Canovas De La Nuez Jose Manuel 4

What Happened

• Jose Manuel Canovas De La Nuez, President, Insulation at Owens Corning (OC), was granted 1,809 shares on 2026-02-25 in connection with the settlement of performance share units (PSUs). The award is reported as an acquisition at $0.00 (compensation grant).
• Simultaneously, 836 shares were withheld (reported as a disposition) to satisfy tax-withholding obligations at a price of $123.48 per share, equal to $103,229 in aggregate.

Key Details

• Transaction date: 2026-02-25; Form 4 filed: 2026-02-27 (appears timely).
• Award (code A): 1,809 shares acquired at $0.00 (F1: settlement of PSUs for the performance cycle ended 12/31/2025).
• Tax withholding (code F): 836 shares withheld/disposed at $123.48 per share for $103,229 (F2: shares withheld to satisfy tax withholding).
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing accession: 0001370946-26-000080.

Context

• This was a compensation-related award (PSU settlement), not an open-market purchase; the acquisition reflects earned compensation rather than a bullish purchase by the insider.
• The withholding of shares to cover taxes (common with equity awards) is a routine administrative action and should not be interpreted the same as an ordinary insider sale for liquidity.