O-I Glass Inc DE
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 31, 2024
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Item 1A. Risk Factors
There have been no material changes in risk factors at June 30, 2024 from those described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.
During the three months ended June 30, 2024, the Company purchased 619,217 shares of its common stock for approximately $10 million. The share purchases were all made in April 2024 pursuant to a $150 million anti-dilutive share repurchase program authorized by the Company’s Board of Directors on February 9, 2021. On May 14, 2024, the Company’s Board of Directors authorized a new $100 million anti-dilutive share repurchase program, which supersedes and replaces the prior share repurchase program and is intended to offset stock-based compensation provided to the Company’s directors, officers, and employees. No repurchases were made under the new share repurchase program during the three months ended June 30, 2024, and $100 million remained available for purchases under this program as of June 30, 2024. The share repurchase program has no expiration date. The following table provides information about the Company’s purchases of its common stock during the three months ended June 30, 2024:
| | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Issuer Purchases of Equity Securities | |||||||||||||
| | | | | | | | | | | | | | |
| Period · Total Number of Shares Purchased (in thousands) · Average Price Paid per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs · Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) | |||||||||||||
| April 1 - April 30, 2024 | | | 619 | | | 16.15 | | | 619 | | | 10 | |
| May 1 - May 31, 2024 | | | | | | | | | | | | 100 | |
| June 1 - June 30, 2024 | | | | | | | | | | | | 100 | |
| Total | | | 619 | | | 16.15 | | | 619 | | | | |
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