Corning (NYSE: GLW) SVP nets 28,937 shares after equity vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated senior vice president Stefan Becker reported routine equity-compensation activity. On April 29, 2026, he exercised vested performance share units and restricted stock units into a total of 2,795 shares of common stock and delivered 2,795 shares at $151.90 per share to satisfy tax obligations.
Following these transactions, Becker directly held 28,937 shares of Corning common stock. He also held restricted stock units covering 4,846 underlying shares, which vest 100% on April 16, 2029, subject to earlier vesting under conditions such as retirement, death, or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,795 shares exercised/converted
Mixed
10 txns
Insider
Becker Stefan
Role
SVP, Finance & Corp Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 674 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 619 | $0.00 | -- |
| Exercise | Performance Share Unit | 1,073 | $0.00 | -- |
| Exercise | Performance Share Unit | 429 | $0.00 | -- |
| Exercise | Common Stock | 674 | $0.00 | -- |
| Exercise | Common Stock | 619 | $0.00 | -- |
| Exercise | Common Stock | 1,073 | $0.00 | -- |
| Exercise | Common Stock | 429 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,795 | $151.90 | $425K |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 14,018 shares (Direct, null);
Performance Share Unit — 22,333 shares (Direct, null);
Common Stock — 28,937 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. Vesting to satisfy tax requirement pursuant to the 2024 agreement. Vesting to satisfy tax requirement pursuant to the 2025 agreement. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
Key Figures
Shares withheld for taxes: 2,795 shares
Withholding price: $151.90 per share
Shares acquired via exercises: 2,795 shares
+3 more
6 metrics
Shares withheld for taxes
2,795 shares
Common stock delivered under code F on April 29, 2026
Withholding price
$151.90 per share
Price applied to 2,795 shares for tax requirement
Shares acquired via exercises
2,795 shares
Common stock from derivative exercises (code M) on April 29, 2026
Direct holdings after transactions
28,937 shares
Total Corning common stock directly owned following April 29, 2026 activity
RSUs outstanding
4,846 underlying shares
Restricted stock units convertible into Corning common stock, held directly
RSU vesting date
April 16, 2029
RSUs vest 100% on this date, subject to earlier vesting events
Key Terms
Restricted Stock Unit, Performance Share Unit, tax-withholding disposition, vesting, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"The restricted stock units (RSUs) vest 100% on April 16, 2029."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
FAQ
What insider transactions did Corning (GLW) SVP Stefan Becker report?
Stefan Becker reported routine equity-compensation transactions. He exercised vested performance share units and restricted stock units into 2,795 common shares and had 2,795 shares withheld at $151.90 per share to cover tax obligations, without any open-market buying or selling.
Was the Corning (GLW) insider transaction an open-market sale?
No, the Form 4 shows tax-withholding instead of an open-market sale. The 2,795 shares labeled with code F were delivered to satisfy tax liabilities related to equity awards, not sold on the open market, making this a routine administrative transaction.
What equity awards does Stefan Becker still hold at Corning (GLW)?
Becker continues to hold restricted stock units covering 4,846 underlying shares. Footnotes state these RSUs vest 100% on April 16, 2029, although retirement, death, disability, or other events specified in the agreements may cause them to vest earlier than that date.
What does the tax-withholding code F mean in Corning (GLW) Form 4?
Code F indicates shares delivered to pay taxes on equity awards. In this filing, 2,795 Corning common shares at $151.90 per share were used to satisfy tax requirements tied to the vesting and exercise of Becker’s performance share units and restricted stock units.