Corning (NYSE: GLW) vice chair Steverson sells 27,750 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated vice chairman Lewis A. Steverson sold 27,750 shares of Common Stock in an open-market transaction. The weighted average sale price was $196.0574 per share, with individual trades ranging from $195.34 to $197.11. After this sale, he directly holds 28,152 Corning shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 27,750 shares ($5,440,593)
Net Sell
1 txn
Insider
STEVERSON LEWIS A
Role
Vice Chairman, EVP and CLAO
Sold
27,750 shs ($5.44M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,750 | $196.0574 | $5.44M |
Holdings After Transaction:
Common Stock — 28,152 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 27,750 shares
Weighted average sale price: $196.0574 per share
Post-transaction holdings: 28,152 shares
+2 more
5 metrics
Shares sold
27,750 shares
Open-market sale of Common Stock
Weighted average sale price
$196.0574 per share
Average of multiple trades
Post-transaction holdings
28,152 shares
Directly held after sale
Price range of trades
$195.34–$197.11 per share
Range disclosed in footnote
Net shares sold
27,750 shares
Net change in position from this Form 4
Key Terms
weighted average price, open-market sale, Common Stock, non-derivative, +1 more
5 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"transaction_type": "non-derivative""
direct ownership financial
"ownership_type": "direct""
FAQ
What insider transaction did Corning (GLW) report for Lewis A. Steverson?
Corning reported that vice chairman Lewis A. Steverson completed an open-market sale of 27,750 shares of Common Stock. The transaction was recorded as a code “S” sale and classified as a non-derivative transaction with direct ownership following the sale.
Was the Corning (GLW) insider transaction a buy or a sell?
The Form 4 shows a sell transaction. The code “S” indicates a sale in the open market or a private transaction, and the normalized transaction_direction field explicitly classifies this activity as a sale rather than a purchase or award.
Did the Corning (GLW) Form 4 involve any derivative securities or option exercises?
No derivative activity appears in this Form 4. The transaction is labeled as non-derivative Common Stock, and the derivativeSummary section is empty, indicating there were no reported option exercises, conversions, or other derivative security transactions in this filing.