Corning (NYSE: GLW) SVP exercises 1,944 RSUs, disposes matching shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated senior vice president Fang Li reported a derivative exercise and related share disposition. On February 9, 2026, Li exercised 1,944 restricted stock units economically equivalent to Corning common stock at $0 per share, then disposed of 1,944 common shares to the issuer at $131.39 per share, leaving no directly held common stock reported after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,944 shares exercised/converted
Mixed
3 txns
Insider
Fang Li
Role
SVP, Corning Intl & NBD, Solar
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,944 | $0.00 | -- |
| Exercise | Common Stock | 1,944 | $0.00 | -- |
| Disposition | Common Stock | 1,944 | $131.39 | $255K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 1,944 shares (Direct)
Footnotes (1)
- The restricted stock units will be settled solely in cash ("cash-settled RSUs"). Each cash-settled RSU is the economic equivalent of 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.
FAQ
What insider transaction did Fang Li report at Corning (GLW)?
Fang Li reported exercising 1,944 restricted stock units and disposing of 1,944 Corning common shares. The derivative exercise occurred at $0 per share, followed by a disposition to the issuer at $131.39 per share, leaving no directly owned common stock reported afterward.
What role does Fang Li hold at Corning (GLW) in this Form 4?
Fang Li is identified as an officer of Corning with the title "SVP, Corning Intl & NBD, Solar." This means the transactions involve a senior executive, and the filing reports direct ownership changes in Corning common stock and related restricted stock units.
At what prices did Fang Li’s Corning (GLW) transactions occur?
The derivative exercise of 1,944 restricted stock units is reported at $0 per share, reflecting a non-cash exercise price. The subsequent disposition of 1,944 Corning common shares to the issuer is reported at a transaction price of $131.39 per share on February 9, 2026.
What are the restricted stock units mentioned in Fang Li’s Corning (GLW) filing?
The filing describes the units as cash-settled restricted stock units, each economically equivalent to one Corning common share. These RSUs were granted February 8, 2023 and vest over three years, with one-third after one year and the remainder in equal semiannual installments.
Did Fang Li retain any Corning (GLW) common stock after the reported Form 4 transactions?
No directly held Corning common stock is reported after the transactions. The Form 4 shows 1,944 common shares disposed of to the issuer, reducing the amount of common stock beneficially owned following the transactions to zero shares under direct ownership.