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Insider Trends: Owens Corning Insider Awarded Shares Uses Portion to Pay Taxes, Easing 90-Day Buy Trend

· 02/05/2021 11:40

04:36 PM EST, 02/05/2021 (MT Newswires) -- On Feb 03, 2021, Brian Chambers, Director and Chair, President and CEO, awarded 30,841 shares in Owens Corning (OC) and sold 1,697 shares concurrently to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 29,144 company shares. Chambers, after the transactions defined in the SEC Form 4 filing, owns 159,004 shares of the company, which have a market value of $13.2 million as of the prior-day closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 25 insider transactions reported to the SEC for Owens Corning. These transactions came from the activities of 17 different insiders that resulted in a net disposition of 7,754 company shares. Relative to the preceding 90-day window of time, there were 28 transactions from 18 insiders and resulted in the net disposition of 209 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1370946/000120919121008069/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.