Corning CFO exercises PSUs, uses shares for taxes
Corning Incorporated’s Exec.
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Rhea-AI Filing Summary
Corning Incorporated’s Exec. Vice President and CFO Edward A. Schlesinger reported equity compensation activity in company stock. On February 9, 2026, he exercised 1,415 performance share units into the same number of common shares at $0 per share, then surrendered 723 shares at $131.39 to cover taxes, leaving 55,472 common shares held directly. He also holds performance share units for 43,981, 35,275, and 16,953 shares that remain restricted and are scheduled to vest and convert to stock between April 2026 and April 2028, subject to service-based vesting conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 1,415 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,415 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 723 | $131.39 | $95K |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
Footnotes (5)
- F1. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- F3. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- F4. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- F5. The performance share units (PSUs) earned February 7, 2024 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.
FAQ
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What insider transaction did Corning (GLW) report for its CFO?
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