Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 45

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 45
---
 into value recognition for the enterprise. Continue to build acquisition capabilities and pipeline to support vision and strategy that will deliver long-term financial objectives and drive stockholder value creation.                                                                                  |     | On track to deliver 3-year financial objectives. Built new capabilities to support enterprise strategy. Made progress towards structural changes commercially and operationally to improve the Company’s growth and performance. Integration of Masonite remains on track to deliver planned synergies. Continued to build-out acquisition pipeline as well as evaluation and integration capabilities to support enterprise strategy.                |
| Talent                                                                                                                                                                                                                                                                                                                                 |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Execute on talent development and succession plans.                                                                                                                                                                                                                                                                                    |     | Reduced voluntary turnover for global leadership roles despite dynamic labor market. Successfully transitioned several executive leadership roles, including the Doors President and other key leaders of Doors leadership team.                                                                                                                                                                                                                      |
| Board Leadership                                                                                                                                                                                                                                                                                                                       |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Enable Board alignment with key operational, strategic, talent and sustainability initiatives, while ensuring strong governance and oversight. Recruit and onboard high quality  board members.                                                                                                                                        |     | Aligned a highly engaged Board on the key strategic, operational, and governance issues. Continued to leverage external experts to provide market and operational benchmarking relating to the Company’s enterprise strategy, valuation, and governance. Leveraged Lincoln Electric Holdings, Inc. (Nasdaq: LECO) board experience to expand perspective and help ensure strong governance practices.                                                 |

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

DETAILS REGARDING 2024 PAY DECISIONS FOR NAMED EXECUTIVE OFFICERS

In this section, we review and explain the specific 2024 compensation decisions for each of our NEOs.

#### CORPORATE INCENTIVE PLAN
For 2024, CIP funding for corporate performance was based upon adjusted EBIT. The performance criteria were set by the Committee in February 2024 with target performance at $1,710 million. The funding targets and outcomes were as follows (dollars displayed in millions):

| CIP METRIC                                                           |     |   |       | THRESHOLD    
 (0% FUNDING) |   |       | GATE 1        
 (50% FUNDING) |   |       | TARGET         
 (100% FUNDING) |   |       | MAXIMUM        
 (200% FUNDING) |   |       | 2024 ACTUAL   |     |     | FUNDING |     |