Corning (NYSE: GLW) tech chief exercises 50,914 units, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated’s SVP and Chief Technology Officer Jaymin Amin exercised equity awards and adjusted his shareholdings. He converted 15,355 restricted stock units and 35,559 performance share units into the same number of shares of common stock. After these conversions and related entries, he held 113,878 common shares directly, plus 2,602.1433 shares indirectly through a 401(k) unitized stock fund.
To cover tax obligations tied to these awards, 24,796 common shares were withheld at a price of $168.27 per share, a non‑market, tax-withholding disposition rather than an open-market sale. Amin also continues to hold unvested performance and restricted stock units, including blocks tied to service-based vesting dates in April 2027, April 2028, and April 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,914 shares exercised/converted
Mixed
11 txns
Insider
Amin Jaymin
Role
SVP and Chief Tech. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 15,355 | $0.00 | -- |
| Exercise | Performance Share Unit | 35,559 | $0.00 | -- |
| Exercise | Common Stock | 15,355 | $0.00 | -- |
| Exercise | Common Stock | 35,559 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,796 | $168.27 | $4.17M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Performance Share Unit — 0 shares (Direct);
Common Stock — 103,115 shares (Direct);
Common Stock — 2,602.143 shares (Indirect, Trustee u/Employee Benefit Plan)
Footnotes (1)
- Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement. 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 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. 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. The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
Key Figures
Units Exercised: 50,914 units
Tax Withholding Shares: 24,796 shares
Direct Common Shares Held: 113,878 shares
+5 more
8 metrics
Units Exercised
50,914 units
Total RSUs and PSUs converted to common stock on April 15, 2026
Tax Withholding Shares
24,796 shares
Common shares delivered to cover tax liabilities at $168.27 per share
Direct Common Shares Held
113,878 shares
Direct ownership after reported transactions
Indirect 401(k) Shares
2,602.1433 shares
Units in a unitized stock fund through 401(k) as of March 31, 2026
Performance Share Units Outstanding
26,807 and 10,237 underlying shares
Remaining PSUs, each equal to one share of common stock
Restricted Stock Units Outstanding
16,570; 14,631; 5,689 underlying shares
Remaining RSU awards with future vesting dates
Exercise Transactions
2 derivative exercises
Code M transactions converting RSUs and PSUs into common stock
Tax Withholding Events
1 event
Code F disposition to satisfy tax obligations
Key Terms
Restricted Stock Unit, Performance Share Unit, tax-withholding disposition, unitized stock fund, +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.
unitized stock fund financial
"Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026."
401(k) retirement plan financial
"Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026."
FAQ
What insider transactions did Corning (GLW) executive Jaymin Amin report?
Jaymin Amin exercised equity awards, converting 15,355 restricted stock units and 35,559 performance share units into common shares. He also had 24,796 shares withheld to cover tax obligations, and now holds 113,878 common shares directly plus additional indirect and unvested equity interests.
What restricted stock units remain outstanding for Corning (GLW) executive Jaymin Amin?
After the reported exercises, Amin still holds restricted stock units tied to 16,570, 14,631, and 5,689 underlying common shares. These RSUs each represent a contingent right to one share and vest 100% on specified dates in April 2026, April 2027, April 2028, or April 2029, subject to conditions.