Corning (NYSE: GLW) SVP granted new performance share units and stock
Rhea-AI Filing Summary
Corning Incorporated senior vice president Jordana Daryl Kammerud reported equity compensation activity tied to 2025 performance. On February 4, 2026, she acquired performance share units (PSUs) covering 2,815, 7,212 and 6,646 shares of common stock at an exercise price of $0 per unit. The Compensation Committee determined that performance criteria for fiscal year 2025 were satisfied under the 2023, 2024 and 2025 PSU agreements, so these PSUs were earned but remain restricted until vesting dates in April 2026, April 2027 and April 2028, subject to continued service.
Related PSU vesting events settled into common stock, and 593 shares of common stock were withheld at $109.69 per share. Following these transactions, Kammerud directly beneficially owned 32,772 shares of Corning common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 2,815 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 7,212 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 6,646 | $0.00 | -- |
| Exercise | Performance Share Unit | 101 | $0.00 | -- |
| Exercise | Performance Share Unit | 256 | $0.00 | -- |
| Exercise | Performance Share Unit | 236 | $0.00 | -- |
| Exercise | Common Stock | 101 | $0.00 | -- |
| Exercise | Common Stock | 256 | $0.00 | -- |
| Exercise | Common Stock | 236 | $0.00 | -- |
| Tax Withholding | Common Stock | 593 | $109.69 | $65K |
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. Vesting to satisfy tax requirement pursuant to the 2025 agreement. Vesting to satisfy tax requirement pursuant to the 2024 agreement. Vesting to satisfy tax requirement pursuant to the 2023 agreement.