[Form 4] CORNING INC /NY Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Corning Incorporated vice chairman Lewis A. Steverson exercised equity awards and increased his direct share holdings. On April 15, 2026, he converted 71,118 performance share units and 31,109 restricted stock units into the same number of Corning common shares at an exercise price of $0.00 per share.
To cover tax obligations, 49,786 common shares were withheld at $168.27 per share in a tax-withholding disposition, not an open-market sale. After these transactions, Steverson directly holds 55,902 common shares, along with significant remaining unvested performance and restricted stock units that vest between April 15, 2026 and April 16, 2029, subject to service-based vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
102,227 shares exercised/converted
Mixed
10 txns
Insider
STEVERSON LEWIS A
Role
Vice Chairman, EVP and CLAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Share Unit | 71,118 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 31,109 | $0.00 | -- |
| Exercise | Common Stock | 71,118 | $0.00 | -- |
| Exercise | Common Stock | 31,109 | $0.00 | -- |
| Tax Withholding | Common Stock | 49,786 | $168.27 | $8.38M |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Performance Share Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Performance Share Unit — 0 shares (Direct);
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 74,579 shares (Direct)
Footnotes (1)
- Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement. Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock. The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement. The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
