Form 4: Owens Corning Director Mannen Acquires Shares as Part of Retainer

Director Maryann T. Mannen acquired 272 shares of Owens Corning common stock on April 26, 2024, as part of deferred director fees.

Summary

• On April 26, 2024, Maryann T. Mannen, a director of Owens Corning, acquired 272 shares of common stock.
• The acquisition was part of a deferred share arrangement related to quarterly director retainer/fees.
• The price per share was $168.5.
• Following the transaction, Mannen directly owns 24,122.347 shares of Owens Corning common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of a director's stock acquisition as part of their compensation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for directors receiving compensation in the form of company stock. It provides transparency into the holdings of company insiders.

Comparison to Industry Standards

• Director compensation packages often include stock options or restricted stock units to align their interests with shareholders.
• Companies like Saint-Gobain and Kingspan, which operate in similar building materials industries, also utilize stock-based compensation for their executives and directors.
• The amount of stock awarded to directors varies based on company size, performance, and industry benchmarks.

Related Party Transactions

• The acquisition of shares by the director is related to her compensation for serving on the board.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a small acquisition of shares by a director.
• It reinforces the alignment of the director's interests with those of the shareholders.

Key Dates