Corning (GLW) SVP & CTO reports RSU exercise and share withholding
Rhea-AI Filing Summary
Corning Incorporated’s Senior Vice President and Chief Technology Officer reported routine equity transactions in company stock. On 01/02/2026, the executive exercised 685 restricted stock units into common shares at an exercise price of $0, then had 685 shares disposed of at $90.67, consistent with shares being withheld or sold to cover obligations. After these transactions, the executive directly owned 86,072 shares of common stock and held an additional 2,596.5602 units indirectly as trustee under an employee benefit plan as of December 31, 2025.
The filing also shows several outstanding restricted stock unit awards, including 2,641, 16,570, 15,355, and 14,631 RSUs, each representing one share of common stock upon vesting, with vesting schedules extending through April 14, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 685 | $0.00 | -- |
| Exercise | Common Stock | 685 | $0.00 | -- |
| Tax Withholding | Common Stock | 685 | $90.67 | $62K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of December 31, 2025. 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 Senior Vice President and Chief Technology Officer of Corning Incorporated reported exercising 685 restricted stock units into common stock at an exercise price of $0 on 01/02/2026, followed by a disposition of 685 shares at $90.67.
What is the officer’s role and relationship to Corning (GLW)?
The reporting person is an officer of Corning Incorporated, serving as Senior Vice President and Chief Technology Officer, and is required to report transactions in Corning equity under Section 16.
What restricted stock units (RSUs) are outstanding for the Corning (GLW) officer?
The filing lists several RSU holdings, including 2,641, 16,570, 15,355, and 14,631 restricted stock units, each representing a contingent right to receive one share of Corning common stock upon vesting.
When do the reported Corning (GLW) RSUs vest?
The RSUs have different vesting schedules. One grant made on February 8, 2023 vests 1/3 after 1 year and 1/6 every 6 months until fully vested on the third anniversary. Other RSUs vest 100% on April 15, 2026, April 15, 2027, and April 14, 2028, subject to events such as retirement, death, or disability.
How is the indirect ownership in Corning (GLW) held by the officer?
Indirect ownership is represented by 2,596.5602 units held in a unitized stock fund through Corning’s 401(k) retirement plan as of December 31, 2025, reported as trustee under an employee benefit plan.
Does this Corning (GLW) Form 4 indicate a Rule 10b5-1 trading plan?
The form includes a checkbox to indicate if a transaction was made under a Rule 10b5-1(c) trading plan, but the excerpt does not show that box marked for these specific transactions.