Corning (NYSE: GLW) SVP earns new performance share unit awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated SVP and General Counsel MichauNe D. Tillman reported new performance share unit awards. On February 4, 2026, 6,848 PSUs and 8,592 PSUs were earned after the Compensation Committee determined that fiscal 2025 performance criteria were satisfied under 2025 and 2024 agreements.
Each PSU represents the right to receive one share of Corning common stock. The PSUs remain restricted and are scheduled to vest and convert to common stock on April 15, 2027 and April 14, 2028, subject to continued service. Following these transactions, Tillman directly held 16,380 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
TILLMAN MICHAUNE D
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 6,848 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 8,592 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 6,848 shares (Direct);
Common Stock — 16,380 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. 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. 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.
FAQ
What insider transaction did Corning (GLW) report for MichauNe D. Tillman?
Corning reported that SVP and General Counsel MichauNe D. Tillman earned new performance share units on February 4, 2026. These derivative awards represent future rights to common stock and reflect compensation tied to Corning’s fiscal 2025 performance under previously approved agreements.
What triggered the earning of PSUs for Corning (GLW) SVP MichauNe D. Tillman?
The PSUs were earned after Corning’s Compensation Committee determined fiscal 2025 performance criteria were satisfied. This decision on February 4, 2026 applied to awards under both the 2024 and 2025 performance agreements, converting them into earned but still restricted performance share units.