GLW Insider Report: PSUs/RSUs Vest, 1,401 Shares Sold at $82.03
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 525 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,132 | $0.00 | -- |
| Exercise | Common Stock | 525 | $0.00 | -- |
| Tax Withholding | Common Stock | 269 | $82.03 | $22K |
| Exercise | Common Stock | 1,132 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,132 | $82.03 | $93K |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. 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, 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 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. Performance Share Units (PSU) vested on 9/30/25 pursuant to the 2/8/23 agreement. The balance represents the forfeiture of 2,622 PSUs at retirement. 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 balance represents the forfeiture of 8,234 RSUs at retirement.
