Form 4: Owens Corning Executive Gina A. Beredo Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Gina A. Beredo, EVP, GC and Secretary of Owens Corning, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units and settlement of performance share units.
Summary
- On June 10, 2024, Gina A. Beredo, an executive at Owens Corning, reported changes in beneficial ownership of the company's common stock.
- A total of 6,653 shares were withheld to satisfy tax obligations upon the vesting of restricted stock units at a price of $176.4.
- Additionally, 4,112 shares were withheld to cover tax obligations upon the settlement of performance share units, also at a price of $176.4.
- Following these transactions, Beredo directly owns 22,624 shares of Owens Corning common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 06/10/2024 | Date of transaction (withholding of shares for tax obligations). |
| 06/12/2024 | Date of signature for the report. |
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