Corning (GLW) SVP & CHRO exercises equity awards, now holds 42,951 shares
Rhea-AI Filing Summary
Corning Senior Vice President & CHRO Michelle L. Gullo exercised equity awards and increased her direct common stock holdings. On April 15, 2026, she exercised performance share units and restricted stock units that together delivered 13,149 shares of Corning common stock. As part of the same event, 6,198 shares were withheld at a price of $168.27 per share to cover tax obligations, which is not an open-market sale. Following these transactions, she directly holds 42,951 shares of common stock. She also retains unvested performance and restricted stock units tied to Corning common stock that are scheduled to vest between April 2026 and April 2029, subject to service-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,951 shares
Net Buy
10 txns
Insider
Gullo Michelle L
Role
Senior Vice President & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 9,356 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 3,793 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,356 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,793 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,198 | $168.27 | $1.04M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 10,046 shares (Direct);
Restricted Stock Unit — 10,893 shares (Direct);
Common Stock — 42,951 shares (Direct)
Footnotes (9)
- F1. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- F3. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- F4. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F5. 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.
- F6. 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.
- F7. The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- F8. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- F9. 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.
Key Figures
Derivative shares exercised: 13,149 shares
Shares withheld for taxes: 6,198 shares
Post-transaction holdings: 42,951 shares
+4 more
7 metrics
Derivative shares exercised
13,149 shares
Total underlying shares from PSU and RSU exercises on April 15, 2026
Shares withheld for taxes
6,198 shares
Tax-withholding disposition at $168.27 per share
Post-transaction holdings
42,951 shares
Common stock directly owned after transactions
PSU remaining grant 1
7,404 underlying shares
Performance share units with 0.0000 exercise price, direct ownership
RSU remaining grant 1
4,378 underlying shares
Restricted stock units vesting 100% on April 15, 2026
Exercise price of awards
$0.00 per unit
Conversion/exercise price for PSUs and RSUs reported
Tax-withholding price
$168.27 per share
Price used for 6,198-share tax-withholding disposition
Key Terms
Performance Share Unit, Restricted Stock Unit, tax-withholding disposition, service-based vesting requirement, +1 more
5 terms
Restricted Stock Unit financial
"Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
service-based vesting requirement financial
"when they vest and convert to common stock, subject to service-based vesting requirement."
exercise or conversion of derivative security financial
"Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Corning (GLW) executive Michelle Gullo do in this Form 4 filing?
Michelle L. Gullo exercised equity awards to acquire additional Corning common shares. She converted performance share units and restricted stock units into 13,149 shares, with a portion withheld for taxes, and now directly holds 42,951 Corning common shares after the reported transactions.
What restricted stock units remain outstanding for Michelle Gullo at Corning (GLW)?
She retains restricted stock units linked to 4,378, 3,670, and 2,845 underlying Corning common shares. According to the footnotes, these RSUs vest 100% on April 15, 2026, April 14, 2028, and April 16, 2029, subject to service-based vesting and specific events in the award agreements.