Corning (GLW) COO Avery H. Nelson III sells 20,000 shares, keeps 70,059
Rhea-AI Filing Summary
Corning Inc. Executive Vice President & COO Avery H. Nelson III reported an open-market sale of 20,000 shares of Corning common stock on May 15, 2026 at $195.93 per share. Following this sale, he directly holds 70,059 shares and indirectly holds 3,847.9401 units in a unitized Corning stock fund through the company’s 401(k) plan as of April 30, 2026.
Positive
- None.
Negative
- None.
Insights
Executive sells 20,000 shares but retains a substantial direct position.
The filing shows Corning’s Executive Vice President & COO, Avery H. Nelson III, completed an open-market sale of 20,000 shares of common stock at $195.93 per share on May 15, 2026. This is a discretionary sale coded as an open-market transaction.
After the sale, he directly owns 70,059 shares, indicating he retains a significant equity stake. He also has 3,847.9401 units in a unitized stock fund via the company’s 401(k) retirement plan as of April 30, 2026. No derivative positions are reported, and there is no reference to a Rule 10b5-1 trading plan in the excerpt.
The transaction is a net-sell event but appears as a partial reduction rather than an exit. Subsequent filings may clarify whether similar sales continue or if this was a one-time liquidity move.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,000 | $195.93 | $3.92M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
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