[Form 4] Corning Incorporated Insider Trading Activity
Rhea-AI Filing Summary
Eric S. Musser, President of Corning Incorporated (GLW), reported multiple equity transactions on 08/08/2025 and 08/11/2025. On 08/08/2025 he received 3,147 shares at $0 from performance share units and sold 1,607 shares at $65.77, with beneficial ownership reported at 164,670 shares after that trade. On 08/11/2025 he exercised stock options for 18,850 shares at a $19.65 exercise price and subsequently sold the same 18,850 shares at a weighted average price of $65.3148, leaving reported beneficial ownership at 164,670 shares. Table II lists performance share units of 45,305, 37,864 and 3,147 that remain restricted with vesting dates including April 15, 2026 and April 15, 2027. The filing also notes partial earlier accelerated vesting of options granted May 15, 2020.
Positive
- Acquired 18,850 shares via option exercise at a $19.65 exercise price on 08/11/2025
- Converted 3,147 performance share units to common stock at $0 on 08/08/2025
- Performance share units disclosed with explicit vesting dates (April 15, 2026 and April 15, 2027), providing clarity on future equity vesting
Negative
- Sold 18,850 shares on 08/11/2025 at a weighted average price of $65.3148
- Sold 1,607 shares on 08/08/2025 at $65.77
- Reported beneficial ownership after the transactions is 164,670 shares, reflecting insider dispositions
Insights
TL;DR: Routine option exercise and immediate sale produced realized shares sold; beneficial ownership reported at 164,670 shares.
The filing documents an exercise of 18,850 stock options at $19.65 on 08/11/2025 followed by the sale of those 18,850 shares at a weighted average price of $65.3148. On 08/08/2025 the reporting person converted 3,147 PSUs to shares at no cash cost and sold 1,607 shares at $65.77. After these transactions reported beneficial ownership is 164,670 shares. From a market-impact perspective, these are sizable transactions by the insider but appear to be exercises and sales of vested or exercisable awards rather than open-market accumulation.
TL;DR: Compensation-related vesting and option activity disclosed; PSU vesting schedules remain in effect through 2027.
The Form 4 shows conversion and disposition activity tied to equity awards: performance share units remain outstanding in multiple tranches (45,305 and 37,864 plus 3,147 converted), with explicit restricted-vesting dates of April 15, 2026 and April 15, 2027. The filing also references prior Compensation Committee action that accelerated partial vesting of options granted on May 15, 2020. These disclosures are consistent with standard executive compensation administration and required insider reporting; they do not, on their face, indicate governance irregularities.