Corning (NYSE: GLW) EVP Zhang exercises RSUs, withholds 945 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Inc. executive John Z. Zhang, Exec. Vice President & CCDO, reported equity award activity in Corning common stock. On February 9, 2026, he exercised 2,476 restricted stock units, receiving the same number of common shares at an exercise price of $0 per share.
To cover tax obligations tied to this equity event, 945 common shares were disposed of at $131.39 per share, leaving 1,531 common shares directly owned afterward. Zhang continues to hold significant unvested RSUs: 18,884 units vesting April 15, 2026, 22,498 units vesting April 15, 2027, and 24,374 units vesting April 14, 2028, plus a 2023 RSU grant vesting in stages over three years.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,476 shares exercised/converted
Mixed
6 txns
Insider
Zhang John Z
Role
Exec. Vice President & CCDO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,476 | $0.00 | -- |
| Exercise | Common Stock | 2,476 | $0.00 | -- |
| Tax Withholding | Common Stock | 945 | $131.39 | $124K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 2,476 shares (Direct)
Footnotes (1)
- 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, 2026. 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, 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 14, 2028. 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) granted on February 8, 2023 vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
FAQ
What insider transactions did Corning (GLW) executive John Z. Zhang report?
John Z. Zhang reported exercising 2,476 restricted stock units for Corning common stock at $0 per share. To satisfy tax obligations, 945 common shares were disposed of at $131.39 per share, leaving him with 1,531 directly owned common shares after the reported transactions.
What restricted stock units does Corning (GLW) executive John Z. Zhang still hold?
Zhang holds 18,884 RSUs vesting April 15, 2026, 22,498 RSUs vesting April 15, 2027, and 24,374 RSUs vesting April 14, 2028. Each unit represents a right to receive one Corning common share upon vesting, subject to retirement, death, disability, or similar provisions.
How do John Z. Zhang’s Corning (GLW) RSUs vest over time?
Three RSU awards vest 100% on April 15, 2026, April 15, 2027, and April 14, 2028, respectively. A separate RSU grant from February 8, 2023 vests one-third after one year, then one-sixth every six months until fully vested on its third anniversary.
Were John Z. Zhang’s Corning (GLW) transactions open-market buys or sells?
The filing shows a derivative exercise and tax withholding, not open-market trades. Zhang exercised 2,476 RSUs into common stock at $0, then 945 shares were delivered at $131.39 to cover tax liabilities, consistent with transaction codes M (exercise) and F (tax withholding).