OC Form 4: Director Lonergan receives 565 deferred shares at $143.88
Rhea-AI Filing Summary
Lonergan Edward F, a director of Owens Corning (OC), acquired 565 shares of the company's common stock on 08/08/2025 as the deferred share portion of his quarterly director retainer. The Form 4 reports a transaction price of $143.88 and shows 50,825.443 shares beneficially owned following the transaction, held directly. This filing documents a routine compensation-related equity grant converted into common stock rather than cash.
Positive
- Director received equity as deferred compensation (565 shares), aligning management compensation with shareholder interests
- Complete Section 16 disclosure filed showing transaction date and resulting direct beneficial ownership
Negative
- None.
Insights
TL;DR: Routine director equity deferral; small, non-derivative acquisition with no immediate material impact.
The Form 4 shows a non-derivative acquisition of 565 common shares by director Lonergan as a deferred portion of his quarterly retainer. The reported price is $143.88 and post-transaction direct holdings are 50,825.443 shares. This is a compensation conversion rather than an open-market purchase or sale and is typically considered routine for governance and alignment purposes. No derivative activity or other material changes to ownership structure are reported.
TL;DR: Governance action consistent with equity-based director compensation; disclosure is complete and routine.
The filing explicitly identifies the transaction as the "deferred share portion of quarterly Director retainer/fees," indicating the company permits or requires deferral into stock. The reporting person is identified as a director and the ownership form is listed as direct. As presented, this is a standard compensation conversion disclosed under Section 16 reporting rules and does not show unusual timing or related-party arrangements in the provided text.