Corning (NYSE: GLW) vice chair gets new PSUs and stock withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated vice chairman and EVP Lewis A. Steverson reported equity compensation activity on February 4, 2026. He acquired 18,831, 24,183 and 36,157 performance share units (PSUs) at $0 per unit after the compensation committee determined 2025 performance goals were satisfied under 2025, 2024 and 2023 agreements.
The earned PSUs remain restricted and are scheduled to vest and convert into common stock on April 14, 2028, April 15, 2027 and April 15, 2026, subject to continued service. Related PSU vesting generated 668, 858 and 1,282 common shares, with 2,808 shares withheld at $109.69 per share to satisfy tax obligations, leaving 17,575 common shares directly owned.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,808 shares exercised/converted
Mixed
11 txns
Insider
STEVERSON LEWIS A
Role
Vice Chairman, EVP and CLAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 18,831 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 24,183 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 36,157 | $0.00 | -- |
| Exercise | Performance Share Unit | 668 | $0.00 | -- |
| Exercise | Performance Share Unit | 858 | $0.00 | -- |
| Exercise | Performance Share Unit | 1,282 | $0.00 | -- |
| Exercise | Common Stock | 668 | $0.00 | -- |
| Exercise | Common Stock | 858 | $0.00 | -- |
| Exercise | Common Stock | 1,282 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,808 | $109.69 | $308K |
| holding | Performance Share Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 18,831 shares (Direct);
Common Stock — 18,243 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. 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. 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. Vesting to satisfy tax requirement pursuant to the 2025 agreement. Vesting to satisfy tax requirement pursuant to the 2024 agreement. Vesting to satisfy tax requirement pursuant to the 2023 agreement.
FAQ
What insider transaction did GLW executive Lewis A. Steverson report on February 4, 2026?
Lewis A. Steverson reported equity compensation activity involving performance share units and common stock. He acquired PSUs tied to prior performance agreements and had shares withheld at $109.69 per share to cover tax obligations, resulting in 17,575 common shares directly owned afterward.