Corning (NYSE: GLW) CEO Weeks reports major PSU awards and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Inc. Chairman, CEO and President Wendell P. Weeks reported multiple equity compensation events dated February 4, 2026. Performance share units (PSUs) earned for fiscal year 2025 under 2023, 2024 and 2025 agreements were credited in amounts of 120,365, 80,500 and 62,315 units, each representing the right to receive one share of common stock.
The filing also shows PSU vestings of 5,410, 2,209 and 2,854 units converting to common stock and a disposition of 10,473 common shares at $109.69 to satisfy tax withholding. After these transactions, Weeks directly held 742,369 shares of Corning common stock, plus various PSU awards subject to time-based vesting schedules into 2026–2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,473 shares exercised/converted
Mixed
14 txns
Insider
WEEKS WENDELL P
Role
Chairman, CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 120,365 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 80,500 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 62,315 | $0.00 | -- |
| Exercise | Performance Share Unit | 5,410 | $0.00 | -- |
| Exercise | Performance Share Unit | 2,209 | $0.00 | -- |
| Exercise | Performance Share Unit | 2,854 | $0.00 | -- |
| Exercise | Common Stock | 5,410 | $0.00 | -- |
| Exercise | Common Stock | 2,209 | $0.00 | -- |
| Exercise | Common Stock | 2,854 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,473 | $109.69 | $1.15M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 241,020 shares (Direct);
Common Stock — 747,779 shares (Direct);
Common Stock — 9,200 shares (Indirect, Held by Spouse)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. The reporting person disclaims beneficial ownership of all securities held by spouse. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2026. Performance share units (PSUs) were earned February 7, 2024 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2023 pursuant to the 2023 agreement. Earned PSUs remain restricted until vesting. The earned units will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date. Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2025 agreement. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement. Vesting to satisfy tax requirement pursuant to the 2023 agreement. Vesting to satisfy tax requirements pursuant to the 2025 agreement. Vesting to satisfy tax requirement pursuant to the 2024 agreement.
FAQ
What insider transactions did Corning (GLW) CEO Wendell Weeks report?
Wendell Weeks reported several equity compensation transactions on February 4, 2026, including newly earned performance share units and vestings that converted units into common stock. The filing also records a share disposition used to cover tax withholding obligations tied to those vesting events.
What are the vesting terms for Wendell Weeks’ recent Corning (GLW) PSU awards?
The PSUs earned for fiscal 2025 under 2023, 2024 and 2025 agreements remain restricted until scheduled vesting dates. They are expected to vest and convert to common stock in tranches on April 15, 2026, April 15, 2027 and April 14, 2028, subject to service-based vesting requirements.
How does the Corning (GLW) Form 4 treat securities held by Wendell Weeks’ spouse?
The Form 4 notes common stock and plan units held by Wendell Weeks’ spouse and in a spouse-related employee benefit plan, but states he disclaims beneficial ownership of all such securities. These positions are reported as indirect holdings, distinct from his directly owned shares and PSU awards.