Form 4: Owens Corning EVP & CFO Todd W Fister Reports Stock Transaction

Todd W Fister, EVP & CFO of Owens Corning, reports the disposition of 2,366 shares of common stock to cover tax obligations upon vesting of restricted stock units.

Summary

• On February 3, 2025, Todd W Fister, the EVP & Chief Financial Officer of Owens Corning, disposed of 2,366 shares of Owens Corning common stock.
• The transaction was executed at a price of $180.1 per share.
• The shares were withheld to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Fister directly owns 29,260.217 shares of Owens Corning common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates a standard practice of withholding shares to cover tax obligations upon vesting of restricted stock units, which is common across publicly traded companies.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock units and subsequent tax withholding, are standard across publicly traded companies.
• Companies like Saint-Gobain, Knauf, and CertainTeed, which are competitors of Owens Corning, also utilize similar equity compensation strategies for their executives.
• The practice of withholding shares to cover tax obligations is a common and accepted method to manage executive tax liabilities related to equity compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders as it is a routine sale of shares to cover tax obligations.

Key Dates