On May 15, 2026, Board of Directors member Samuel R. Chapin reported the acquisition of 12,000 shares of O-I Glass (NYSE:OI) through an open-market purchase, as disclosed in a SEC Form 4 filing.
Transaction summary
|
Metric |
Value |
|---|---|
|
Shares traded |
12,000 |
|
Transaction value |
~$102K |
|
Post-transaction shares (direct) |
97,482 |
|
Post-transaction value (direct ownership) |
~$814K |
Transaction value based on SEC Form 4 weighted average purchase price ($8.51); post-transaction value based on May 15, 2026 market close ($8.35).
Key questions
-
What proportion of Samuel Chapin’s direct ownership does this purchase represent?
This transaction resulted in a 14% increase in Chapin’s directly held Common Stock, moving his stake from 85,482 to 97,482 shares. -
Was the transaction executed through any indirect entities or derivative mechanisms?
No; the entire acquisition was made via direct ownership, with no indirect holdings or options involved in this filing. -
How does this trade compare to Chapin’s historical trading activity?
Over the past two years, all previous transactions were administrative in nature, making this his only open-market purchase in the period reviewed. -
What is the context for valuation and potential liquidity?
The post-transaction direct holdings are valued at approximately ~$814,000 as of the May 15, 2026 close, and Chapin retains all shares in directly-held Common Stock, providing full liquidity.
Company overview
|
Metric |
Value |
|---|---|
|
Employees |
21,000 |
|
Revenue (TTM) |
$6.40 billion |
|
Net income (TTM) |
($186.00 million) |
|
Price (as of market close May 15, 2026) |
$8.35 |
* 1-year performance is calculated using May 15, 2026 as the reference date.
Company snapshot
-
O-I Glass produces glass containers for alcoholic and non-alcoholic beverages, food items, and pharmaceuticals, offering a range of sizes, shapes, and colors.
-
It generates revenue primarily from manufacturing and selling glass packaging under annual or multi-year supply agreements and through distributors.
-
The company serves large food and beverage manufacturers across the Americas, Europe, and Asia Pacific as its primary customer base.
O-I Glass is a global manufacturer of glass containers, operating at scale with 21,000 employees. The company leverages its extensive production capabilities and long-term supply agreements to maintain strong relationships with major beverage and food producers.
What this transaction means for investors
The May 15 purchase of 12,000 O-I Glass shares by Director Samuel Chapin indicates he is bullish on the stock. Shares have been on the decline in 2026, hitting a 52-week low of $8 on April 29. Perhaps the stock’s price reached an attractive level to galvanize Chapin’s buy.