Company: OC
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001370946-25-000205
Chunk: 46

Company: Owens Corning
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 million was accelerated as of June 30, 2025. As of June 30, 2025, the future unrecognized expense related to the converted outstanding RSUs was approximately $8 million which will be recognized over the remaining service period of approximately 1.35 years. Please refer to Notes 8 and 11 of the Consolidated Financial Statements for further information. Future equity-based awards to Company employees who were former Masonite employees may be granted from the remaining available shares under the Masonite Stock Plan. At June 30, 2025, the number of shares remaining available under the Masonite Stock Plan was 0.6 million shares of Owens Corning common stock.The following table summarizes the Company’s RSU activity:Number of RSUsWeighted-AverageFair ValueBalance at December 31, 20241,249,146 $107.31 Granted271,073 175.12 Vested(425,756)112.32 Forfeited(25,906)154.54 Balance at June 30, 20251,068,557 $121.36 As of June 30, 2025, there was $68 million of total unrecognized compensation cost related to RSUs. This total includes $8 million of unrecognized compensation related to converted Masonite equity awards. The remaining $60 million of unrecognized compensation cost is related to RSUs granted under both the Owens Corning Stock Plans and Masonite Stock Plan. That cost is expected to be recognized over a weighted-average period of 1.90 years. The total grant date fair value of shares vested during the six months ended June 30, 2025 and 2024 was $48 million and $64 million, respectively.Performance Share UnitsThe Company has granted performance share units (“PSUs”) as a part of its long-term incentive plan. All outstanding PSUs will fully settle in stock. The amount of shares ultimately distributed from all PSUs is contingent on meeting internal company-based metrics or an external-based stock performance metric. In the six months ended June 30, 2025, the Company granted both internal company-based and external-based metric PSUs. Internal Company-based metricsThe internal Company-based metric PSUs are based on various Company metrics and typically vest after a three-year period. The amount of stock distributed will vary from 0% to 200% of PSUs awarded depending on each award’s design and performance versus the company-based metrics.

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