Form 4: Verkleeren Ronald L reports multiple insider transactions in GLW
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Verkleeren Ronald L reported multiple insider transaction types in a Form 4 filing for GLW. The filing lists transactions totaling 5,845 shares at a weighted average price of $131.39 per share. Following the reported transactions, holdings were 34,976 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,476 shares exercised/converted
Mixed
6 txns
Insider
Verkleeren Ronald L
Role
SVP Emerging Innovations Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,476 | $0.00 | -- |
| Exercise | Common Stock | 2,476 | $0.00 | -- |
| Tax Withholding | Common Stock | 893 | $131.39 | $117K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 34,976 shares (Direct)
Footnotes (1)
- 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, 2026. 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 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) granted on February 8, 2023 vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
FAQ
What insider transaction did Corning (GLW) report for Ronald L. Verkleeren?
Ronald L. Verkleeren exercised restricted stock units for 2,476 Corning shares. In the same event, 893 shares were disposed of to satisfy tax withholding, leaving him with 34,083 directly owned shares plus multiple unvested RSU awards scheduled to vest between 2026 and 2028.
What are Ronald L. Verkleeren’s remaining Corning (GLW) RSU holdings and vesting dates?
He reported three blocks of RSUs: 14,332, 15,333, and 11,612 units. These restricted stock units vest 100% on April 15, 2026, April 15, 2027, and April 14, 2028, respectively, with certain events like retirement or disability potentially accelerating vesting under the award terms.
How do the Corning (GLW) RSUs reported in this Form 4 work?
Each restricted stock unit represents a contingent right to receive one share of Corning common stock. The RSUs vest in full on specified future dates, and certain events like retirement, death, or disability can cause earlier vesting as described in the award agreements’ terms.