Owens Corning (OC) director Alfred Festa reports new stock-based awards
Rhea-AI Filing Summary
Owens Corning director Alfred E. Festa reported two equity compensation-related acquisitions of common stock. On August 7, 2026, he received 315 shares of $.01 par value common stock at $157.10 per share, described as the deferred share portion of his quarterly director retainer and fees. On August 6, 2026, he accrued 67.74 shares at $150.60 per share as dividend equivalents on deferred stock units. Both positions are held directly, and the filing does not indicate they were made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 382.74 shares
Net Buy
2 txns
Insider
FESTA ALFRED E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $.01 Par Value Common F2 | 315 | $157.10 | $49K |
| Grant/Award | $.01 Par Value Common F1 | 67.74 | $150.60 | $10K |
Holdings After Transaction:
$.01 Par Value Common — 13,295.935 shares (Direct)
Footnotes (2)
- F1. Accrual of dividend equivalents on deferred stock units.
- F2. Deferred share portion of quarterly Director retainer/fees.
Key Figures
Director retainer award shares: 315 shares
Dividend equivalent shares: 67.74 shares
Grant price (retainer shares): $157.10 per share
+1 more
4 metrics
Director retainer award shares
315 shares
Deferred share portion of quarterly director retainer/fees on August 7, 2026 at $157.10 per share
Dividend equivalent shares
67.74 shares
Accrual of dividend equivalents on deferred stock units on August 6, 2026 at $150.60 per share
Grant price (retainer shares)
$157.10 per share
Price used for 315-share deferred retainer award on August 7, 2026
Grant price (dividend equivalents)
$150.60 per share
Price used for 67.74-share dividend equivalent accrual on August 6, 2026
Key Terms
deferred stock units, dividend equivalents, Director retainer
3 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.
Director retainer financial
"Deferred share portion of quarterly Director retainer/fees."
FAQ
What insider transactions did Owens Corning (OC) report for Alfred E. Festa?
Alfred E. Festa reported two acquisitions of Owens Corning common stock, both classified as grants or awards tied to director compensation and dividend equivalents, rather than open-market purchases or sales.
Were Alfred E. Festa’s Owens Corning (OC) transactions made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so these director compensation-related share grants and dividend equivalent accruals are not reported as made under a 10b5-1 trading plan.
Are Alfred E. Festa’s reported Owens Corning (OC) holdings direct or indirect?
Both reported positions are listed as directly held by Alfred E. Festa. The transactions involve common stock related to his director retainer and deferred stock units, with no intermediary entity indicated.
AI-generated analysis. How Rhea-AI works. Not financial advice.