Company: OC
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001370946-25-000077
Chunk: 319

Company: Owens Corning
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 319
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,749 134.40 Vested(210,775)101.30 Forfeited(18,576)107.00 Balance as of December 31, 2024219,075 $117.23 Employee Stock Purchase PlanThe Owens Corning Employee Stock Purchase Plan (“ESPP”) is a tax-qualified plan under Section 423 of the Internal Revenue Code. The purchase price of shares purchased under the ESPP is equal to 85% of the lower of the fair market value of shares of Owens Corning common stock at the beginning or ending of the offering period, which is a six month period ending on May 31 and November 30 of each year. On April 16, 2020, the Company's stockholders approved the Amended and Restated Owens Corning Employee Stock Purchase Plan which increased the number of shares available for issuance under the plan by 4.2 million shares. As of December 31, 2024, 3.0 million shares remain available for purchase.Included in total stock-based compensation expense is $8 million, $7 million and $6 million of expense related to the Company's ESPP for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024, the Company had $4 million of total unrecognized compensation costs related to the ESPP.

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)18.    STOCK COMPENSATION (continued)

The following table shows a summary of employee purchase activity under the ESPP:Twelve Months Ended December 31,202420232022Total shares purchased by employees211,607 287,732 293,364 Average purchase price$132.88 $83.51 $74.19 

 19.    CHANGES IN ACCUMULATED OTHER COMPREHENSIVE DEFICIT

The following table summarizes the changes in accumulated other comprehensive income (deficit):  Twelve Months Ended December 31,(In millions)20242023Currency Translation AdjustmentBeginning balance$(318)$(380)(Loss) gain on foreign currency translation(216)62 Other comprehensive income (loss), net of tax(216)62 Ending balance$(534)$(318)Pension and Other Postretirement AdjustmentBeginning balance$(196)$(301)Amounts