Corning (NYSE: GLW) CFO logs PSU grants, stock disposals in insider filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Inc. executive vice president and CFO Edward A. Schlesinger reported multiple equity compensation transactions dated February 4, 2026. He acquired common stock through the exercise of performance share units, including 623, 564, and 793 shares at an exercise price of $0 per share, and then had 1,980 shares of common stock disposed of at $109.69, identified with code F. The filing also shows new awards of performance share units of 17,576, 15,910, and 22,362 units, each representing a contingent right to receive one share of Corning common stock, with vesting tied to fiscal year 2025 performance determinations and subsequent service-based vesting dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,980 shares exercised/converted
Mixed
11 txns
Insider
Schlesinger Edward A
Role
Exec. Vice President and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 17,576 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 15,910 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 22,362 | $0.00 | -- |
| Exercise | Performance Share Unit | 623 | $0.00 | -- |
| Exercise | Performance Share Unit | 564 | $0.00 | -- |
| Exercise | Performance Share Unit | 793 | $0.00 | -- |
| Exercise | Common Stock | 623 | $0.00 | -- |
| Exercise | Common Stock | 564 | $0.00 | -- |
| Exercise | Common Stock | 793 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,980 | $109.69 | $217K |
| holding | Performance Share Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 17,576 shares (Direct);
Common Stock — 55,403 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date. 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.
FAQ
What insider transactions did Corning (GLW) CFO Edward Schlesinger report on February 4, 2026?
Edward Schlesinger reported exercises of performance share units into common stock and related disposals. He acquired 623, 564, and 793 common shares at $0 per share and had 1,980 shares disposed at $109.69, alongside several new performance share unit awards.