[Form 4] CORNING INC /NY Insider Trading Activity
Rhea-AI Filing Summary
Corning Inc. (GLW) Director/officer Eric S. Musser reported multiple equity transactions dated 09/30/2025. He received 525 performance-share units and 1,132 restricted-stock units that vested (recorded as acquisitions at $0), and reported sales of 269 and 1,132 shares at $82.03 per share. Following the transactions his direct common-stock holdings were reported at 146,058 shares. The Form 4 discloses forfeitures at retirement of 2,622 PSUs and 8,234 RSUs and shows remaining outstanding PSUs and RSUs by vesting schedule through 2028.
Positive
- Received 1,657 equity units via vesting (525 PSUs + 1,132 RSUs) converted at $0
- Direct ownership reported at 146,058 shares after the transactions, providing transparency on insider holdings
- Detailed vesting schedule disclosed (PSUs vesting April 15, 2026/2027; RSUs vesting April 15, 2026/2027 and April 14, 2028)
Negative
- Forfeiture of 2,622 PSUs at retirement reduced potential future dilution/benefit
- Forfeiture of 8,234 RSUs at retirement reduced potential future equity awards
- Reported sales of 1,401 shares (269 + 1,132) at $82.03 reduced the officer's immediately liquid holdings
Insights
TL;DR: Officer transactions largely reflect scheduled vesting and some sales, with retirement-related forfeitures disclosed.
The filing shows routine compensation vesting (PSUs and RSUs converting to shares at $0) and contemporaneous open-market sales recorded at $82.03 for specific lots. The report quantifies post-transaction direct holdings at 146,058 shares and lists remaining restricted awards with vesting dates through April 2028. Disclosed forfeitures of 2,622 PSUs and 8,234 RSUs are explicitly tied to retirement treatment.
This is material to governance and insider-ownership tracking because it updates share counts, vesting schedules, and the officer's net change in holdings without introducing additional agreements or new compensation terms.