O'Day Michael Paul 4
Research Summary
AI-generated summary
Corning (GLW) SVP Michael Paul O'Day Sells 5,051 Shares
What Happened
- Michael Paul O'Day, Senior Vice President and General Manager, Optical Communications at Corning Incorporated (GLW), sold 5,051 shares in an open-market transaction on February 2, 2026. The weighted-average sale price was $110.52, producing total proceeds of approximately $558,232. This was a sale (disposition), which for reporting purposes is generally viewed as a routine insider sale rather than a purchase signal.
Key Details
- Transaction date: 2026-02-02
- Transaction type: Sale (open market) — Code S
- Shares sold: 5,051
- Weighted-average price reported: $110.52
- Price range reported (footnote): $110.375 to $110.645; the filing notes the reported price is a weighted average and offers to provide the breakdown on request (Footnote F1).
- Proceeds: ~$558,232
- Shares owned after transaction: Not disclosed in this Form 4
- Timeliness: Filed for the same report date (2026-02-02); no late filing indicated
Context
- The filing includes no indication of option exercises, awards, gifts, or a 10b5-1 plan in connection with this transaction—only an open-market sale. Sales by executives can be routine (tax planning, diversification, etc.); this Form 4 does not state a reason.