Company: OC
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001370946-25-000125
Chunk: 49

Company: Owens Corning
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 49
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 index, resulting in 200% funding.

The Company’s 2022-2024 ROC awards utilized the following payout structure: 0% funding was provided for below threshold performance; threshold performance resulted in 50% funding; target performance resulted in 100% funding; maximum performance resulted in 200% funding; and payouts were to be interpolated on a straight-line mathematical basis for performance between threshold and target or between target and maximum levels. Actual performance resulted in a payout of 200% of target. Specifically, the Company’s ROC performance for 2022, 2023, and 2024 was 23.3%, 23.0%, and 26.7%, respectively, against the threshold of 7.5%, the target of 16.0% and the maximum of 18.5%.

The Company’s 2022-2024 FCFC awards utilized the following payout structure: 0% funding was provided for below threshold performance; threshold performance resulted in 50% funding; target performance resulted in 100% funding; maximum performance resulted in 200% funding; and payouts were to be interpolated on a straight-line mathematical basis for performance between threshold and target or between target and maximum levels. Actual performance resulted in a payout of 118% of target. Specifically, the Company’s FCFC performance for 2022, 2023, and 2024 was 107.9%, 94.0%, and 93.9%, respectively, against the threshold of 75%, the target of 100% and the maximum of 110%.

As noted above, ROC and FCFC performance reflects adjustments for material transactions, accruals, or charges as approved by the Committee, and thus may differ from our return on capital and free cash flow conversion discussed in our financial statements and other public disclosures. The value of the 2022-2024 LTI grant payouts is included in the “2024 Option Exercises and Stock Vested Table.”

#### SPECIAL COMPENSATION AWARD OPPORTUNITIES

#### SANDRI RETENTION BONUS
In February 2024, the Company announced two key portfolio transformations to drive profitable growth and create value for stockholders: (1) its review of strategic alternatives for our Glass Reinforcements business and (2) its acquisition of Masonite. In connection with that announcement, in March 2024, the Committee approved a retention-based cash bonus award opportunity (“Retention Bonus”) for Mr. Sandri in his role as President, Composites. Under this award