TILLMAN MICHAUNE D 4
4 · CORNING INC /NY · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Michaune Tillman Receives Performance Award
What Happened
Michaune D. Tillman, SVP and General Counsel of Corning Incorporated (GLW), was granted two awards of performance share units (PSUs) on February 4, 2026: 6,848 PSUs and 8,592 PSUs, for a total of 15,440 PSUs. The Form 4 reports these as derivative acquisitions at $0.00 per unit (awards), so the filing records $0 cash consideration; actual value will depend on Corning’s future stock price when/if the PSUs convert to shares.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (appears timely).
- Awards: 6,848 PSUs (zero-dollar award) and 8,592 PSUs (zero-dollar award); total = 15,440 PSUs.
- Filing type/code: A (award/grant/acquisition) — derivative securities (PSUs).
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes:
- Each PSU is a contingent right to receive one share of Corning common stock.
- 6,848-PSU award was earned under the 2025 agreement and remains restricted until April 14, 2028, subject to continued service.
- 8,592-PSU award was earned under the 2024 agreement and remains restricted until April 15, 2027, subject to continued service.
- No 10b5-1 plan, tax-withholding sale, or sale of shares reported here.
Context
PSUs are performance-based long-term equity awards: they were "earned" because the Compensation Committee determined fiscal 2025 performance targets were met, but they remain restricted and will convert to actual shares only if/time when vesting conditions (including continued employment) are satisfied on the listed vest dates. These awards are compensation, not open-market purchases or sales, so they do not directly signal buying or selling intent by the insider; their ultimate monetary value depends on Corning's stock price at vesting.
Insider Transaction Report
- Award
Performance Share Unit
[F1][F2]2026-02-04+6,848→ 6,848 total→ Common Stock (6,848 underlying) - Award
Performance Share Unit
[F1][F3]2026-02-04+8,592→ 19,750 total→ Common Stock (8,592 underlying)
- 16,380
Common Stock
Footnotes (3)
- [F1]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]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.
- [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 2024 agreement. Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.