Corning (NYSE: GLW) SVP converts RSUs to shares and uses stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated Senior Vice President & CDIO Soumya Seetharam reported equity compensation activity involving company stock. On February 9, 2026, 2,261 restricted stock units were exercised and converted into an equal number of Corning common shares at an exercise price of $0, increasing direct ownership to 19,017 shares before withholding.
On the same date, 605 common shares were disposed of at $131.39 per share to satisfy tax obligations, leaving 18,412 common shares held directly after the transactions. The filing also notes multiple restricted stock unit awards that each represent a right to receive one Corning share and vest on specified future dates in 2026, 2027, and 2028 under their respective schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,261 shares exercised/converted
Mixed
6 txns
Insider
Seetharam Soumya
Role
Senior Vice President & CDIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,261 | $0.00 | -- |
| Exercise | Common Stock | 2,261 | $0.00 | -- |
| Tax Withholding | Common Stock | 605 | $131.39 | $79K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 19,017 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 transactions did Soumya Seetharam report at Corning (GLW)?
Soumya Seetharam reported exercising restricted stock units and a related tax-share disposition. On February 9, 2026, 2,261 RSUs converted into common shares at $0, and 605 shares were disposed of at $131.39 to cover tax obligations, leaving 18,412 shares held directly.
What does the RSU exercise on this Corning (GLW) Form 4 represent?
The RSU exercise converts previously granted units into common stock. On February 9, 2026, 2,261 restricted stock units were exercised at an exercise price of $0, resulting in the issuance of 2,261 Corning common shares to Soumya Seetharam as part of existing equity compensation.
What future vesting schedules are disclosed for Corning (GLW) RSUs?
The filing discloses several restricted stock unit awards with future vesting dates. RSUs vest 100% on April 15, 2026, April 15, 2027, and April 14, 2028, and one grant from February 8, 2023 vests one-third after one year, then in sixths every six months until the third anniversary.