BURNS RANDOLPH L 4
4 · O-I Glass, Inc. /DE/ · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
O-I Glass (OI) SVP Randolph L. Burns Receives Awarded Shares
What Happened Randolph L. Burns, SVP and Chief Administrative & Sustainability Officer of O-I Glass (OI), had restricted stock units (RSUs) vest on March 7, 2026. Two award entries show 24,605 and 12,192 shares granted/vested (total 36,797 RSUs) at $0.00. To satisfy tax withholding, 11,324 of those vested shares were withheld/disposed at $11.38 each, totaling $128,867.
Key Details
- Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (appears timely).
- Awards: 24,605 RSUs and 12,192 RSUs vested (codes A — award/acquisition), both recorded at $0.00.
- Tax withholding: 11,324 shares withheld/disposed at $11.38 per share for $128,867 (code F).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — RSUs generally vest in three equal annual installments beginning on the first anniversary of the grant. F2 — Certain RSUs for the 2023–2025 grant period were performance-based; the Compensation Committee determined performance was above target, causing these shares to vest on March 7, 2026.
- Transaction codes: A = Award/Grant, F = Payment of tax liability via share withholding.
Context This was a vesting of restricted stock units and a tax-withholding event, not an open-market purchase or sale. Withholding of shares to cover taxes is routine and does not necessarily indicate insider sentiment about the stock. The filing does not indicate 10% owner status.
Insider Transaction Report
- Award
Common Stock (Direct)
[F1]2026-03-07+24,605→ 122,064 total - Award
Common Stock (Direct)
[F2]2026-03-07+12,192→ 134,256 total - Tax Payment
Common Stock (Direct)
2026-03-07$11.38/sh−11,324$128,867→ 122,932 total
- 3,062.75(indirect: By 401(k))
Common Stock (Indirect)
Footnotes (2)
- [F1]The restricted stock units vest in three equal annual installments beginning on the first anniversary of the grant date.
- [F2]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.