Corning (GLW) SVP O'Day earns PSUs, withholds shares to cover taxes
Rhea-AI Filing Summary
Corning Incorporated executive Michael Paul O'Day reported multiple equity compensation transactions dated February 4, 2026. He exercised performance share units (PSUs) that delivered small blocks of Corning common stock, increasing his directly held common shares to 29,915 after related tax withholding.
New PSU awards credited to him include 10,614 units under a 2025 agreement, 4,772 units under a 2024 agreement, and 7,137 units under a 2023 agreement. The filing notes these PSUs were earned based on fiscal 2025 performance and will vest and convert into common stock between April 2026 and April 2028, subject to continued service. To satisfy tax obligations tied to vesting, 717 common shares were disposed of at a price of $109.69 per share.
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 | 4,772 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 7,137 | $0.00 | -- |
| Exercise | Performance Share Unit | 338 | $0.00 | -- |
| Exercise | Performance Share Unit | 152 | $0.00 | -- |
| Exercise | Performance Share Unit | 227 | $0.00 | -- |
| Exercise | Common Stock | 338 | $0.00 | -- |
| Exercise | Common Stock | 152 | $0.00 | -- |
| Exercise | Common Stock | 227 | $0.00 | -- |
| Tax Withholding | Common Stock | 717 | $109.69 | $79K |
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.