Mendez-Andino Jose 4
Research Summary
AI-generated summary
Owens Corning (OC) EVP Jose Mendez-Andino Receives Award
What Happened
- Jose Mendez-Andino, EVP & Chief Innovation Officer at Owens Corning, was awarded 9,517 shares on 2026-02-25 in connection with the settlement of performance share units. The award shows an acquisition price of $0.00 (grant).
- To cover tax withholding, 4,246 of those shares were withheld/disposed at $123.48 per share, generating approximately $524,296. The award and withholding were reported on a Form 4 filed 2026-02-27.
Key Details
- Transaction date(s): 2026-02-25 (reported 2026-02-27); filing appears timely.
- Award: 9,517 shares (code A) at $0.00 — settlement of performance share units for the cycle ended 12/31/2025 (Footnote F1).
- Tax withholding: 4,246 shares withheld/disposed (code F) at $123.48 each, totaling ~$524,296 (Footnote F2).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — award from performance share unit settlement; F2 — shares withheld to satisfy tax withholding obligations.
Context
- This was a compensation-related award and routine tax withholding (not an open-market sale or new purchase). Such awards reflect pay settlement rather than a discretionary buy/sell decision by the insider and are common after performance cycles are completed.