Corning (NYSE: GLW) COO reports large performance share unit grants and vesting
Rhea-AI Filing Summary
Corning Incorporated Executive Vice President & COO Nelson Avery H III reported several equity compensation transactions dated February 4, 2026. He was granted performance share units (PSUs) covering 16,891, 15,591, and 20,932 shares of common stock for fiscal year 2025 performance under 2025, 2024, and 2023 agreements. These earned PSUs remain restricted and are scheduled to vest and convert to common stock on April 15, 2026, April 15, 2027, and April 14, 2028, subject to continued service. The filing also reports PSU conversions into common stock of 599, 553, and 742 shares at a price of $0 per share, along with a disposition of 1,894 common shares at $109.69 reported with code F. After these transactions, he directly owns 66,050 common shares and indirectly holds 3,839.6704 units in a 401(k) stock fund.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 16,891 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 15,591 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 20,932 | $0.00 | -- |
| Exercise | Performance Share Unit | 599 | $0.00 | -- |
| Exercise | Performance Share Unit | 553 | $0.00 | -- |
| Exercise | Performance Share Unit | 742 | $0.00 | -- |
| Exercise | Common Stock | 599 | $0.00 | -- |
| Exercise | Common Stock | 553 | $0.00 | -- |
| Exercise | Common Stock | 742 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,894 | $109.69 | $208K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2026. 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.