Corning (NYSE: GLW) SVP meets tax duty with 18,378 withheld shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Inc. Senior Vice President & CHRO Michelle L. Gullo reported a tax-related share disposition in company stock. On the reported date, 18,378 shares of Corning common stock were withheld to cover her tax withholding obligations when restricted stock vested, rather than being sold on the open market.
Following this tax-withholding event, she directly holds 19,258 shares of Corning common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gullo Michelle L
Role
Senior Vice President & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 18,378 | $209.83 | $3.86M |
Holdings After Transaction:
Common Stock — 19,258 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 18,378 shares
Price per share (withholding reference): $209.83 per share
Shares held after transaction: 19,258 shares
3 metrics
Tax-withheld shares
18,378 shares
Shares withheld to satisfy tax obligations on restricted stock vesting
Price per share (withholding reference)
$209.83 per share
Reported transaction price per share for withheld common stock
Shares held after transaction
19,258 shares
Direct ownership following tax-withholding disposition
Key Terms
tax withholding obligations, restricted stock, Form 4
3 terms
tax withholding obligations financial
"Shares withheld to satisfy the Reporting Person's tax withholding obligations"
restricted stock financial
"tax withholding obligations upon the vesting of restricted stock"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Corning (GLW) executive Michelle L. Gullo report in this Form 4?
Michelle L. Gullo reported that 18,378 Corning common shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock. This was a non-market transaction and not an open-market sale of shares.
What does transaction code "F" mean in Michelle L. Gullo’s Corning Form 4?
Transaction code “F” indicates payment of an exercise price or tax liability by delivering securities. In this case, 18,378 Corning shares were withheld to satisfy Michelle L. Gullo’s tax withholding obligations tied to restricted stock vesting.
Does this Corning (GLW) Form 4 indicate any option exercises or derivative transactions?
This Form 4 does not report any option exercises or other derivative transactions. It only shows a non-derivative transaction where shares were withheld to cover Michelle L. Gullo’s tax withholding obligations related to vested restricted stock.