Corning (NYSE: GLW) SVP Verkleeren reports new PSUs and tax share withholding
Rhea-AI Filing Summary
Corning Incorporated senior vice president Ronald L. Verkleeren reported multiple equity compensation transactions. On February 4, 2026, he was credited with 8,445, 11,137, and 16,650 performance share units (PSUs) after the Compensation Committee determined fiscal 2025 performance goals were met under the 2025, 2024, and 2023 agreements. Each PSU represents one share of common stock and remains restricted, scheduled to vest and convert into shares on April 15, 2026, April 15, 2027, and April 14, 2028, subject to continued service.
He also exercised PSUs for 300, 395, and 591 underlying shares at an exercise price of $0, receiving the same number of Corning common shares. To cover tax obligations, 1,286 shares of common stock were withheld at $109.69 per share, leaving him with 32,500 shares of common stock held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Unit | 8,445 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 11,137 | $0.00 | -- |
| Grant/Award | Performance Share Unit | 16,650 | $0.00 | -- |
| Exercise | Performance Share Unit | 300 | $0.00 | -- |
| Exercise | Performance Share Unit | 395 | $0.00 | -- |
| Exercise | Performance Share Unit | 591 | $0.00 | -- |
| Exercise | Common Stock | 300 | $0.00 | -- |
| Exercise | Common Stock | 395 | $0.00 | -- |
| Exercise | Common Stock | 591 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,286 | $109.69 | $141K |
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.