Corning SVP Soumya Seetharam exercises stock units
Corning Incorporated Senior Vice President & CDIO Soumya Seetharam exercised equity awards and received additional common shares.
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Form Type
4
Rhea-AI Filing Summary
Corning Incorporated Senior Vice President & CDIO Soumya Seetharam exercised equity awards and received additional common shares. On April 15, 2026, performance share units and restricted stock units covering 44,780 shares of common stock were converted into shares at a $0.00 exercise price.
Of these shares, 17,622 were withheld at $168.27 per share to cover tax obligations, a non-market disposition. Following these transactions, Seetharam directly held 45,570 shares of Corning common stock, along with remaining unvested performance and restricted stock units scheduled to vest between 2026 and 2029.
Insider Trade Summary
44,780 shares exercised/converted
Exercise
10 txns
Insider
Seetharam Soumya
Role
Senior Vice President & CDIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 31,046 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 13,734 | $0.00 | $0.00 |
| Exercise | Common Stock | 31,046 | $0.00 | $0.00 |
| Exercise | Common Stock | 13,734 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,622 | $168.27 | $2.97M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 31,851 contracts (Direct);
Restricted Stock Unit — 30,935 contracts (Direct);
Common Stock — 45,570 shares (Direct)
Footnotes (9)
- F1. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- F3. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- F4. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F5. 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.
- F6. 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.
- F7. The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- F8. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- F9. 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.
Key Figures
Shares from equity award exercises: 44,780 shares
Shares withheld for taxes: 17,622 shares at $168.27
Direct common stock holdings: 45,570 shares
+5 more
8 metrics
Shares from equity award exercises
44,780 shares
Common stock from PSU and RSU conversions on April 15, 2026
Shares withheld for taxes
17,622 shares at $168.27
F-code tax-withholding disposition on April 15, 2026
Direct common stock holdings
45,570 shares
Common stock directly held after transactions
Remaining PSU underlying shares (1)
23,406 shares
Performance share units, underlying common shares, post-transaction
Remaining PSU underlying shares (2)
8,445 shares
Performance share units, underlying common shares, post-transaction
Remaining RSU underlying shares (largest grant)
14,692 shares
Restricted stock units, underlying common shares, post-transaction
Derivative exercises count
2 transactions
Exercise or conversion of derivative securities (code M)
Tax-withholding transactions count
1 transaction
Disposition to pay tax liability (code F)
Key Terms
Performance Share Unit, Restricted Stock Unit, tax-withholding disposition, service-based vesting requirement, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
service-based vesting requirement financial
"Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Corning (GLW) executive Soumya Seetharam report?
Soumya Seetharam reported exercising performance share units and restricted stock units into 44,780 shares of Corning common stock. These equity awards converted at a $0.00 exercise price as part of compensation, rather than being open-market purchases or sales.
What equity awards in Corning (GLW) does Soumya Seetharam still hold after the Form 4?
The filing lists remaining performance share units and restricted stock units tied to Corning common stock. These cover 23,406 and 8,445 underlying shares for PSUs, and 14,692, 12,187, and 4,056 underlying shares for RSUs, all subject to future vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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