Owens Corning 8-K

What Happened
Owens Corning announced on April 28, 2026 (filed May 1, 2026) that Todd W. Fister (age 51) was promoted to Executive Vice President, Chief Financial and Operating Officer, effective May 1, 2026. Fister has been the company’s Executive Vice President and Chief Financial Officer since September 2023 and previously served as President, Insulation beginning July 2019. He will run both operational and financial functions while the company conducts an external search for a Chief Financial Officer.

Key Details

• Base salary set at $850,000 per year effective with the promotion.
• Target annual cash incentive remains 100% of base salary.
• Annual long-term incentive award target increased to $3,500,000 beginning in 2027.
• Promotional equity award: $1,000,000 in restricted stock units (2023 Stock Plan), generally vesting in full after two years.

Why It Matters
This change consolidates operational and financial leadership under an existing senior executive during a transition period while Owens Corning searches for a dedicated CFO. The filing also discloses increased cash and equity incentives, which are relevant to investors because they affect executive compensation expense and align the promoted executive’s pay with longer-term company performance objectives.