Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 44

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 44
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 n t s

#### CEO PERFORMANCE ASSESSMENT
In December of each year, the CEO prepares a self-review, discussing the progress made toward each of his individual goals, as well as the Company’s overall financial and operating performance. Each non-management director participates in an evaluation of CEO performance. The Lead Independent Director, in conjunction with the Compensation Committee Chair, led the Board’s assessment of Mr. Chambers’ performance as CEO. The following table summarizes Mr. Chambers’ goals and achievements for 2024:

| OBJECTIVE                                                                                                                                                                                                                                                                                                                              |     | RESULT                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| Safety & Sustainability                                                                                                                                                                                                                                                                                                                |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Deliver continuous improvement in safety performance. Make progress with our 2030 sustainability goals, including environmental impact of our greenhouse gas emissions and waste to landfill. Advance our leadership progress by focusing on a culture of appreciation and belonging through fostering an inclusive environment.       |     | Delivered world class safety performance levels with improvements in injury count and recordable incident rate, in both legacy Owens Corning sites and newly acquired Doors sites.  Continued to make progress on the Company’s 2030 sustainability goals, including significantly reducing greenhouse gas emissions and waste to landfill from 2023. Continued advancements in ensuring a culture of appreciation and bias-free employee experience. |
| Financial Performance                                                                                                                                                                                                                                                                                                                  |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Deliver adjusted EBIT and top line growth consistent with the internal business plan, market opportunities, and investor expectations for earnings, return on capital, and cash flow. Demonstrate operational flexibility and strong operating margins.                                                                                |     | Delivered record adjusted EBIT and high-teen-percentage adjusted EBIT margins. Demonstrated operational flexibility to deliver strong financial results amidst mixed market conditions. Recognized positive price/cost mix and higher productivity while overcoming inflation and lower volumes.                                                                                                                                                      |
| Balance Sheet                                                                                                                                                                                                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Deliver strong free cash flow conversion as a percentage of adjusted net income, through management of working capital and capital expenditures. Execute capital allocation strategy that provides liquidity, maintains an investment-grade credit rating, and maintains our cash flow commitments to stockholders over the long term. |     | Continued focus on managing working capital and capital expenditure investments in 2024. Completed the largest acquisition in Company history. Returned $638 million to stockholders through dividends and share repurchases. Increased dividend to stockholders by approximately 15%.                                                                                                                                                                |
| Enterprise Strategy                                                                                                                                                                                                                                                                                                                    |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Translate strategy execution