Becker Stefan 4

What Happened

Stefan Becker, Senior Vice President, Finance & Corporate Controller of Corning Incorporated (GLW), was granted three performance-based awards on February 4, 2026 totaling 34,766 performance share units (PSUs): 9,359; 10,182; and 15,225 PSUs. Each award is recorded at $0.00 (derivative award), meaning no cash changed hands at grant—these are contingent rights to receive common stock if vesting conditions are met. The awards were earned per the Compensation Committee’s determination that fiscal 2025 performance criteria were satisfied.

Key Details

• Transaction date and type: Feb 4, 2026 — Awards/Grants (code A) recorded at $0.00 per unit.
• Awards total: 34,766 PSUs (9,359; 10,182; 15,225).
• Vesting / conversion: PSUs were earned for FY2025 under the company’s 2023, 2024 and 2025 agreements and convert to common stock upon vesting on the following dates: Apr 15, 2026; Apr 15, 2027; and Apr 14, 2028, respectively, subject to service-based vesting.
• Nature of award: F1–F4 explain PSUs are contingent rights to one share each upon vesting; awards reflect Compensation Committee determination that performance targets were met for FY2025.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Reported on Feb 6, 2026 for transactions dated Feb 4, 2026 — appears timely (Form 4 required within two business days).

Context

Performance share units are compensation tied to company performance and future service; they are not open-market purchases or sales and therefore do not directly signal an insider’s view to buy or sell stock. These awards indicate that Corning’s Compensation Committee certified achievement of FY2025 performance goals, triggering the earned PSU awards that will convert to shares only if the recipient remains eligible and the award vests on the listed dates.