Company: OC
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001370946-25-000241
Chunk: 50

Company: Owens Corning
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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%33.88%Risk free interest rate4.14%3.94%Expected term (in years)2.902.91Grant date fair value of units granted$221.54$195.95The risk-free interest rate was based on zero-coupon United States Treasury STRIPS at the grant date. The expected term represents the period from the grant date to the end of the three-year performance period.PSU SummaryAs of September 30, 2025, there was $21 million total unrecognized compensation cost related to PSUs. That cost is expected to be recognized over a weighted-average period of 1.83 years. The following table summarizes the Company’s PSU activity:Number of PSUsWeighted-AverageGrant DateFair ValueBalance at December 31, 2024219,075 $117.23 Granted120,321 188.47 Vested— — Forfeited(55,338)155.49 Balance at September 30, 2025284,058 $147.55 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 September 30, 2025, 2.9 million shares remain available for purchase. Included in total stock-based compensation expense is $2 million and $7 million of expense related to the Company’s ESPP recognized during the three and nine months ended September 30, 2025, respectively. During the three and nine months ended September 30, 2024, the Company recognized expense of $2 million and $6 million, respectively, related to the Company’s ESPP. As of September 30, 2025, there was $1 million of total unrecognized compensation cost related to the ESPP.

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Table of ContentsOWENS CORNING AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANC