[Form 4] Corning Incorporated Insider Trading Activity
Rhea-AI Filing Summary
Edward A. Schlesinger, Executive Vice President and Chief Financial Officer of Corning Incorporated (GLW), reported insider transactions affecting his direct holdings of common stock and his performance share units (PSUs). On 08/08/2025 he acquired 1,415 shares (transaction code M) at $0 and sold 723 shares (transaction code F) at $65.77, leaving reported beneficial ownership of 79,008 shares following the transactions and a prior reported level of 79,731 after the acquisition line. The filing also lists derivative holdings comprising PSUs representing 22,412 and 19,929 shares, plus an additional 1,415 PSUs converted to common stock; the PSUs have staggered vesting with restrictions remaining until April 15, 2026 and April 15, 2027, and a stated vesting schedule for PSUs earned February 7, 2024 that vests in portions through the third anniversary of the grant date.
Positive
- None.
Negative
- None.
Insights
TL;DR: CFO reported routine compensation vesting and a small sale, resulting in a net increase of 692 shares and continued PSU-based deferred equity.
The report shows a 1,415-share acquisition (code M) and a 723-share sale at $65.77, which mathematically results in a net increase of 692 shares for the reporting period. The executive retains substantial PSU awards—22,412 and 19,929 units—with stated restrictions and staggered vesting through 2026 and 2027. From a governance perspective, these entries are consistent with routine equity compensation and scheduled vesting, and they reaffirm an ongoing equity incentive alignment between management and shareholders.
TL;DR: Reported trades reflect compensation-related vesting events and a small open-market disposition; immediate market impact is likely limited.
Details in the form indicate both direct stock movement and derivative holdings converting to common shares. The combination of a $0 acquisition line and PSU conversions suggests issuance/vesting activity rather than an open-market purchase. The reported sale of 723 shares at $65.77 is explicit and reduces holdings from the post-acquisition count to 79,008 shares. Given the presence of large PSU balances with later vesting dates, these items are material to the officer's ownership profile but represent planned compensation mechanics rather than an unscheduled change in strategy.