Verkleeren Ronald L 4
4 · CORNING INC /NY · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Ronald Verkleeren Receives PSUs; 1,286 Shares Withheld
What Happened Ronald L. Verkleeren, SVP of the Emerging Innovations Group at Corning (GLW), was credited with 36,232 performance share units (PSUs) on Feb 4, 2026 after the Compensation Committee determined 2025 performance criteria were met. Those PSUs are derivative awards (contingent rights to common stock) and remain restricted. To satisfy tax withholding obligations, 1,286 share equivalents were surrendered/withheld at a notional price of $109.69 per share, totaling $141,061.
Key Details
- Transaction date: February 4, 2026; Form 4 filed February 6, 2026 (timely).
- Awards: 8,445 + 11,137 + 16,650 PSUs = 36,232 PSUs (derivative awards).
- Tax withholding: 1,286 shares withheld/ surrendered at $109.69/share = $141,061 (reported as F-type disposition).
- Price reported for awards/conversions: $0.00 (derivative awards/PSU conversion entries).
- Vesting/settlement: PSUs were earned Feb 4, 2026 and remain restricted with service-based vesting: vest dates April 15, 2026; April 15, 2027; and April 14, 2028 (per agreements for 2023–2025).
- Shares owned after the transactions: not disclosed in the provided filing.
- Transaction codes: A = Award/Grant (PSUs); M = Exercise/Conversion of derivative; F = Payment of exercise price / tax withholding.
Context PSUs are contingent awards (not an open-market purchase) that convert to common stock only if service/vesting conditions are satisfied; here the awards were earned based on performance but remain restricted until the listed future vesting dates. The 1,286-share disposition reflects routine withholding to cover tax liabilities on the earned PSUs, not a market sale. This filing reports compensation-related derivative activity rather than a direct buy or sell of stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-04+300→ 32,800 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+395→ 33,195 total - Exercise/Conversion
Common Stock
[F1]2026-02-04+591→ 33,786 total - Tax Payment
Common Stock
2026-02-04$109.69/sh−1,286$141,061→ 32,500 total - Award
Performance Share Unit
[F1][F2]2026-02-04+8,445→ 8,445 total→ Common Stock (8,445 underlying) - Award
Performance Share Unit
[F1][F3]2026-02-04+11,137→ 24,938 total→ Common Stock (11,137 underlying) - Award
Performance Share Unit
[F1][F4]2026-02-04+16,650→ 33,162 total→ Common Stock (16,650 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F5]2026-02-04−300→ 8,145 total→ Common Stock (300 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F6]2026-02-04−395→ 24,543 total→ Common Stock (395 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F7]2026-02-04−591→ 32,571 total→ Common Stock (591 underlying)
Footnotes (7)
- [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.
- [F4]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 2023 agreement. Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F5]Vesting to satisfy tax requirement pursuant to the 2025 agreement.
- [F6]Vesting to satisfy tax requirement pursuant to the 2024 agreement.
- [F7]Vesting to satisfy tax requirement pursuant to the 2023 agreement.