Owens Corning (OC) President Jose Canovas Withholds 1,070 Shares

What Happened Jose Manuel Canovas De La Nuez, President, Insulation at Owens Corning, had 1,070 restricted stock unit (RSU) shares withheld to satisfy tax withholding obligations upon vesting. The shares were valued at $143.13 each, for a total of $153,149. This was a tax-withholding disposal (transaction code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-07-28; Filing date: 2026-07-30 (timely filing).
• Disposed/withheld: 1,070 shares at $143.13 per share; total value $153,149.
• Transaction code: F — shares withheld upon RSU vesting to cover tax obligations (see footnote F1).
• Footnote F2: Filing notes an acquisition of 140 shares on May 29, 2026 via the company ESPP, which is exempt under Rule 16b-3(c).
• Shares owned after the transaction: not specified in the excerpted filing; F2 indicates the filer also holds shares acquired through the ESPP.

Context Withholding shares to cover tax on vested RSUs is a routine administrative action and does not necessarily signal the insider's view of the company. Unlike open-market sales or purchases, these transactions are performed to satisfy tax requirements and are common following equity vesting events.