Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 41

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 41
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| Greif, Inc.                                                                                                                                                                |     | Trex Company, Inc.            |
| JELD-WEN Holding, Inc.                                                                                                                                                     |     | UFP Industries, Inc.          |
| Johnson Controls International plc                                                                                                                                         |     |                               |
| *Masonite was removed from the NYSE upon close of the acquisition by Owens Corning and thus ceased to be included in the 2024 TSR Comparator Group effective May 15, 2024. |     |                               |

The 2024 TSR Comparator Group includes all constituents of our compensation peer group in addition to companies specific to our industry, markets, and global exposure. The criteria used in determining the TSR Comparator Group includes: the size of the companies (measured in terms of annual revenue and market capitalization); industries and geographies in which the companies operate; stock price correlation and volatility relative to the Company.

Effective January 1, 2025, the Committee removed Louisiana-Pacific Corporation and Greif, Inc. from the TSR Comparator Group in order to continue to closely link it to the compensation peer group described above. The Committee will continue to work with its Consultant and Company management to review the ongoing appropriateness of the companies in the TSR Comparator Group.

36

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

#### PERFORMANCE SHARE UNITS – RETURN ON CAPITAL
For the 2024-2026 performance cycle, ROC PSUs will fund from 0% to 200% based upon adjusted return on capital achieved during each year of the three-year performance period. Each annual funding outcome will be averaged to determine the award payout. Beginning with the 2024-2026 performance cycle, the formula to calculate ROC was updated to remove the adjustment for fresh start accounting. This change enabled ROC to be calculated more consistently with investors and benchmarked more appropriately with our peers. Adjusted return on capital for each fiscal year is calculated as adjusted EBIT less adjusted taxes, divided by the sum of average net fixed assets, average working capital, goodwill, and intangibles. This formula may be adjusted for material transactions, accruals or charges as approved by the Committee and thus may differ from return on capital that may be discussed in the context of our financial statements and other public disclosures.

For the 2024-2026 performance cycle, 0% funding will be provided at or below threshold performance, which was set at 8.5% adjusted return on capital, as a proxy for the Company’s long-term