Amin Jaymin 4
4 · CORNING INC /NY · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Amin Jaymin Receives PSUs; 1,447 Shares Withheld
What Happened
Amin Jaymin, Senior Vice President and Chief Technology Officer of Corning (GLW), was granted performance share units (PSUs) earned for fiscal 2025 and recorded on Feb 4, 2026. He received a total of 40,784 PSUs (10,614 + 12,091 + 18,079). As part of the settlement, 1,447 shares that resulted from conversion of earned PSUs were withheld/surrendered to cover tax obligations at $109.69 per share, totaling $158,721.
Key Details
- Transaction date: February 4, 2026; Form filed February 6, 2026 (timely within typical 2-business-day window).
- Awards: 40,784 PSUs granted/earned (derivative awards recorded at $0.00).
- Withholding: 1,447 shares withheld/disposed to satisfy tax liability at $109.69 each = $158,721.
- Shares owned after transaction: Not specified on the Form 4; note the filer’s other ownership is held in a unitized 401(k) fund per footnote.
- Relevant footnotes: PSUs were earned per the Compensation Committee for FY2025 and remain restricted until vesting dates (April 15, 2026; April 15, 2027; April 14, 2028) and portions were converted/withheld specifically to satisfy tax requirements.
- Transaction codes: A = award/grant (PSUs), M = exercise/conversion of derivative, F = payment of exercise price/tax withholding.
Context
These were earned performance awards (PSUs) that remain subject to future service-based vesting and conversion to common stock on the noted vesting dates. The disposal (1,447 shares) was a share-withholding to cover taxes — a routine administrative step, not an open-market sale that would signal a discretionary divestiture.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-04+377→ 86,449 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+429→ 86,878 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+641→ 87,519 total - Tax Payment
Common Stock
2026-02-04$109.69/sh−1,447$158,721→ 86,072 total - Award
Performance Share Unit
[F1][F3]2026-02-04+10,614→ 10,614 total→ Common Stock (10,614 underlying) - Award
Performance Share Unit
[F1][F4]2026-02-04+12,091→ 27,236 total→ Common Stock (12,091 underlying) - Award
Performance Share Unit
[F1][F5][F4]2026-02-04+18,079→ 36,200 total→ Common Stock (18,079 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F6]2026-02-04−377→ 10,237 total→ Common Stock (377 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F7]2026-02-04−429→ 26,807 total→ Common Stock (429 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F8]2026-02-04−641→ 35,559 total→ Common Stock (641 underlying)
- 2,596.555(indirect: By Trust)
Common Stock
[F2]
Footnotes (8)
- [F1]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of January 31, 2026.
- [F3]Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2025 agreement. Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F4]Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F5]Performance share units (PSUs) were earned February 4, 2026 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2025 pursuant to the 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F6]Vesting to satisfy tax requirement pursuant to the 2025 agreement.
- [F7]Vesting to satisfy tax requirement pursuant to the 2024 agreement.
- [F8]Vesting to satisfy tax requirement pursuant to the 2023 agreement.