Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 72

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 72
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| Top-Hat Plan (3)  |     |                    |      | — |     |     — |                 |     |       |                            — |     |                 |
| Total             |     |                    |      | — |     |     — |                 |     |       |                            — |     |                 |

(1) These values are calculated in accordance with requirements of the Accounting Standards Codification No. 715.

(2) Refers to benefits under the Company’s Cash Balance Pension Plan.

(3) Refers to benefits under the Company’s non-qualified Executive Supplemental Plan.

The Company maintains a tax-qualified noncontributory defined benefit cash balance pension plan (the “Cash Balance Plan”) covering certain salaried and hourly employees in the United States, including certain NEOs. Under the Cash Balance Plan, for each year prior to January 1, 2010, eligible employees generally earned a benefit of 4% of such employee’s covered pay. This was referred to under the Cash Balance Plan as a “Pay Credit.” Covered pay was defined generally as base pay and certain annual incentive compensation amounts payable during the year. Effective January 1, 2010, the Cash Balance Plan was amended to eliminate Pay Credit accruals and was closed to new participation. Accrued benefits continue to earn monthly interest based on the average interest rate for five-year United States treasury securities. Employees with an accrued benefit under the Cash Balance

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Plan vest in that benefit once they have completed three years of service. Vested employees may receive their benefit under the Cash Balance Plan as a lump sum or as a monthly payment when they leave the Company.

Each participating NEO would have been entitled to payment of their vested accrued benefit under the tax-qualified plan in the event of a termination occurring on December 31, 2024, valued as a lump-sum payable as of that date as follows: Mr. Sandri, $24,898, and Mr. Smith, $10,727. Mr. Chambers, Mr. Fister, and Ms. Beredo do not participate in the Cash Balance Plan.

In addition to the tax-qualified pension plan, the Company maintains supplemental pension benefits, including the Executive Supplemental Plan that pays eligible employees leaving the Company the difference between the benefits payable under the Company’s tax-qualified pension