Owens Corning (NYSE: OC) insider reports 1,070-share tax withholding
Rhea-AI Filing Summary
Owens Corning executive Jose Manuel Canovas De La Nuez, President, Insulation, reported a tax-withholding disposition of 1,070 shares of $.01 par value common stock on July 28, 2026 at $143.13 per share, with shares withheld upon vesting of restricted stock units to satisfy tax obligations.
After this transaction, he held 15,705 shares directly, including 140 shares acquired on May 29, 2026 through the company’s Employee Stock Purchase Plan, which was exempt under Rule 16b-3(c).
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Insights
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Insider Trade Summary
Net Seller: 1,070 shares
Net Sell
1 txn
Insider
Canovas De La Nuez Jose Manuel
Role
President, Insulation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | $.01 Par Value Common F1, F2 | 1,070 | $143.13 | $153K |
Holdings After Transaction:
$.01 Par Value Common — 15,705 shares (Direct)
Footnotes (2)
- F1. Shares withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
- F2. The total amount of holdings reflects an acquisition on May 29, 2026 of 140 shares through the Issuer's Employee Stock Purchase Plan, which is exempt under Rule 16b-3(c).
Key Figures
Shares withheld for taxes: 1,070 shares
Tax withholding price: $143.13 per share
Direct holdings after transaction: 15,705 shares
+1 more
4 metrics
Shares withheld for taxes
1,070 shares
Shares withheld upon vesting of restricted stock units on July 28, 2026
Tax withholding price
$143.13 per share
Valuation per share for the 1,070 withheld Owens Corning shares
Direct holdings after transaction
15,705 shares
Direct Owens Corning common shares held after the July 28, 2026 disposition
ESPP acquisition included in holdings
140 shares
Shares acquired May 29, 2026 through the Employee Stock Purchase Plan included in total holdings
Key Terms
restricted stock units, tax withholding obligations, Employee Stock Purchase Plan, Rule 16b-3(c)
4 terms
restricted stock units financial
"Shares withheld upon vesting of restricted stock units to satisfy tax"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"to satisfy tax withholding obligations."
Employee Stock Purchase Plan financial
"acquisition on May 29, 2026 of 140 shares through the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(c) regulatory
"which is exempt under Rule 16b-3(c)."
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction involving Owens Corning (OC) did Jose Manuel Canovas De La Nuez report?
He reported a tax-withholding disposition of 1,070 shares of Owens Corning $.01 par value common stock on July 28, 2026, linked to the vesting of restricted stock units and used to satisfy associated tax obligations.
What does the footnote about the Employee Stock Purchase Plan mean for Owens Corning (OC) holdings?
A footnote explains that the 15,705-share total includes 140 shares acquired on May 29, 2026 through an Employee Stock Purchase Plan, which is described as exempt under Rule 16b-3(c) for reporting purposes.