In recent years, it has become clear that the presence of redox‐inactive Lewis acidic metal ions can decisively influence the reactivity of metal–dioxygen moieties that are formed in the course of O2 activation, in molecular complexes, and metalloenzymes. Superoxide species are often formed as the primary intermediates but they are mostly too unstable for a thorough investigation. We report here a series of chromium(III) superoxide complexes [L2Cr]M2O2(THF)y (L=−OSiPh2OSiPh2O−, M+=Li+, Na+, K+ and y=4, 5), which could be accessed, studied spectroscopically and partly crystallized at low temperatures. They only differ in the two incorporated Lewis acidic alkali metal counterions (M+) and it could thus be shown that the nature of M+ determines considerably its interaction with the superoxide ligand. This interaction, in turn, has a significant influence on the stability and reactivity of these complexes towards substrates with OH groups. Furthermore, we show that stability and reactivity are also highly solvent dependent (THF versus nitriles), as donor solvents coordinate to the alkali metal ions and thus also influence their interaction with the superoxide moiety. Altogether, these results provide a comprehensive and detailed picture concerning the correlation between spectroscopic properties, structure, and behavior of such superoxides, that may be exemplary for other systems.