Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 48

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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 Vested— — Forfeited(22,749)166.54 Balance at June 30, 2025316,647 $147.57 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 June 30, 2025, 2.9 million shares remain available for purchase. 

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)(unaudited)

Included in total stock-based compensation expense is $2 million and $5 million of expense related to the Company’s ESPP recognized during the three and six months ended June 30, 2025, respectively. During the three and six months ended June 30, 2024, the Company recognized expense of $2 million and $4 million, respectively, related to the Company’s ESPP. As of June 30, 2025, there was $3 million of total unrecognized compensation cost related to the ESPP.

15.    EARNINGS PER SHARE

The following table is a reconciliation of weighted-average shares for calculating basic and diluted earnings per share:Three Months EndedJune 30,Six Months EndedJune 30,(In millions, except per share amounts)2025202420252024Net earnings from continuing operations attributable to Owens Corning$334 $256 $589 $534 Net earnings (loss) from discontinued operations attributable to Owens Corning, net of tax29 29 (319)50 NET EARNINGS ATTRIBUTABLE TO OWENS CORNING$363 $285 $270 $584 Weighted-average number of shares outstanding used for basic earnings per share85.0 87.2 85.4 87.3 Unvested restricted stock units and