Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 50

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 50
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, Mr. Sandri was eligible for a one-time payment of $660,000 by remaining continuously employed with the Company until the earliest of: (1) March 1, 2025; (2) the date on which the closing of the sale of all or substantially all of the assets of the Glass Reinforcements business occurs (a “Qualifying Sale”); (3) the date on which the Company cancels or withdraws from a contract or agreement the closing of which would constitute a Qualifying Sale (unless the Company does so to pursue another arrangement of sale for the Glass Reinforcements business); or (4) the date on which the Company completes a strategic disposition of the Glass Reinforcements business other than a Qualifying Sale, such as a spin-off. Mr. Sandri could have also earned the Retention Bonus if we terminated his employment without cause at any point following the signing of an agreement for a Qualifying Sale or following the Company’s announcement of a strategic disposition of the Glass Reinforcements business and prior to closing of the Qualifying Sale or successful completion of the disposition, respectively. Mr. Sandri earned the Retention Bonus by remaining employed with the Company through March 1, 2025.

The Retention Bonus was designed to retain and incentivize Mr. Sandri during the Company’s ongoing strategic review of the Glass Reinforcements business while he continued to lead the Composites business, execute on the Company’s overall business strategy, and serve his executive officer responsibilities in the acquisition and integration of Masonite. Retaining Mr. Sandri’s

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T a b l e o f C o n t e n t s

unique skill set and deep industry knowledge within Composites, and specifically Glass Reinforcements, was important to secure a successful review of the business, to ensure ongoing operations of Composites, and to maximize the value of the Glass Reinforcements business, which collectively delivered stockholder value.

#### SANDRI TRANSACTION BONUS
In connection with the announcement noted above, in February 2024, the Committee also approved a transaction-based cash bonus award opportunity for Mr. Sandri (the “Transaction Bonus”). Similar to the Retention Bonus, the Transaction Bonus was also designed to retain and incentivize Mr. Sandri during the Company’s ongoing efforts to divest the Glass Reinforcements business. The terms of the Transaction Bonus were constructed to reward Mr. Sandri for maximizing stockholder value by connecting the amount of the cash-based Transaction Bonus, which ranges from $3,000,000 to $6