Corning (GLW) SVP Seetharam granted performance share units after 2025 goals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated reported that Senior Vice President & CDIO Soumya Seetharam received new performance share unit (PSU) awards on February 4, 2026. These PSUs were earned after the Compensation Committee determined that performance goals for fiscal 2025 were met under 2023, 2024, and 2025 agreements. The awards cover separate PSU blocks of 8,445, 10,182, and 15,225 units, each representing the right to receive one share of Corning common stock. The earned PSUs remain restricted and are scheduled to vest and convert into common stock on April 15, 2026, April 15, 2027, and April 14, 2028, subject to continued service. Following these awards, Seetharam also holds 16,756 shares of Corning common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Seetharam Soumya
Role
Senior Vice President & CDIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 8,445 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 10,182 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 15,225 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 8,445 shares (Direct);
Common Stock — 16,756 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. 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.
FAQ
What insider transaction did Corning (GLW) report for Soumya Seetharam?
Corning reported that Senior Vice President & CDIO Soumya Seetharam received multiple performance share unit awards on February 4, 2026. These PSUs were earned after fiscal 2025 performance goals were confirmed as satisfied by the Compensation Committee under several prior-year agreements.
What performance period is tied to these Corning (GLW) PSU awards?
The PSUs were earned based on fiscal year 2025 performance. On February 4, 2026, Corning’s Compensation Committee determined performance criteria were satisfied for 2025 under the 2023, 2024, and 2025 PSU agreements, triggering the earning of the corresponding performance share units.