Owens Corning (OC) director Alfred Festa receives 406-share equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Owens Corning director Alfred E. Festa reported an equity award of company stock. On the reported date, he acquired 406 shares of $.01 par value common stock as a grant or award, at a price of $122.07 per share, as the deferred share portion of his quarterly director retainer and fees. Following this award, his directly owned stake increased to 12,420.833 shares of Owens Corning common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FESTA ALFRED E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | $.01 Par Value Common | 406 | $122.07 | $50K |
Holdings After Transaction:
$.01 Par Value Common — 12,420.833 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Owens Corning (OC) disclose for Alfred E. Festa?
Owens Corning disclosed that director Alfred E. Festa acquired 406 shares of $.01 par value common stock as a grant or award. This award represents the deferred share portion of his quarterly director retainer and fees, rather than an open-market purchase.
Was Alfred E. Festa’s Owens Corning (OC) transaction a market buy or a compensation award?
The transaction was reported as a grant, award, or other acquisition, not a market purchase. The 406 shares represent the deferred share portion of Alfred E. Festa’s quarterly director retainer and fees, indicating compensation paid in company stock rather than cash.
Does the Owens Corning (OC) Form 4 show Alfred E. Festa’s ownership as direct or indirect?
The Form 4 reports Alfred E. Festa’s ownership as direct, coded with a “D” for ownership type. The 12,420.833 shares shown after the grant are held directly, and no footnote indicates that another entity or trust holds voting or investment authority over these shares.