Owens Corning awards retention/transaction bonus to Composites president tied to potential glass reinforcements sale

Owens Corning

Marcio A. Sandri eligible for $660,000 retention bonus if continuously employed until March 1, 2025, or a Qualifying Sale closes.
Transaction bonus of $3M to $6M (based on final sale price) if a Qualifying Sale occurs and Mr. Sandri remains employed through closing.
Bonus opportunity expires Jan 31, 2026 if no Qualifying Sale by then; requires execution of a release of claims.
Bonus awarded by Compensation Committee to retain/incentivize Mr. Sandri during sale process of global glass reinforcements business.

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