Musser Eric S 4

What Happened

• Eric S. Musser, retired president of Corning Inc. (GLW), was credited with a total of 92,543 performance share units (PSUs) on Feb 4, 2026 (17,120 + 30,227 + 45,196). On the same date he had 3,284 derivative units converted/exercised (610 + 1,072 + 1,602). To satisfy tax withholding, 3,284 shares were surrendered/sold at $109.69 each, generating proceeds of approximately $360,222. The new PSUs were recorded as awards (no cash paid) and the exercises/conversions show $0 exercise price (derivative-to-stock conversion).

Key Details

• Transaction date: February 4, 2026; filing date: February 6, 2026 (Form 4 filed within standard reporting window).
• Prices and values: PSUs and conversions recorded at $0.00 (award/derivative conversion). Tax withholding sale: 3,284 shares at $109.69 = $360,222.
• Shares received/awarded: 92,543 PSUs granted/earned (subject to conversion/vesting terms).
• Shares exercised/converted: 3,284 derivative units converted; those 3,284 shares were used to satisfy tax withholding (disposition).
• Footnotes: PSUs are contingent rights to receive one share each (F1). Portions vested/converted to satisfy tax requirements under 2023–2025 agreements (F2–F4). The PSUs were earned Feb 4, 2026 because performance criteria were met; they remain restricted and will convert to common stock on future vesting dates subject to service-based conditions (F5–F7).
• Shares owned after transaction: not specified in the provided filing.

Context

• This was largely an awards and conversion event, not an open-market buy. The sale/transfer of 3,284 shares was a sell-to-cover (tax withholding) transaction commonly used to satisfy related tax liabilities following awards or exercises.
• Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = payment of exercise price or tax liability. These actions are routine compensation-related moves and do not necessarily indicate a personal bullish or bearish view.