[Form 4] CORNING INC /NY Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated senior vice president Ronald L. Verkleeren reported equity compensation activity involving performance share units, restricted stock units, and common stock. On April 15, 2026, he exercised derivative awards, converting 32,571 performance share units and 14,332 restricted stock units into the same number of Corning common shares.
Following these conversions, a total of 22,843 common shares were disposed of to satisfy tax obligations through a tax-withholding disposition, not an open-market sale, at a reported price of $168.27 per share. After the transactions, he directly held 58,143 shares of Corning common stock.
The filing also shows remaining unvested equity awards. These include performance share units covering 24,543 and 8,145 underlying shares and restricted stock units covering 15,333, 11,612, and 4,056 underlying shares. Footnotes indicate these units vest between April 15, 2026 and April 16, 2029, subject to service-based vesting conditions and certain events such as retirement, death, or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,903 shares exercised/converted
Mixed
10 txns
Insider
Verkleeren Ronald L
Role
SVP Emerging Innovations Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 32,571 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 14,332 | $0.00 | -- |
| Exercise | Common Stock | 32,571 | $0.00 | -- |
| Exercise | Common Stock | 14,332 | $0.00 | -- |
| Tax Withholding | Common Stock | 22,843 | $168.27 | $3.84M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 0 shares (Direct);
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 66,654 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, 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. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. 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.
Key Figures
Performance share units exercised: 32,571 units
Restricted stock units exercised: 14,332 units
Total derivative shares exercised: 46,903 shares
+4 more
7 metrics
Performance share units exercised
32,571 units
Converted to common stock on April 15, 2026
Restricted stock units exercised
14,332 units
Converted to common stock on April 15, 2026
Total derivative shares exercised
46,903 shares
Exercise or conversion of derivative securities
Shares withheld for taxes
22,843 shares
Tax-withholding disposition at $168.27 per share
Shares held after transaction
58,143 shares
Direct Corning common stock ownership post-transaction
Remaining PSU underlying shares
24,543 + 8,145 shares
Unvested performance share units, exercise price $0.00
Remaining RSU underlying shares
15,333; 11,612; 4,056 shares
Unvested restricted stock units vesting 2026–2029
Key Terms
Performance Share Unit, Restricted Stock Unit, tax-withholding disposition, service-based vesting requirement, +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.
service-based vesting requirement financial
"subject to service-based vesting requirement"
contingent right financial
"represents a contingent right to receive one share of Corning Incorporated common stock"
