Corning CEO exercises 5,733 PSUs, covers tax with shares
Corning Inc. Chairman, CEO and President Wendell P. Weeks reported equity compensation activity on common stock and performance share units.
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Rhea-AI Filing Summary
Corning Inc. Chairman, CEO and President Wendell P. Weeks reported equity compensation activity on common stock and performance share units. On February 9, 2026, he acquired 5,733 shares of common stock at $0 per share through the exercise and conversion of performance share units, then disposed of 2,927 shares at $131.39 per share to satisfy tax withholding obligations. Following these transactions, he held 750,585 common shares directly, plus indirect interests through his spouse and employee benefit plans. He also reported direct holdings of performance share units tied to Corning common stock totaling 235,610, 178,486, and 60,106 units, which vest and convert to stock on service-based schedules extending to April 2028.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 5,733 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,733 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,927 | $131.39 | $385K |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. The reporting person disclaims beneficial ownership of all securities held by spouse.
- F2. Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2026.
- F3. Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- F4. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- F5. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- F6. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- F7. 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.
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What insider transactions did Corning (GLW) CEO Wendell P. Weeks report?
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