OC Form 4: Director Festa Receives 309 Deferred Shares at $143.88
Rhea-AI Filing Summary
Alfred E. Festa, a director of Owens Corning (OC), reported acquiring 309 shares of common stock on 08/08/2025. The filing identifies the shares as the deferred share portion of his quarterly director retainer/fees.
The Form 4 shows a reported price of $143.88 per share and indicates 11,432.015 shares beneficially owned following the transaction, held in a direct ownership form. The filing was made by one reporting person and lists no derivative securities transactions.
Positive
- Director acquisition disclosed: Alfred E. Festa acquired 309 shares (deferred compensation).
- Clear post-transaction ownership: Direct beneficial ownership recorded as 11,432.015 shares.
Negative
- None.
Insights
TL;DR: Director Alfred Festa received 309 shares as deferred compensation, raising direct ownership to 11,432.015 shares.
The transaction is a non-derivative acquisition recorded on Form 4 and is explicitly described as the deferred share portion of a quarterly director retainer. Reported price per share is $143.88. As a routine compensation-related acquisition by an individual director and not a change in corporate control or a large open-market purchase, it is informational for ownership tracking but appears immaterial to company valuation based on the data provided.
TL;DR: This Form 4 documents a standard director compensation event, not an operational or governance change.
The filing identifies the reporting person as a director and records the acquisition as deferred compensation rather than a discretionary open-market trade. The clear disclosure of transaction type, amount (309 shares), and resulting direct beneficial ownership (11,432.015 shares) meets Section 16 reporting expectations. There are no derivative transactions or indications of a 10b5-1 plan in the provided content.