Corning SVP has 3,496 shares withheld for taxes
Corning Inc. senior vice president Michael Paul O'Day, SVP and GM of Optical Communications, reported a routine share disposition related to taxes.
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Rhea-AI Filing Summary
Corning Inc. senior vice president Michael Paul O'Day, SVP and GM of Optical Communications, reported a routine share disposition related to taxes. On the vesting of restricted stock, 3,496 shares of common stock were withheld to cover his tax withholding obligations. After this tax-withholding event, O'Day directly holds 39,122 shares of Corning common stock, showing he retains a meaningful equity stake. The transaction was not an open-market sale but an automatic share withholding to satisfy taxes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,496 | $153.05 | $535K |
Footnotes (1)
- F1. Shares withheld to satisfy the Reporting Person's tax withholding obligations upon the vesting of restricted stock.
Key Figures
Key Terms
restricted stock financial
tax withholding obligations financial
Form 4 regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Corning (GLW) report for Michael Paul O'Day?
Was the Corning (GLW) Form 4 transaction an open-market sale?
What role does Michael Paul O'Day hold at Corning (GLW) in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.