Corning (NYSE: GLW) EVP Zhang earns performance share units for 2025
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated executive John Z. Zhang reported new performance-based equity awards. On February 4, 2026, he acquired 16,891, 15,591, and 20,932 performance share units (PSUs), each representing a contingent right to one share of Corning common stock, at a price of $0.
The PSUs were earned after the Compensation Committee determined that performance criteria for fiscal year 2025 were satisfied under the 2025, 2024, and 2023 agreements. These earned PSUs remain restricted and are scheduled to vest and convert to common stock on April 14, 2028, April 15, 2027, and April 15, 2026, respectively, subject to continued service-based vesting requirements.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Zhang John Z
Role
Exec. Vice President & CCDO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 16,891 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 15,591 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 20,932 | $0.00 | -- |
Holdings After Transaction:
Performance Share Unit — 16,891 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. 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 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
FAQ
What did Corning (GLW) disclose in John Z. Zhang’s latest Form 4?
Corning reported that executive vice president John Z. Zhang acquired multiple performance share unit awards on February 4, 2026. These derivative awards are tied to Corning common stock and were earned after performance goals for fiscal year 2025 were determined to be satisfied by the Compensation Committee.
What performance period is tied to John Z. Zhang’s Corning PSU awards?
All three performance share unit awards were earned based on fiscal year 2025 performance. The Compensation Committee determined on February 4, 2026, that the performance criteria were satisfied under the 2023, 2024, and 2025 PSU agreements, triggering the earning of those units subject to later vesting.
Were John Z. Zhang’s Corning PSU awards granted at a cash purchase price?
No, the Form 4 shows the performance share units with a transaction price of $0 per unit. These awards are equity-based compensation, earned upon satisfaction of performance criteria and subject to vesting, rather than securities purchased for cash on the open market.