Corning vice chair granted new performance units
Corning Incorporated vice chairman and EVP Lewis A. Steverson reported equity compensation activity on February 4, 2026.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 18,831 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 24,183 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 36,157 | $0.00 | $0.00 |
| Exercise | Performance Share Unit | 668 | $0.00 | $0.00 |
| Exercise | Performance Share Unit | 858 | $0.00 | $0.00 |
| Exercise | Performance Share Unit | 1,282 | $0.00 | $0.00 |
| Exercise | Common Stock | 668 | $0.00 | $0.00 |
| Exercise | Common Stock | 858 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,282 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,808 | $109.69 | $308K |
| holding | Performance Share Unit | -- | -- | -- |
Footnotes (8)
- F1. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. Vesting to satisfy tax requirement pursuant to the 2025 agreement.
- F7. Vesting to satisfy tax requirement pursuant to the 2024 agreement.
- F8. 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?
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