Brian Chambers - Feb 1, 2024 Form 4 Insider Report for Owens Corning (OC)

Role
Chair, President and CEO, Director
Signature
/s/ Katherine M. Serevitch, Attorney-in-Fact
Stock symbol
OC
Transactions as of
Feb 1, 2024
Transactions value $
-$1,975,170
Form type
4
Date filed
2/5/2024, 04:25 PM
Previous filing
Dec 8, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OC $.01 Par Value Common Award $0 +19.3K +7.6% $0.00 273K Feb 1, 2024 Direct F1
transaction OC $.01 Par Value Common Tax liability -$499K -3.2K -1.17% $155.68 270K Feb 1, 2024 Direct F2
transaction OC $.01 Par Value Common Options Exercise $343K +9.1K +3.37% $37.65 279K Feb 1, 2024 Direct
transaction OC $.01 Par Value Common Sale -$1.4M -9.1K -3.26% $153.57 270K Feb 1, 2024 Direct F3
transaction OC $.01 Par Value Common Tax liability -$422K -2.71K -1.01% $155.42 267K Feb 2, 2024 Direct F2
holding OC $.01 Par Value Common 25 Feb 1, 2024 By adult son F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OC Option (right to purchase) Options Exercise $0 -9.1K -100% $0.00* 0 Feb 1, 2024 $.01 Par Value Common 9.1K $37.65 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock units granted under the Owens Corning 2023 Stock Plan.
F2 Shares withheld upon vesting of restricted stock units to satisfy tax withholding obligations.
F3 The price reported is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $151.73 to $155.62, inclusive. The Reporting Person undertakes to provide to Owens Corning, any security holder of Owens Corning, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F4 The Reporting Person may be deemed to have beneficial ownership of these shares due to his adult child residing in his household. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.