Corning retired president reports PSUs and tax sale
Corning Inc. retired president Eric S. Musser reported equity compensation activity and related tax withholding on common stock and performance share units.
Rhea-AI Filing Summary
Corning Inc. retired president Eric S. Musser reported equity compensation activity and related tax withholding on common stock and performance share units. On February 4, 2026, several performance share units converted into common stock at $0 exercise price, while 3,284 common shares were disposed of at $109.69 to cover taxes.
On the same date, Musser was credited with new blocks of performance share units, including 17,120, 30,227, and 45,196 units tied to 2023–2025 agreements. These units were earned after performance criteria for fiscal 2025 were met and will remain restricted until scheduled vesting dates in 2026, 2027, and 2028, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 610 | $0.00 | $0.00 |
| Exercise | Performance Share Unit | 1,072 | $0.00 | $0.00 |
| Exercise | Performance Share Unit | 1,602 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 17,120 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 30,227 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 45,196 | $0.00 | $0.00 |
| Exercise | Common Stock | 610 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,072 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,602 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,284 | $109.69 | $360K |
Footnotes (7)
- F1. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. Vesting to satisfy tax requirement pursuant to the 2025 agreement.
- F3. Vesting to satisfy tax requirement pursuant to the 2024 agreement.
- F4. Vesting to satisfy tax requirement pursuant to the 2023 agreement.
- F5. 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.
- F6. 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.
- F7. 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.
FAQ
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