Seetharam Soumya 4

What Happened

• Soumya Seetharam, Senior Vice President & Chief Digital Information Officer of Corning (GLW), was granted three performance share unit (PSU) awards on Feb 4, 2026 totaling 33,852 PSUs (8,445; 10,182; 15,225). Each PSU is a contingent right to one share of Corning common stock. The awards are reported as derivative grants with a reported grant price of $0.00 (no cash purchase).

Key Details

• Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (appears filed within the usual 2-business-day window).
• Grants and vesting schedule (per footnotes):
  • 8,445 PSUs earned under the 2025 agreement — vests/convert April 14, 2028 (subject to service-based vesting).
  • 10,182 PSUs earned under the 2024 agreement — vests/convert April 15, 2027 (subject to service-based vesting).
  • 15,225 PSUs earned under the 2023 agreement — vests/convert April 15, 2026 (subject to service-based vesting).
• Price/value reported: $0.00 per unit; total reported value $0 (derivative award accounting).
• Shares owned after transaction: not disclosed in the filing.
• Reason/trigger: PSUs were earned because the Compensation Committee determined FY2025 performance criteria were satisfied.

Context

• These are performance-based equity awards, not open-market purchases or sales. PSUs convert to common stock only if performance and service conditions are met and on the stated vesting dates, so they do not represent immediately tradable shares. Such awards are common executive compensation and reflect achievement of pre-set performance goals rather than insider buying or selling.