Corning SVP exercises RSUs, withholds shares for tax
Corning Incorporated Senior Vice President & CDIO Soumya Seetharam reported equity compensation activity involving company stock.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,261 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,261 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 605 | $131.39 | $79K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (5)
- F1. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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)?
What does the RSU exercise on this Corning (GLW) Form 4 represent?
What future vesting schedules are disclosed for Corning (GLW) RSUs?
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