| Value Initial Fixed $100 | ||||||||||||||||||
Investment Based on: | |||||||||||||||||||
Summary | Summary | Average Summary | Average | Peer Group | |||||||||||||||
Compensation | Compensation | Compensation | Compensation | Compensation | Compensation | Total | Total | ||||||||||||
Table Total for | Actually Paid to | Table Total for | Actually Paid to | Table Total for | Actually Paid to | Shareholder | Shareholder | Net | |||||||||||
Former PEO | Former PEO | Current PEO | Current PEO | non-PEO NEOs | non-PEO NEOs | Return | Return | Income (Loss) | EBIT | ||||||||||
Year | ($) | ($)(1) | ($) | ($)(1) | ($) | ($)(1) | ($)(2) | ($)(2) | ($ millions) | ($ millions)(3) | |||||||||
2025 | — | — | 11,462,530 | 18,058,885 | 2,461,782 | 3,285,739 | 123.96 | 87.49 | (129) | 707 | |||||||||
2024 | 4,055,300 | (5,559,909) | 7,466,597 | 4,983,946 | 2,049,313 | 261,738 | 91.20 | 108.19 | (106) | 643 | |||||||||
2023 | 11,779,768 | 14,408,779 | — | — | 2,842,148 | 2,967,069 | 137.84 | 109.91 | (103) | 943 | |||||||||
2022 | 12,244,474 | 21,333,867 | — | — | 2,793,575 | 3,925,060 | 139.47 | 106.60 | 584 | 753 | |||||||||
2021 |
| 10,794,495 | 6,373,916 | — | — | 2,480,792 | 1,992,573 | 101.26 | 139.20 | 149 | 680 | ||||||||
| (1) | Amounts represent compensation actually paid to the Company’s 2024 Chief Executive Officers (referred to in this section as the Former PEO (Mr. Lopez) and Current PEO (Mr. Hardie)) and the average compensation actually paid to the remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year: |
| ||||
Year | Current PEO | Former PEO | Non-PEO NEOs | |
2025 | Gordon J. Hardie | — | John A. Haudrich, Darrow A. Abrahams, Emmanuelle Guerin, Eduardo Restrepo, Giancarlo Currarino | |
2024 | Gordon J. Hardie | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Giancarlo Currarino, Vitaliano Torno | |
2023 | — | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno | |
2022 | — | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno | |
2021 |
| — | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno, Giancarlo Currarino |
Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2025 Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
| Subtract | | YE Value of | | Change in | | Change in | | Value as of | | Change in | | Increase for | | Total | |||||||||
Current PEO | ||||||||||||||||||||||||
2025 | (8,138,139) | 11,884,898 | 2,788,300 | 61,296 | — | — | — | 6,596,355 | ||||||||||||||||
Avg. Non-PEO NEOs | ||||||||||||||||||||||||
2025 | (871,868) | 1,273,273 | 509,885 | 18,787 | — | (106,120) | — | 823,957 | ||||||||||||||||
| (2) | For the relevant year, represents the cumulative TSR (the “Peer Group TSR”) of the following peer companies (which comprise a packaging group consisting of companies with lines of business or product end uses comparable to those of the Company for which market quotations are available): AptarGroup, Inc., Ardagh Group S.A., Ball Corporation, Crown Holdings, Inc., O-I Glass, Inc., Sealed Air Corporation, Silgan Holdings Inc., and Sonoco Products Company. TSR amounts reported in the graph (both for O-I’s TSR and for the Peer Group TSR) assume an initial fixed investment of $100 in common stock or in the peer group, as applicable, for the period beginning on December 31, 2020 through the end of the relevant fiscal year, and that all dividends, if any, were reinvested. |
| (3) | EBIT is a non-GAAP measure. See Appendix A for a calculation of this measure. |
| (1) | Amounts represent compensation actually paid to the Company’s 2024 Chief Executive Officers (referred to in this section as the Former PEO (Mr. Lopez) and Current PEO (Mr. Hardie)) and the average compensation actually paid to the remaining NEOs for the relevant fiscal year, as determined under SEC rules (and described below), which includes the individuals indicated in the table below for each fiscal year: |
| ||||
Year | Current PEO | Former PEO | Non-PEO NEOs | |
2025 | Gordon J. Hardie | — | John A. Haudrich, Darrow A. Abrahams, Emmanuelle Guerin, Eduardo Restrepo, Giancarlo Currarino | |
2024 | Gordon J. Hardie | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Giancarlo Currarino, Vitaliano Torno | |
2023 | — | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno | |
2022 | — | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno | |
2021 |
| — | Andres A. Lopez | John A. Haudrich, Darrow A. Abrahams, Arnaud Aujouannet, Vitaliano Torno, Giancarlo Currarino |
| (2) | For the relevant year, represents the cumulative TSR (the “Peer Group TSR”) of the following peer companies (which comprise a packaging group consisting of companies with lines of business or product end uses comparable to those of the Company for which market quotations are available): AptarGroup, Inc., Ardagh Group S.A., Ball Corporation, Crown Holdings, Inc., O-I Glass, Inc., Sealed Air Corporation, Silgan Holdings Inc., and Sonoco Products Company. TSR amounts reported in the graph (both for O-I’s TSR and for the Peer Group TSR) assume an initial fixed investment of $100 in common stock or in the peer group, as applicable, for the period beginning on December 31, 2020 through the end of the relevant fiscal year, and that all dividends, if any, were reinvested. |
Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2025 Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
| Subtract | | YE Value of | | Change in | | Change in | | Value as of | | Change in | | Increase for | | Total | |||||||||
Current PEO | ||||||||||||||||||||||||
2025 | (8,138,139) | 11,884,898 | 2,788,300 | 61,296 | — | — | — | 6,596,355 | ||||||||||||||||
Avg. Non-PEO NEOs | ||||||||||||||||||||||||
2025 | (871,868) | 1,273,273 | 509,885 | 18,787 | — | (106,120) | — | 823,957 | ||||||||||||||||
Compensation actually paid to the NEOs represents the “Total” compensation reported in the 2025 Summary Compensation Table for the applicable fiscal year, as adjusted as follows:
| Subtract | | YE Value of | | Change in | | Change in | | Value as of | | Change in | | Increase for | | Total | |||||||||
Current PEO | ||||||||||||||||||||||||
2025 | (8,138,139) | 11,884,898 | 2,788,300 | 61,296 | — | — | — | 6,596,355 | ||||||||||||||||
Avg. Non-PEO NEOs | ||||||||||||||||||||||||
2025 | (871,868) | 1,273,273 | 509,885 | 18,787 | — | (106,120) | — | 823,957 | ||||||||||||||||
Management believes the following performance measures represent the most important financial performance measures used by the Company to link compensation actually paid to its NEOs for the fiscal year ended December 31, 2025:
| ● | EBIT, |
| ● | FCF, |
| ● | ROIC, |
| ● | EPS, |
| ● | TSR, and |
| ● | r-TSR |
| (3) | EBIT is a non-GAAP measure. See Appendix A for a calculation of this measure. |