Corning (GLW) SVP Michael O'Day exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Inc. senior vice president Michael Paul O'Day reported equity compensation transactions involving company stock. On February 9, 2026, he exercised 1,091 restricted stock units into common stock at $0 per share, then had 314 common shares withheld at $131.39 per share to cover tax obligations.
After these transactions, O'Day directly owned 30,692 shares of Corning common stock. He also directly held restricted stock units representing 6,460 shares vesting 100% on April 15, 2027, 14,704 shares vesting 100% on April 14, 2028, and 6,244 shares vesting 100% on April 15, 2026, subject to terms such as retirement, death, or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,091 shares exercised/converted
Mixed
6 txns
Insider
O'Day Michael Paul
Role
SVP and GM, Optical Comm.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,091 | $0.00 | -- |
| Exercise | Common Stock | 1,091 | $0.00 | -- |
| Tax Withholding | Common Stock | 314 | $131.39 | $41K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 31,006 shares (Direct)
Footnotes (1)
- 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 15, 2026. 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) granted on February 8, 2023 vest 1/3 after 1 year from the 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) executive Michael O'Day report?
Michael Paul O'Day exercised 1,091 restricted stock units into Corning common stock at $0 per share, then had 314 shares withheld at $131.39 per share for taxes. Following these transactions, he directly owned 30,692 Corning common shares.
What restricted stock units does Corning (GLW) executive Michael O'Day hold?
Michael Paul O'Day holds restricted stock units representing 6,460 shares vesting 100% on April 15, 2027, 14,704 shares vesting 100% on April 14, 2028, and 6,244 shares vesting 100% on April 15, 2026, each convertible into one Corning common share.
How do Michael O'Day's Corning (GLW) RSUs vest over time?
His RSUs vest in three main tranches: 6,460 units vest 100% on April 15, 2027; 14,704 units vest 100% on April 14, 2028; and 6,244 units vest 100% on April 15, 2026. Certain events like retirement or death may accelerate vesting.
What does transaction code M mean in Michael O'Day's Corning (GLW) Form 4?
Transaction code M in Michael Paul O'Day's filing indicates an exercise or conversion of a derivative security. Specifically, 1,091 restricted stock units were converted into an equal number of Corning common shares at an exercise price of $0 per share.