Owens Corning SEC Filings

Collins Michelle T reported acquisition or exercise transactions in this Form 4 filing.

Owens Corning director Michelle T. Collins reported an automatic equity award of 370 shares of $.01 par value common stock on 2026-08-07 as the share portion of her quarterly director retainer/fees. Following this grant, she directly holds 2,918 common shares of Owens Corning.

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.

Owens Corning director Adrienne Elsner reported two acquisitions of $.01 par value common stock as equity compensation. On 2026-08-07, she received 312 shares as the deferred share portion of her quarterly Director retainer/fees at a reference price of $157.10 per share. On 2026-08-06, she accrued 98.039 shares as dividend equivalents on deferred stock units at a reference price of $150.60 per share. Both positions are held directly.

Owens Corning generated $2,756 million in net sales in the second quarter of 2026, roughly flat with $2,747 million a year earlier. Net earnings from continuing operations attributable to Owens Corning were $310 million, down from $334 million, with diluted EPS from continuing operations of $3.84 versus $3.91.

Including discontinued operations, primarily the divested Glass Reinforcements business, net earnings attributable to Owens Corning were $226 million in the quarter and $121 million for the first half of 2026. First‑half net earnings from continuing operations were $348 million compared with $589 million in the prior‑year period.

The company completed the sale of its Glass Reinforcements business on April 30, 2026 for $370 million of proceeds, reflecting amended terms and contributing to a first‑half pre‑tax loss of $175 million in discontinued operations. Operating cash flow from continuing and discontinued operations was $244 million for the first six months, while cash paid for property, plant and equipment totaled $432 million. During the same period, approximately $25 million of estimated tariff refunds was recognized in cost of sales.

Owens Corning reported second‑quarter 2026 results from continuing operations with net sales of $2.76 billion, essentially flat year over year. Net earnings attributable to the company were $310 million with an 11% net margin, while adjusted EBITDA was $660 million, a 24% margin, both below 2025 levels. Diluted EPS from continuing operations was $3.84 and adjusted diluted EPS was $3.93.

Operating cash flow reached $398 million and free cash flow was $199 million. Roofing, Insulation and Doors posted EBITDA margins of 34%, 22% and 11%, respectively. The company completed the sale of its glass reinforcements business to focus on residential building products and has achieved $135 million of enterprise run‑rate cost synergies in its Doors business, exceeding its $125 million mid‑2026 commitment.

Owens Corning returned $264 million to shareholders in the quarter, including $200 million of share repurchases (1.7 million shares) and $64 million in dividends, and remains committed to $2 billion of capital returns over 2025–2026. For third‑quarter 2026, it expects revenue of approximately $2.6–$2.7 billion, slightly below the prior year, enterprise adjusted EBITDA margins of about 20%–22%, and roughly $40 million of additional inflation‑related costs.

Owens Corning executive Jose Manuel Canovas De La Nuez, President, Insulation, reported a tax-withholding disposition of 1,070 shares of $.01 par value common stock on July 28, 2026 at $143.13 per share, with shares withheld upon vesting of restricted stock units to satisfy tax obligations.

After this transaction, he held 15,705 shares directly, including 140 shares acquired on May 29, 2026 through the company’s Employee Stock Purchase Plan, which was exempt under Rule 16b-3(c).

Owens Corning appointed Jonathan M. Collins as Executive Vice President and Chief Financial Officer, effective August 10, 2026. His compensation includes an annual base salary of $775,000, a target annual cash incentive equal to 100% of salary, and a $2.75 million target long-term incentive award for 2027.

On the effective date he will receive equity awards valued at $1.5 million in performance share units, $1 million in RSUs that cliff vest after 30 months, and $2 million in RSUs vesting over 12 and 18 months, plus a $500,000 sign-on bonus subject to repayment if he resigns within 12 months. A key management severance agreement provides up to 2x salary plus target bonus, health coverage for up to one year, and outplacement assistance upon certain terminations, subject to restrictive covenants.

The Board also named Todd W. Fister President and Chief Operating Officer, effective August 10, 2026, while he remains an executive officer. Roofing, Doors, and Insulation business presidents will report to him, and each such president receives a retention RSU award, including $1 million grants to Nicolas Del Monaco and Rachel Marcon, cliff vesting after three years.

BlackRock, Inc. filed Amendment No. 13 to a Schedule 13G/A reporting beneficial ownership of $8,069,391 shares of Owens Corning common stock, equal to 10.0% of the class. The filing lists sole voting power of $7,816,343 shares and sole dispositive power of $8,069,391. The cover shows CUSIP 690742101 and an issuer address for Owens Corning. The signature block is dated 06/04/2026.

Owens Corning President, Doors, Rachel Barthelemy Marcon reported an open-market sale of common stock. She sold 700 shares at a price of $120.71 per share, and held 15,848 shares of $.01 par value common stock directly after the transaction, indicating a relatively small, routine disposition of her stake.