Owens Corning (OC) EVP adds shares through dividend equivalent grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owens Corning executive receives small share accrual
Owens Corning EVP and Chief Innovation Officer Jose Mendez-Andino acquired 100.509 shares of $.01 par value common stock on an accrual of dividend equivalents on deferred shares. After this grant, he directly owns 24,430.218 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mendez-Andino Jose
Role
EVP, Chief Innovation Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $.01 Par Value Common | 100.509 | $114.95 | $12K |
Holdings After Transaction:
$.01 Par Value Common — 24,430.218 shares (Direct)
Footnotes (1)
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Key Figures
Shares acquired: 100.509 shares
Reference price per share: $114.95 per share
Shares owned after transaction: 24,430.218 shares
3 metrics
Shares acquired
100.509 shares
Grant/award acquisition on accrual of dividend equivalents
Reference price per share
$114.95 per share
Price per share associated with the 100.509-share acquisition
Shares owned after transaction
24,430.218 shares
Direct common stock holdings following the grant
Key Terms
dividend equivalents, deferred shares, Grant, award, or other acquisition
3 terms
dividend equivalents financial
"Accrual of dividend equivalents on deferred shares."
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, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Owens Corning (OC) disclose in this Form 4 filing?
Owens Corning reported that EVP and Chief Innovation Officer Jose Mendez-Andino acquired 100.509 common shares through an accrual of dividend equivalents on deferred shares, a routine compensation-related transaction that increased his directly held stake in the company.
What is Jose Mendez-Andino’s total Owens Corning (OC) ownership after this grant?
Following the transaction, Jose Mendez-Andino directly owns 24,430.218 shares of Owens Corning common stock. This reflects his updated post-transaction holdings after the 100.509-share accrual connected to dividend equivalents on previously deferred share awards.