USG Corporation (NYSE:USG) Files An 8-K Other EventsItem 8.01 Other Events.
On August 23, 2017, Jennifer F. Scanlon, President and Chief Executive Officer of USG Corporation (the“Company”), adopted a stock trading plan related to the exercise of stock options that are scheduled to expire in February 2018 and the sale of the underlying Company common stock. Subject to the trading plan provisions, including certain minimum price levels, transactions may take place through February 2018.
Ms. Scanlon entered into the plan to avoid any option expirations and for investment diversification.
The trading plan is intended to satisfy the requirements of Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, and was adopted in accordance with the Company’s policies regarding securities transactions. Rule 10b5-1 permits individuals who are not in possession of material, non-public information at the time the plan is adopted to establish pre-arranged plans to buy or sell company stock.
Transactions under this plan will be disclosed publicly through Form 4 filings with the Securities and Exchange Commission, to the extent required by law.
About USG Corporation (NYSE:USG)
USG Corporation is a manufacturer and distributor of building materials. The Company produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products. Its Gypsum segment products include walls, ceilings, roofs and floors of residential, commercial and institutional buildings. Its Ceilings segment is a supplier of interior ceilings products. Its products include ceiling tile and ceiling grid. Its Distribution segment consists of L&W Supply Corporation is a distributor of gypsum wallboard and other building materials. USG Boral Building Products segment manufactures and distributes products for wall, ceiling, floor lining and exterior systems that utilize gypsum wallboard.