Corning (GLW) vice chair Steverson sells 15,366 shares, updates PSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated executive Lewis A. Steverson, Vice Chairman, EVP and CLAO, reported several equity transactions. On February 10, 2026, he completed an open-market sale of 15,366 shares of Corning common stock at an average price of $130.2197 per share, leaving him with 3,461 directly held shares. On February 9, 2026, a block of 1,958 performance share units was exercised and converted into the same number of common shares at $0, and 706 shares were disposed of to cover tax obligations. The filing also shows direct holdings of performance share units representing 71,118, 53,617, and 18,163 underlying shares that remain subject to service-based vesting through dates in 2026, 2027, and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,366 shares ($2,000,956)
Net Sell
7 txns
Insider
STEVERSON LEWIS A
Role
Vice Chairman, EVP and CLAO
Sold
15,366 shs ($2.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 15,366 | $130.2197 | $2.00M |
| Exercise | Performance Share Unit | 1,958 | $0.00 | -- |
| Exercise | Common Stock | 1,958 | $0.00 | -- |
| Tax Withholding | Common Stock | 706 | $131.39 | $93K |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,461 shares (Direct);
Performance Share Unit — 0 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $129.89 to $130.52, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote. 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. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement. The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
FAQ
What insider transaction did Corning (GLW) report for Lewis A. Steverson?
Corning reported that Lewis A. Steverson executed an open-market sale of 15,366 shares of common stock at an average price of $130.2197 per share. After this sale, he directly held 3,461 Corning common shares, according to the Form 4 filing.
What role does Lewis A. Steverson hold at Corning (GLW)?
Lewis A. Steverson is identified as Corning’s Vice Chairman, Executive Vice President and Chief Legal and Administrative Officer. His status as a senior officer makes his equity transactions reportable and visible to investors through Section 16 Form 4 filings.