Sundar PichaiSundar Pichai earned $164M in 2023

Andres Lopez has been the CEO of O-I Glass, Inc. since 2016, bringing with him decades of experience in the glass container industry. His journey with O-I began way back in 1986, starting in Colombia. Over the years, he climbed...

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Andres Lopez

Ex-CEO of O-I Glass

Education

Not specified

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Consumer Cyclical

Born

January 1, 1962 - 63 years ago

CEO of O-I Glass for

8 years 4 months (Jan 2016 - May 2024)

Previous Experience

Joined O-I in 1986 in Colombia, held several leadership positions including country General Manager in Peru, Vice President of Manufacturing for O-I North America, and Global Vice President of Manufacturing and Engineering.

Holdings

See how much did Andres Lopez make over time.

Andres Lopez has strategically managed his holdings in O-I Glass over his years as CEO. In 2023, he reported a wealth level that included 125,606 shares from previous annual grants, with a vested stock value of approximately $2.06 million. This...

Total Stock Sold

$5.57M

OI

$4.51M

184,006 OI shares

AVY

$1.06M

5,800 AVY shares

What if they kept their stock?

If Andres Lopez didn't sell their stock, today they would have:
Extra OI184,006 shares worth $1.60M and AVY5,800 shares worth $664.22K.
This is -59.39% and $3.31M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Andres Lopez.

OI

566,953 shares

OI

Mar 7, 2024

Received

OI

$3.01M

OI at $22.28/share

Jun 6, 2023

Sale

OI

125,606 shares

OI

Mar 7, 2023

Received

AVY

$1.06M

AVY at $182.00/share

Mar 3, 2023

Sale

OI

231,379 shares

OI

Mar 7, 2022

Received

OI

212,342 shares

OI

Mar 7, 2021

Received

OI

365,863 shares

OI

Mar 7, 2020

Received

OI

372,448 shares

OI

Mar 7, 2019

Received

OI

152,270 shares

OI

Mar 7, 2018

Received

OI

127,430 shares

OI

Mar 7, 2017

Received

Compensation History

See how much did Andres Lopez make over time.

Andres Lopez's compensation as CEO of O-I Glass reflects a complex structure aligned closely with performance metrics. In 2023 alone, his total compensation hit around $11.8 million, which included a $1.13 million salary, a significant portion of vesting stock worth around $2.06 million, and about $475,000 in other benefits. The lack of bonuses in recent years, for both 2022 and 2023, points to the company's performance not fully meeting set benchmarks. For instance, the year before, his pay peaked at $12.2 million, largely driven by a strong performance in 2021 where he hit a 165% target bonus. This variance underscores how executive pay is not just about the base salary but is heavily tied to the company's success and executive performance evaluations.

Year

2023

Total Compensation

$3.67M

Salary

$1.13M

Board Justification

The compensation philosophy aims to align executive pay with company performance, peer benchmarking, and retention strategies, with a significant portion of compensation being performance-based.

Bonus

$0.00

Board Justification

No bonus was awarded for 2023.

Other

$475.49K

Board Justification

Other compensation includes life insurance premiums, personal use of company aircraft, and other benefits.

Restricted Stock

$2.06M(125.61K RSUs)

Board Justification

125,606 shares of RSUs vested in 2023, which were granted in prior years and are subject to time-based vesting.

Performance Metrics

The performance metrics for 2023 included EBIT and Free Cash Flow (FCF) for short-term incentives, and EPS and ROIC for long-term incentives.