OC Form 4 — Maryann Mannen converts dividend equivalents into 111.181 shares
Rhea-AI Filing Summary
Maryann T. Mannen, a director of Owens Corning (OC), recorded an acquisition on 08/07/2025 of 111.181 shares of Owens Corning common stock. The filing states these shares resulted from the accrual of dividend equivalents on deferred stock units and shows a transaction price of $147.17 per share.
After this accrual-conversion, the report lists 25,772.524 shares as beneficially owned following the reported transaction, with the ownership form indicated as Direct. The filing was submitted via attorney-in-fact.
Positive
- None.
Negative
- None.
Insights
TL;DR Routine director equity accrual converted to shares; transaction appears non-material and does not indicate insider selling.
The Form 4 documents an acquisition of 111.181 shares by director Maryann T. Mannen resulting from the accrual of dividend equivalents on deferred stock units. The reported per-share amount is $147.17 and beneficial ownership after the event is 25,772.524 shares (direct). This type of entry typically reflects settlement of deferred compensation rather than open-market trading and, based on the reported size, is unlikely to be material to Owens Corning's capital structure.
TL;DR Director received dividend-equivalent units settled into common shares; a standard governance/compensation disclosure.
The disclosure explicitly cites accrual of dividend equivalents on deferred stock units as the reason for the acquisition of 111.181 shares. Such entries document how director compensation or award deferrals are settled into equity. The form lists the resulting direct beneficial ownership as 25,772.524 shares. There is no indication in the filing of disposals, option exercises, or other non-routine transactions by the reporting person.