Michael J. DeVito, a director at Owens Corning, has reported the acquisition of 104 shares of the company’s common stock. This transaction, filed on November 9, 2026, indicates DeVito's ongoing confidence in the company's performance and future prospects.
Owens Corning is a prominent player in the construction materials industry, known for its manufacturing of insulation, roofing, and fiberglass composites. The company operates under the ticker symbol OC and is listed on the New York Stock Exchange. Its recent filing history includes several Form 4 submissions, indicating active trading by its directors.
According to the filing, DeVito acquired the shares on November 6, 2026, at a price of $121.31 per share. Following this acquisition, DeVito now owns a total of 104 shares directly. The filing noted that the shares were part of the deferred share portion of his quarterly director retainer and fees.
Additionally, the filing mentioned that DeVito's spouse holds 100 shares of Owens Corning's common stock, but he disclaims beneficial ownership of these securities, except for any pecuniary interest.
This acquisition may affect shareholders and potential investors by signaling DeVito's belief in Owens Corning's ongoing success. The construction materials industry continues to adapt to market changes, and insider transactions like this can provide insights into company health and future performance.
The filing does not say what happens next regarding further transactions or company announcements.
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