Kammerud Jordana Daryl 4

What Happened

• Jordana D. Kammerud, Senior Vice President of Corning Incorporated (GLW), was credited with performance share units (PSUs) that were earned February 4, 2026. The filing shows awards totaling 16,673 PSUs (2,815 + 7,212 + 6,646) under different agreements. On the same date, 593 shares (101 + 256 + 236) were converted/exercised and then 593 shares were withheld to satisfy tax withholding at $109.69 per share, totaling $65,046. These awards are performance-based and reported as derivative awards (no cash purchase).

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely).
• Awards: 2,815; 7,212; and 6,646 PSUs earned (total 16,673) — reported as grants/awards at $0 (derivative).
• Conversion/Withholding: 593 shares converted/exercised and 593 shares withheld to satisfy tax liability at $109.69/share = $65,046 (reported as a disposal for tax withholding).
• Shares owned after transaction: not provided in the supplied excerpt of the filing.
• Relevant footnotes: F1–F4 clarify PSUs convert 1:1 to stock when/if vested; F2–F4 specify different vesting dates (Apr 14, 2028; Apr 15, 2027; Apr 15, 2026) and that PSUs were earned per Compensation Committee action for fiscal 2025; F5–F7 indicate withholding to satisfy tax obligations.
• Transaction codes: A = Award/Grant, M = Exercise/Conversion of derivative, F = Tax withholding (disposal).

Context

• These were performance-based PSU awards (not open-market purchases or discretionary sales). The majority of the PSUs remain restricted and will convert to common stock only on their scheduled vesting dates and subject to service conditions. The small share disposal reported here was a standard tax-withholding action, not an intent to sell remaining shares in the open market.