GLW Form 4: Zhang reports RSU vesting and small sale at $65.53 avg
Rhea-AI Filing Summary
John Z. Zhang, Executive Vice President & Chief Commercial and Chief Digital Officer of Corning Incorporated (GLW), reported several equity transactions and outstanding restricted stock units. On 08/08/2025 he acquired 2,476 shares of common stock (code M) at a reported price of $0 and had a separate reported disposition entry of 1,264 shares at $65.77 showing 1,212 shares beneficially owned following that entry. On 08/12/2025 he sold 1,212 shares at a weighted average price of $65.5325, after which the reported direct common stock holding is 0.
Table II lists restricted stock units convertible into common stock: 22,498 (vests 4/15/2027), 24,374 (vests 4/14/2028), 18,884 (vests 4/15/2026), and 2,476 (subject to a multi-step vesting schedule beginning Feb 8, 2023). The total of these RSUs equals 68,232 units, all reported as direct beneficial holdings.
Positive
- Clear disclosure of RSU counts and vesting dates (22,498; 24,374; 18,884; 2,476) totaling 68,232 units
- Weighted-average sale price footnote provides transparent pricing details for the sale transactions
Negative
- Disposition of 1,212 shares on 08/12/2025 at a weighted average price of $65.5325
Insights
TL;DR Routine insider activity: RSU vesting and a small sale of shares; no material change to control.
The Form 4 shows scheduled equity compensation converting into common stock and a subsequent small disposition. The largest items are the outstanding restricted stock units totaling 68,232 shares across multi-year vesting dates (2026–2028), which represent future potential equity dilution when settled but are a normal component of executive pay. The sale of 1,212 shares at a weighted average of $65.5325 appears isolated and is documented with a weighted-average sale price footnote. There is no disclosure here of any change in ownership percentage or 10% ownership status.
TL;DR Disclosure is clear on vesting schedules and transactions; items reflect compensation realization, not a material governance event.
The filing identifies Zhang as an officer and records multiple RSU awards with explicit vesting dates and one short sequence of market transactions. Footnotes clarify RSU mechanics and provide a weighted-average sale price range for the disposed shares, which supports transparency for Section 16 reporting. No unusual acceleration, related-party transaction, or amendment is disclosed. From a governance perspective, these are routine executive compensation settlements and subsequent sales properly reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,212 | $65.5325 | $79K |
| Exercise | Restricted Stock Unit | 2,476 | $0.00 | -- |
| Exercise | Common Stock | 2,476 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,264 | $65.77 | $83K |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.5315 to $65.5350, inclusive. The reporting person undertakes to provide to Corning Incorporated, any security holder of Corning Incorporated, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth previously in this footnote. 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 15, 2026. 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) 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.
