Glass (NYSE: OI) SVP granted shares, stock withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
O-I Glass SVP, GC & Corporate Secretary Darrow A. Abrahams reported equity compensation and related tax withholding. On March 7, 2026, he acquired 42,179 and 33,955 shares of common stock at no cost as grants/awards. Footnotes state some restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date and that certain 2023–2025 performance-based units vested after the issuer’s performance exceeded targets. To cover tax liabilities, 27,427 shares were withheld at $11.38 per share, a non-market disposition. After these transactions, he holds 233,154 shares directly and 8,866.37 shares indirectly through a 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
ABRAHAMS DARROW A
Role
SVP, GC & Corporate Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock (Direct) | 42,179 | $0.00 | -- |
| Grant/Award | Common Stock (Direct) | 33,955 | $0.00 | -- |
| Tax Withholding | Common Stock (Direct) | 27,427 | $11.38 | $312K |
| holding | Common Stock (Indirect) | -- | -- | -- |
Holdings After Transaction:
Common Stock (Direct) — 226,626 shares (Direct);
Common Stock (Indirect) — 8,866.37 shares (Indirect, By 401k)
Footnotes (1)
- The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date. Certain restricted stock units granted for the 2023-2025 grant period vest in the form of common stock based upon the Issuer's performance against certain performance conditions. On March 7, 2026, the Compensation Committee of the Issuer's Board of Directors determined that the performance conditions had been met above target, resulting in the vesting of these shares.
FAQ
What insider transactions did O-I Glass (OI) report for Darrow A. Abrahams?
Darrow A. Abrahams reported equity compensation activity, not open-market trades. He received 42,179 and 33,955 O-I Glass common shares as stock grants or awards, then had 27,427 shares withheld at $11.38 per share to satisfy tax obligations related to these vesting events.
Were the O-I Glass (OI) insider transactions open-market buys or sells?
The filing shows no open-market buys or sells. Abrahams received shares via stock grants and restricted stock unit vesting, then had 27,427 shares withheld at $11.38 solely to cover tax liabilities, a common non-market mechanism rather than a discretionary sale decision in the open market.
What do the O-I Glass (OI) performance-based RSU footnotes explain?
The footnotes explain that certain restricted stock units for the 2023–2025 grant period vest in common stock based on performance. On March 7, 2026, the Compensation Committee determined performance conditions were met above target, causing these units to vest and convert into shares credited to Abrahams.
How do the new O-I Glass (OI) restricted stock units vest over time?
One footnote states that some restricted stock units granted to Abrahams vest in three equal annual installments beginning on the first anniversary of the grant date. This schedule creates a multi‑year vesting horizon, aligning portions of his compensation with longer-term company performance and service.