Owens Corning (OC) VP Doerfler has 1,167 RSU shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owens Corning Vice President and Controller Mari Doerfler reported a routine tax-withholding share disposition related to equity compensation. On the vesting of restricted stock units, 1,167 shares of $.01 par value common stock were withheld at a price of $106.28 per share to cover tax obligations. After this non-market transaction, she directly holds 5,019 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Doerfler Mari
Role
Vice President and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | $.01 Par Value Common | 1,167 | $106.28 | $124K |
Holdings After Transaction:
$.01 Par Value Common — 5,019 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares withheld for taxes: 1,167 shares
Transaction price per share: $106.28 per share
Shares owned after transaction: 5,019 shares
3 metrics
Shares withheld for taxes
1,167 shares
Withheld upon RSU vesting to satisfy tax obligations
Transaction price per share
$106.28 per share
Value used for the tax-withholding disposition
Shares owned after transaction
5,019 shares
Direct holdings following the Form 4 event
Key Terms
restricted stock units, tax withholding obligations, Form 4
3 terms
restricted stock units financial
"Shares withheld upon vesting of restricted stock units to satisfy tax withholding obligations."
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
"Shares withheld upon vesting of restricted stock units to satisfy tax withholding obligations."
Form 4 regulatory
"This was recorded as a Form 4 transaction coded "F," indicating payment of tax liability by delivering securities."
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) report for Mari Doerfler?
Owens Corning reported that Mari Doerfler had 1,167 shares of common stock withheld to satisfy tax obligations on vested restricted stock units. This was recorded as a Form 4 transaction coded "F," indicating payment of tax liability by delivering securities.
Was the Owens Corning (OC) Form 4 transaction an open-market sale?
No, the Form 4 transaction was not an open-market sale. Shares were withheld upon vesting of restricted stock units to satisfy tax withholding obligations, meaning the shares went back to the company rather than being sold in the market.
What does transaction code "F" mean in the Owens Corning (OC) Form 4?
Transaction code "F" on the Owens Corning Form 4 indicates payment of exercise price or tax liability by delivering securities. Here, it reflects shares withheld upon vesting of restricted stock units to satisfy Mari Doerfler’s tax withholding obligations.