Corning (NYSE: GLW) CTO gets 40,784 PSUs, 1,447 shares for tax
Rhea-AI Filing Summary
Corning Incorporated senior vice president and chief technology officer Jaymin Amin reported multiple equity compensation events on February 4, 2026. He was credited with a total of 40,784 performance share units (PSUs) tied to fiscal 2025 performance under 2023, 2024, and 2025 PSU agreements. These earned PSUs remain restricted and are scheduled to vest and convert into common stock between April 2026 and April 2028, subject to continued service.
On the same date, 377, 429, and 641 PSUs were exercised into the same number of Corning common shares at $0 exercise price, while 1,447 common shares were withheld at $109.69 per share to satisfy tax obligations. After these transactions, Amin directly held 86,072 shares of common stock and had an additional 2,596.5551 units indirectly through a unitized Corning stock fund in the company’s 401(k) plan as of January 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 10,614 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 12,091 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 18,079 | $0.00 | -- |
| Exercise | Performance Share Unit | 377 | $0.00 | -- |
| Exercise | Performance Share Unit | 429 | $0.00 | -- |
| Exercise | Performance Share Unit | 641 | $0.00 | -- |
| Exercise | Common Stock | 377 | $0.00 | -- |
| Exercise | Common Stock | 429 | $0.00 | -- |
| Exercise | Common Stock | 641 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,447 | $109.69 | $159K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2026. 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.
