Dividend equivalents add 351 units for Owens Corning (OC) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owens Corning director Edward F. Lonergan reported an automatic share-based accrual tied to his existing awards. On April 9, 2026, he acquired 350.522 shares of $.01 par value common stock at a reference price of $114.95 per share as a grant/award acquisition arising from dividend equivalents on deferred stock units. Following this routine compensation-related accrual, his directly held position increased to 53,353.421 shares of Owens Corning common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lonergan Edward F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $.01 Par Value Common | 350.522 | $114.95 | $40K |
Holdings After Transaction:
$.01 Par Value Common — 53,353.421 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 350.522 shares
Reference price per share: $114.95 per share
Shares held after transaction: 53,353.421 shares
+2 more
5 metrics
Shares acquired
350.522 shares
Grant/award acquisition on April 9, 2026
Reference price per share
$114.95 per share
Value used for dividend-equivalent accrual
Shares held after transaction
53,353.421 shares
Direct holdings following Form 4 transaction
Transaction code
A
Grant, award, or other acquisition of common stock
Security title
$.01 par value common
Class of Owens Corning stock acquired
Key Terms
deferred stock units, dividend equivalents, grant/award acquisition, Form 4
4 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.
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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
What insider transaction did Owens Corning (OC) director Edward F. Lonergan report?
Edward F. Lonergan reported acquiring 350.522 Owens Corning common shares. The acquisition was a grant or award tied to dividend equivalents on deferred stock units, rather than an open-market purchase, and is reflected as a routine compensation-related transaction.
Was the Owens Corning (OC) Form 4 transaction a market buy or a compensation grant?
The Form 4 transaction is a compensation-related grant, not a market purchase. Lonergan’s 350.522 shares were credited as dividend equivalents on deferred stock units, categorized as a grant or award acquisition under transaction code A, rather than an open-market buy.
What does 'dividend equivalents on deferred stock units' mean for Owens Corning (OC) insiders?
Dividend equivalents on deferred stock units credit additional share units when dividends are paid. For Owens Corning, Lonergan’s Form 4 notes that 350.522 shares were accrued this way, increasing his equity exposure through a routine, non-market compensation mechanism linked to existing deferred stock holdings.