Owens Corning (OC) director gets dividend-equivalent share grant

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

1 transaction reported

Mixed 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)

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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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FESTA ALFRED E

(Last) (First) (Middle)

ONE OWENS CORNING PARKWAY

(Street)

TOLEDO OHIO 43659

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Owens Corning [ OC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
$.01 Par Value Common	04/09/2026		A		85.362(1)	A	$114.95	12,506.195	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Accrual of dividend equivalents on deferred stock units.

Remarks:

	/s/ Katherine M. Serevitch, Attorney-in-Fact	04/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

How many Owens Corning shares does Alfred E. Festa hold after this Form 4?

After the reported transaction, Alfred E. Festa directly holds 12,506.195 shares of Owens Corning common stock. The increase results from an 85.362-share award tied to dividend-equivalent accruals on deferred stock units, as disclosed in the Form 4 filing’s share-balance line.

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.