Nelson Avery H III 4

What Happened
Nelson Avery H. III, Executive Vice President & COO of Corning (GLW), had performance share units (PSUs) earned by the Compensation Committee on Feb 4, 2026 (total = 16,891 + 15,591 + 20,932 = 53,414 PSUs). To satisfy tax-withholding obligations, 1,894 shares were surrendered/withheld at $109.69 each, producing $207,753. Several zero-price “exercise/conversion” entries reflect conversion/settlement of derivative awards (no cash paid to acquire these awards).

Key Details

• Transaction date: Feb 4, 2026; Form 4 filed Feb 6, 2026.
• Awards granted/earned (A): 16,891; 15,591; 20,932 PSUs (total 53,414). These PSUs were credited because performance goals for FY2025 were met.
• Withholding/tax disposition (F): 1,894 shares withheld at $109.69 each = $207,753.
• Several entries show “exercise/conversion” (M) at $0.00 — no cash paid to acquire the awards.
• Vesting schedule / restrictions: PSUs remain restricted and will vest/convert to common stock on April 15, 2026 (2023 award), April 15, 2027 (2024 award), and April 14, 2028 (2025 award), subject to continued service (per footnotes F3–F5). Tax withholdings were taken as part of those vesting/settlement events (F6–F8).
• Shares owned after the transaction are not specified in the provided filing text.
• This filing shows routine compensation awards and tax withholding, not an open-market buy or sell by the insider.

Context / What this means for investors

• These transactions are compensation-related (PSUs earned and taxed), not discretionary buying or selling that signals a personal market bet. The small sale/transfer here (1,894 shares withheld) is to cover tax liability rather than a decision to liquidate holdings.
• For derivative awards, an “exercise/conversion” at $0.00 typically indicates settlement of performance or restricted awards rather than a cash exercise of an option.
• Filing appears timely (transaction Feb 4; Form 4 filed Feb 6).