Owens Corning (OC) Director Alfred E. Festa Receives Stock Award
$OC · Owens CorningResearch Summary
AI-generated summary of this SEC filing
Owens Corning (OC) Director Alfred E. Festa Receives Stock Award
What Happened
Alfred E. Festa, a director of Owens Corning (OC), received equity awards (transaction code A) on Aug 6 and Aug 7, 2026. The grants consisted of 67.74 shares at $150.60 (value $10,202) on Aug 6 and 315 shares at $157.10 (value $49,487) on Aug 7, for a combined total of 382.74 shares valued at approximately $59,689. These were awards/deferred-share acquisitions (not open-market purchases or sales).
Key Details
- Transaction dates and prices:
- 2026-08-06: 67.74 shares @ $150.60 — $10,202 (award)
- 2026-08-07: 315 shares @ $157.10 — $49,487 (award)
- Total received: 382.74 shares, ~ $59,689.
- Transaction code: A (grant/award/other acquisition).
- Filing: Form 4 filed Aug 10, 2026 (appears to be within standard reporting timeframe for these transactions).
- Shares owned after transaction: Not disclosed in the provided filing details.
- Footnotes:
- F1: Accrual of dividend equivalents on deferred stock units.
- F2: Deferred share portion of quarterly director retainer/fees.
Context
These awards appear to represent deferred compensation and dividend equivalents tied to director retainer/fees rather than an active market purchase by the director. Such grants are routine for board members and reflect compensation policy rather than a direct signal about the director’s personal bullishness or bearishness.