Corning (GLW) CEO Wendell Weeks exercises 100k options and sells 100k shares
Rhea-AI Filing Summary
Corning Inc. Chairman, CEO and President Wendell P. Weeks reported an exercise-and-sell stock transaction. On June 9, 2026, he exercised 100,000 Stock Options (Right to Buy) for Common Stock at $27.03 per share and acquired 100,000 shares.
On the same date, he sold 100,000 Corning Common Stock shares in an open-market transaction at a weighted average price of $186.4607 per share, leaving 908,353 shares held directly. The filing also shows 49,849 stock options remaining after the exercise, units equivalent to 11,762.8652 shares in a 401(k) unitized stock fund, and additional indirect holdings reported as held by his spouse, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insights
Weeks exercised 100,000 options and sold an equal number of Corning shares, while retaining a large direct stake.
Wendell P. Weeks exercised 100,000 stock options at a strike price of $27.03 per share, converting a derivative award into common stock. He then sold 100,000 common shares at a weighted average of $186.4607, creating a classic exercise-and-sell pattern.
Following these transactions, he still holds 908,353 shares directly and 49,849 remaining options that expire on April 2, 2028. The sale represents only a portion of his visible equity exposure in Corning, with additional indirect interests through a 401(k) unitized stock fund and spouse-held shares, though he disclaims beneficial ownership of the spouse holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 100,000 | $0.00 | -- |
| Exercise | Common Stock | 100,000 | $27.03 | $2.70M |
| Sale | Common Stock | 100,000 | $186.4607 | $18.65M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $183.83 to $190.005, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote. The reporting person disclaims beneficial ownership of all securities held by spouse. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of May 29, 2026. The options vested 100% at the end of three years from grant date.