Form 4: Owens Corning Executive Nicolas Del Monaco Reports Changes in Beneficial Ownership

Nicolas Del Monaco, President of Insulation at Owens Corning, reports acquisition and disposal of common stock related to performance share unit settlement and tax obligations.

Summary

• On February 21, 2025, Nicolas Del Monaco acquired 3,590 shares of Owens Corning common stock at a par value of $0.01 as part of a performance share unit settlement.
• Following this transaction, Del Monaco directly owned 15,225 shares.
• On February 24, 2025, Del Monaco disposed of 1,445 shares at $162.89 per share to cover tax withholding obligations related to the performance share unit settlement.
• After this disposal, Del Monaco directly owned 13,780 shares of Owens Corning common stock.

Sentiment

Score: 5

Explanation: The document reflects standard executive compensation transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and does not indicate any specific trend in the insulation industry or competitive landscape.

Comparison to Industry Standards

• Executive compensation practices, including the use of performance share units, are common across publicly traded companies like Owens Corning.
• Similar companies such as Saint-Gobain, Knauf Insulation, and CertainTeed also utilize equity-based compensation to align executive interests with shareholder value.
• The tax withholding practices related to share settlements are standard corporate procedures.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they relate to executive compensation and tax obligations.

Key Dates