Form 4: Owens Corning CEO Brian Chambers Reports Changes in Beneficial Ownership

Brian Chambers, CEO of Owens Corning, reported a transaction involving the disposition of common stock to cover tax obligations, as well as indirect ownership through an adult son.

Summary

• On March 1, 2024, Brian Chambers, the Chair, President, and CEO of Owens Corning, reported a transaction to the SEC.
• The transaction involved the disposition of 1,752 shares of common stock at a price of $151.67 per share.
• Following the transaction, Chambers directly owns 301,383 shares of Owens Corning common stock.
• Chambers also reported indirect beneficial ownership of 25 shares of common stock through his adult son.
• Chambers disclaims beneficial ownership of these 25 shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a routine transaction. It doesn't convey any particularly positive or negative sentiment.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders.

Key Dates