Corning (GLW) SVP reports 575-share RSU exercise and tax sale
Rhea-AI Filing Summary
Corning Incorporated executive reports RSU exercise and tax withholding. A senior vice president at Corning converted 575 restricted stock units into common shares on 01/02/2026 at an exercise price of $0. On the same day, 575 common shares were disposed of at $90.67, consistent with shares being withheld to cover taxes.
After these transactions, the executive directly owns 32,500 shares of Corning common stock. The filing also shows ongoing equity incentives, including restricted stock units tied to Corning common stock in amounts of 2,476, 15,333, 14,332, and 11,612 units, which vest on various schedules through 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 575 | $0.00 | -- |
| Exercise | Common Stock | 575 | $0.00 | -- |
| Tax Withholding | Common Stock | 575 | $90.67 | $52K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. 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. 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 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 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
FAQ
What insider transaction did Corning (GLW) report in this Form 4?
The Form 4 reports that a Corning senior vice president exercised 575 restricted stock units into common stock on 01/02/2026, then had 575 shares disposed of at $90.67, consistent with tax withholding.
What is the exercise price of the Corning restricted stock units in this Form 4?
The derivative table shows the restricted stock units were exercised at an exercise price of $0 for 575 underlying Corning common shares.
What future Corning RSU vesting schedules are disclosed for this executive?
The filing notes RSUs granted on February 8, 2023 that vest over three years, and additional RSUs that vest 100% on April 15, 2026, April 15, 2027, and April 14, 2028, subject to conditions like retirement, death, or disability.
How many Corning restricted stock units does the officer hold after the transaction?
The officer holds RSUs linked to Corning common stock in amounts of 2,476, 15,333, 14,332, and 11,612 units, each with its own vesting schedule.