Corning (GLW) SVP & CHRO granted PSUs and stock withheld for taxes
Rhea-AI Filing Summary
Corning Inc. executive Michelle L. Gullo reported multiple equity compensation transactions tied to performance share units (PSUs) and related stock withholding for taxes. On February 4, 2026, she acquired 2,740, 3,340, and 4,759 PSUs after the Compensation Committee determined performance goals for fiscal 2025 were met under the 2025, 2024, and 2023 agreements.
Each PSU represents a contingent right to one share of Corning common stock. The earned PSUs remain restricted and are scheduled to vest and convert to common shares on April 15, 2026, April 15, 2027, and April 14, 2028, subject to continued service. Related PSU vesting also triggered exercises into 98, 119, and 169 common shares and the withholding of 386 shares at $109.69 to satisfy tax requirements. After these transactions, Gullo directly held 36,000 common shares and 9,356 PSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 2,740 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 3,340 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 4,759 | $0.00 | -- |
| Exercise | Performance Share Unit | 98 | $0.00 | -- |
| Exercise | Performance Share Unit | 119 | $0.00 | -- |
| Exercise | Performance Share Unit | 169 | $0.00 | -- |
| Exercise | Common Stock | 98 | $0.00 | -- |
| Exercise | Common Stock | 119 | $0.00 | -- |
| Exercise | Common Stock | 169 | $0.00 | -- |
| Tax Withholding | Common Stock | 386 | $109.69 | $42K |
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2025 agreement. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement. Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. Vesting to satisfy tax requirement pursuant to the 2025 agreement. Vesting to satisfy tax requirement pursuant to the 2024 agreement. Vesting to satisfy tax requirement pursuant to the 2023 agreement.