Fister Todd W 4
Research Summary
AI-generated summary
Owens Corning (OC) CFO Todd W. Fister Receives Award, Withholds Shares
What Happened
- Todd W. Fister, Chief Financial Officer of Owens Corning (OC), was awarded 10,309 shares on 2026-02-25 in settlement of performance share units (PSUs). The award shares have a reported acquisition price of $0.00.
- To satisfy tax withholding obligations, 4,754 of those shares were withheld (disposed) at an implied value of $123.48 per share, totaling $587,024. After withholding, a net 5,555 shares were delivered to Fister.
- This was an award/settlement transaction (not an open-market purchase or indicative sale for investment sentiment); withholding for taxes is a routine administrative step.
Key Details
- Transaction date: 2026-02-25; Form filed: 2026-02-27 (timely, within typical 2-business-day window).
- Award: 10,309 shares (code A; acquisition at $0.00).
- Withholding/Disposition: 4,754 shares withheld for taxes (code F) at $123.48/share, proceeds/withholding value $587,024.
- Net shares delivered to insider: 5,555.
- Footnotes: F1 — settlement of PSUs for performance cycle ended Dec 31, 2025. F2 — shares withheld upon settlement to satisfy tax withholding obligations.
- Not an open-market sale; the withheld shares were retained by the company/broker to cover taxes.
Context
- PSUs are performance-based awards that convert to shares when performance and vesting conditions are met; withholding a portion to cover taxes is common and does not necessarily indicate a change in the insider’s view of the stock.
- Transaction codes: A = award/grant; F = shares withheld/disposed to cover tax liabilities.