GLW insider filing: Verkleeren converts RSUs and reports a sale
Rhea-AI Filing Summary
Ronald L. Verkleeren, SVP Emerging Innovations Group at Corning Incorporated (GLW), reported transactions dated 08/08/2025. The filing shows 2,476 shares were acquired upon vesting of restricted stock units at a $0 price, increasing reported beneficial ownership to 56,764 shares, and a disposal of 1,264 shares at $65.77 per share, leaving 55,500 shares. The Form 4 also discloses outstanding restricted stock unit awards of 16,070, 12,187, and 15,021 shares with vesting dates of April 15, 2027, April 14, 2028, and April 15, 2026, respectively. The RSUs granted on February 8, 2023 follow a schedule that vests one-third after one year and then additional installments until the third anniversary.
Positive
- None.
Negative
- None.
Insights
TL;DR Routine executive RSU vesting coupled with a modest share disposition; no material change to ownership stake.
The Form 4 documents conversion of 2,476 RSUs into common shares at no cash cost and a separate sale/disposition of 1,264 shares at $65.77 each on 08/08/2025. The net reported beneficial ownership moves from 56,764 to 55,500 shares. These transactions match scheduled vesting terms disclosed in the filing and represent routine compensation-related activity rather than a clear signal of a change in the executive's long-term ownership intent.
TL;DR Disclosures are complete and show specific vesting schedules; filing includes POA signature, indicating routine administrative handling.
The filing itemizes multiple RSU award tranches with explicit single-date vesting on 4/15/2026, 4/15/2027, and 4/14/2028, plus a 2023 grant with staged vesting through its third anniversary. The presence of a power of attorney signature (Melissa J. Gambol) dated 08/12/2025 is noted. From a governance perspective the Form 4 provides the necessary itemized information on acquisition, disposition, and remaining awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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)
- 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.
