O-I Glass expands incentive plan, shareholders approve

O-I Glass, Inc. (NYSE:OI), a leading producer of glass containers with a market capitalization of $2.1 billion, announced the approval of its Fifth Amended and Restated 2017 Incentive Award Plan following a shareholder vote at the Annual Meeting on Thursday. According to InvestingPro data, management has been actively buying back shares, demonstrating confidence in the company’s future. The plan increases the share allocation for awards by 9 million to a total of 33.6 million shares and introduces provisions for full vesting of awards upon a change in control.

The approval, which was recommended by the company’s Board of Directors, also includes terms for vesting of performance-based awards at target levels in the event of such a change. The incentive plan, initially adopted by the board on March 26, 2025, is designed to grant stock options and other awards to employees, consultants, and non-employee directors of O-I Glass and its subsidiaries.

During the Annual Meeting, shareholders also ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Additionally, the compensation of the company’s named executive officers was approved in an advisory vote.

The company, headquartered in Perrysburg, Ohio, and incorporated in Delaware, operates under the Glass Containers industry classification. O-I Glass has been listed on the New York Stock Exchange under the ticker symbol OI. Trading near its 52-week high of $14.34, the company has shown strong momentum with a 27% return year-to-date. InvestingPro analysis reveals 8 additional key insights about the company’s performance and prospects, available to subscribers.

The information provided is based on a press release statement from O-I Glass, Inc. and is intended for investors and other stakeholders interested in the company’s corporate governance and incentive structures. While currently showing a Fair financial health score according to InvestingPro’s comprehensive analysis, analysts expect the company to return to profitability this year. For detailed insights, investors can access the full Pro Research Report, part of InvestingPro’s coverage of over 1,400 US stocks.

In other recent news, O-I Glass Inc. reported stronger-than-expected financial results for the first quarter of 2025. The company achieved earnings per share of $0.40, surpassing the forecasted $0.23, and reported revenue of $1.6 billion, exceeding the anticipated $1.55 billion. This performance highlights the success of their Fit to Win program, which contributed $61 million in savings. Analyst George Staphos from BofA Securities raised the company’s stock price target to $15 from $13, maintaining a Buy rating, citing confidence in the company’s strategic initiatives and potential growth in the European market. Despite challenges in Europe, O-I Glass saw improved segment operating profit in the Americas. The company also announced the launch of its Total (EPA:TTEF) Organization Effectiveness program to further optimize operations. Looking ahead, O-I Glass reaffirmed its 2025 guidance, projecting adjusted earnings per share between $1.2 and $1.5, reflecting significant growth from the previous year. The company remains cautious due to potential market uncertainties related to trade policy changes.

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