CFO at Corning (NYSE: GLW) sells 22,562 shares in market trade
Rhea-AI Filing Summary
Corning Inc. executive vice president and CFO Edward A. Schlesinger sold 22,562 shares of Corning common stock in an open‑market transaction. The weighted average sale price was reported as $186.076 per share, with individual trades executed between $185.00 and $187.15 per share.
After this sale, Schlesinger directly holds 65,264 Corning shares. The filing notes that the price is a weighted average and that detailed breakdowns of the number of shares sold at each specific price within the stated range are available upon request.
Positive
- None.
Negative
- None.
Insights
Corning’s CFO executed a notable open‑market share sale while retaining a substantial direct position.
The filing shows CFO Edward A. Schlesinger completed an open‑market sale of 22,562 shares of Corning common stock at a weighted average price of $186.076 per share. Trades occurred within a $185.00–$187.15 range, indicating execution across multiple price levels.
Following the transaction, Schlesinger directly owns 65,264 shares. This suggests he realized liquidity on part of his holdings while maintaining a meaningful equity stake. The footnote characterizes the sale solely in pricing terms; it does not reference a Rule 10b5‑1 trading plan or other pre‑arranged structure in the provided excerpt.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 22,562 | $186.076 | $4.20M |
Footnotes (1)
- [object Object]
Key Figures
Key Terms
weighted average price financial
open-market sale financial
transaction code S regulatory
reporting person regulatory
FAQ
What did Corning (GLW) CFO Edward Schlesinger do in this Form 4 filing?
Corning CFO Edward A. Schlesinger reported an open‑market sale of 22,562 common shares. The transaction was executed at a weighted average price of $186.076 per share, with multiple trades across a stated price range.
Was the Corning (GLW) CFO’s transaction an open‑market sale or something else?
The Form 4 characterizes the transaction as an open‑market sale of common stock, using transaction code S. This indicates a sale executed in the market or a private transaction, rather than a grant, option exercise, gift, or tax‑withholding event.
Does the Corning (GLW) Form 4 disclose detailed pricing for each trade?
The filing provides a weighted average price and a price range from $185.00 to $187.15. It states that full information on the number of shares sold at each specific price within that range is available upon request from the reporting person.