Corning (GLW) COO exercises equity awards and covers taxes with share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated Executive Vice President & COO Nelson Avery H III exercised equity awards and adjusted his holdings in company stock. On April 15, 2026, he exercised performance share units and restricted stock units to acquire 59,011 shares of common stock at an exercise price of $0.00 per share.
To cover tax obligations tied to these awards, 28,740 common shares were disposed of through a tax-withholding transaction at $168.27 per share, a non-market sale. Following these transactions, he holds 90,059 common shares directly and 3,847.9383 shares indirectly through a unitized stock fund in the company’s 401(k) plan as of March 31, 2026.
He also continues to hold unvested performance share units and restricted stock units representing additional shares of Corning common stock, with vesting dates in 2026, 2027, 2028, and 2029, subject to service-based vesting conditions and specified events such as retirement, death, or disability.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,011 shares exercised/converted
Mixed
11 txns
Insider
Nelson Avery H III
Role
Executive Vice President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 41,173 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 17,838 | $0.00 | -- |
| Exercise | Common Stock | 41,173 | $0.00 | -- |
| Exercise | Common Stock | 17,838 | $0.00 | -- |
| Tax Withholding | Common Stock | 28,740 | $168.27 | $4.84M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 0 shares (Direct);
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 100,961 shares (Direct);
Common Stock — 3,847.938 shares (Indirect, Trustee u/Employee Benefit Plan)
Footnotes (1)
- Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement. 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 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. 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 acquired via exercises: 59,011 shares
Tax-withholding shares: 28,740 shares
Tax-withholding price: $168.27/share
+4 more
7 metrics
Shares acquired via exercises
59,011 shares
Common stock from PSU and RSU exercises on April 15, 2026
Tax-withholding shares
28,740 shares
Common shares delivered for tax obligations at $168.27 per share
Tax-withholding price
$168.27/share
Price applied to 28,740 common shares for tax withholding
Direct common shares post-transaction
90,059 shares
Direct ownership after April 15, 2026 transactions
Indirect common shares (401(k) plan)
3,847.9383 shares
Held in a unitized stock fund under the 401(k) as of March 31, 2026
PSU remaining tranche
34,568 underlying shares
Performance share units outstanding, exercisable for Corning common stock
RSU remaining tranche
23,369 underlying shares
A portion of unvested restricted stock units outstanding
Key Terms
Performance Share Unit, Restricted Stock Unit, tax-withholding disposition, unitized stock fund, +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.
unitized stock fund financial
"Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan."
service-based vesting requirement financial
"Earned PSUs remain restricted until they vest and convert to common stock, subject to service-based vesting requirement."
FAQ
What did Corning (GLW) executive Nelson Avery H III do in this Form 4?
He exercised performance share units and restricted stock units to acquire 59,011 Corning common shares, then had 28,740 shares withheld to cover tax obligations. After these transactions, he continued to hold a meaningful direct and indirect ownership stake in Corning stock.
What equity awards in Corning (GLW) does Nelson Avery H III still hold?
He continues to hold performance share units and restricted stock units, each representing a contingent right to receive one Corning common share. According to the filing, these awards vest on dates between 2026 and 2029, subject to service-based conditions and certain events like retirement or disability.