Owens Corning director granted stock units
Owens Corning director Alfred E. Festa received an award of 85.362 shares of $.01 par value common stock on an acquisition basis at $114.95 per share, reflecting dividend-equivalent accruals on deferred stock units.
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Form Type
4
Rhea-AI Filing Summary
Owens Corning director Alfred E. Festa received an award of 85.362 shares of $.01 par value common stock on an acquisition basis at $114.95 per share, reflecting dividend-equivalent accruals on deferred stock units. Following this grant, his direct holdings increased to 12,506.195 shares.
Insider Trade Summary
Grant/Award: 85.362 shares
Grant/Award
1 txn
Insider
FESTA ALFRED E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $.01 Par Value Common | 85.362 | $114.95 | $10K |
Holdings After Transaction:
$.01 Par Value Common — 12,506.195 shares (Direct)
Footnotes (1)
- F1. Accrual of dividend equivalents on deferred stock units.
Key Figures
Shares granted: 85.362 shares
Grant price: $114.95 per share
Shares held after grant: 12,506.195 shares
+1 more
4 metrics
Shares granted
85.362 shares
Dividend-equivalent accrual grant on deferred stock units
Grant price
$114.95 per share
Price applied to the $.01 par value common stock grant
Shares held after grant
12,506.195 shares
Director Alfred E. Festa’s direct Owens Corning holdings post-transaction
Transaction date
2026-04-09
Date of the reported stock award transaction
Key Terms
deferred stock units, dividend equivalents, Form 4
3 terms
deferred stock units financial
"Accrual of dividend equivalents on deferred stock units."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Accrual of dividend equivalents on deferred stock units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Form 4 regulatory
"The Form 4 shows a transaction price of $114.95 per share."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Owens Corning (OC) report for Alfred E. Festa?
Owens Corning reported that director Alfred E. Festa received 85.362 shares of $.01 par value common stock. This was a grant classified as a dividend-equivalent accrual on deferred stock units, increasing his directly held position rather than representing an open-market purchase or sale.
What was the price used for Alfred E. Festa’s Owens Corning stock award?
The Form 4 shows a transaction price of $114.95 per share for Alfred E. Festa’s 85.362-share award. This price applies to the $.01 par value common stock issued as dividend-equivalent accruals on his deferred stock units, according to the reported transaction details.
Is Alfred E. Festa’s Owens Corning transaction a stock purchase or compensation grant?
The transaction is classified as a grant or award acquisition, not an open-market stock purchase. The Form 4 describes it as an accrual of dividend equivalents on deferred stock units, which adds 85.362 shares to his holdings as part of his existing compensation arrangements.
What does “accrual of dividend equivalents on deferred stock units” mean for Owens Corning (OC)?
It means dividends that would have been paid on regular shares are instead credited as additional units to a deferred stock account. For Alfred E. Festa, these dividend equivalents resulted in an 85.362-share increase in his Owens Corning common stock holdings, as disclosed in the Form 4 footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
