Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 31

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 31
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 compensation policies that promote sustainable growth while managing potential risks.

In 2024, the Company announced three key portfolio moves: (1) the acquisition of Masonite International Corporation (“Masonite”), a leading global provider of interior and exterior doors and doors systems, (2) the strategic review of its global glass reinforcements (“Glass Reinforcements”) business within the Composites reporting segment and (3) the sale of the building materials business in China and Korea. In May 2024, the Company closed on its purchase of Masonite for $133 per share, with an implied transaction value of approximately $3.9 billion. The Masonite acquisition further strengthened the Company’s market-leading position in branded building products and has enabled the Company to expand its offerings to meet the needs of its customer base.

The Company achieved key financial results in 2024, delivering approximately $11.0 billion in revenue and $2 billion in adjusted earnings before interest and taxes (“adjusted EBIT”)*, while operating in dynamic market conditions. The Company continued to generate strong free cash flow and expand its margins, realizing its 18 th consecutive quarter of 20%+ adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) margins. We maintained our disciplined capital allocation strategy, returned $638 million to our stockholders and increased our dividend for an 11 th consecutive year, while continuing to invest in our growth.

Overall, we believe our incentive programs are aligned to stockholder value creation and these performance outcomes reflect our strong commitment to aligning pay and short- and long-term performance within our executive compensation programs.

For 2024, our NEOs are:

| NAME               |     | TITLE                                                                      |     | PERIOD OF EMPLOYMENT    |
| Brian D. Chambers  |     | Board Chair, President and Chief Executive Officer                         |     | April 2011 – present    
 July 2000 – August 2007 |
| Todd W. Fister     |     | Executive Vice President and CFO                                           |     | November 2014 – present |
| Gunner S. Smith    |     | President, Roofing                                                         |     | November 2008 – present |
| Marcio A. Sandri** |     | President, Composites                                                      |     | August 2000 – present   |
| Gina A. Beredo     |     | Executive Vice President, General Counsel and Corporate Secretary          
 Executive Vice President, Chief Administrative Officer and General Counsel |     | June 2021 – March 2025  
 March