Corning (NYSE: GLW) CFO nets new shares after PSU vesting
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,415 shares exercised/converted
Mixed
6 txns
Insider
Schlesinger Edward A
Role
Exec. Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 1,415 | $0.00 | -- |
| Exercise | Common Stock | 1,415 | $0.00 | -- |
| Tax Withholding | Common Stock | 723 | $131.39 | $95K |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 0 shares (Direct);
Common Stock — 56,195 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. 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. 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
What insider transaction did Corning (GLW) report for its CFO?
Corning reported that CFO Edward A. Schlesinger exercised 1,415 performance share units into common stock at $0 per share. He then surrendered 723 shares at $131.39 to satisfy tax obligations, ending with 55,472 common shares held directly after these equity compensation-related transactions.
What does transaction code M mean in the Corning (GLW) Form 4?
In this Form 4, transaction code M denotes an exercise or conversion of derivative securities. Corning’s CFO exercised 1,415 performance share units under this code, receiving 1,415 common shares at $0 per share, reflecting the settlement of equity incentive compensation rather than a market purchase.