Owens Corning·4

Feb 6, 4:36 PM ET

Canovas De La Nuez Jose Manuel 4

Research Summary

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Updated

Owens Corning (OC) President Jose Canovas Receives RSU Award

What Happened
Jose Manuel Canovas De La Nuez, President — Insulation at Owens Corning (OC), was granted 3,914 restricted stock units (RSUs) on 2026-02-04 valued at $132.83 each (total $519,897). On 2026-02-05, 156 shares were withheld to satisfy tax withholding obligations at $132.23 each (value $20,628). Net shares issued to the insider after withholding: 3,758 (3,914 granted minus 156 withheld). This was an equity award (compensation), not an open-market purchase or sale.

Key Details

  • Transaction types: A = Award/Grant (RSUs); F = Tax withholding on vesting
  • Grant date and value: 2026-02-04 — 3,914 RSUs @ $132.83 = $519,897
  • Withholding date and value: 2026-02-05 — 156 shares withheld @ $132.23 = $20,628
  • Net shares received: 3,758 (3,914 − 156)
  • Footnotes: F1 — RSUs granted under the Owens Corning 2023 Stock Plan. F2 — Shares withheld upon vesting to satisfy tax withholding.
  • Shares owned after transaction: Not stated in the filing.
  • Filing timeliness: Form 4 filed 2026-02-06 — appears timely (within the standard two-business-day reporting window).

Context
RSUs are a form of compensation that convert to company stock when they vest; withholding shares to cover taxes is a routine administrative step and does not indicate an open-market sale. This transaction reflects standard executive compensation rather than a market buy or sell signal.