Amin Jaymin 4
Research Summary
AI-generated summary
Corning (GLW) SVP Amin Jaymin Exercises RSUs; 953 Shares Withheld
What Happened
- Amin Jaymin, Senior Vice President & Chief Technology Officer of Corning Inc. (GLW), converted/exercised 2,641 restricted stock units (derivative conversion) on Feb 9, 2026. The conversion is reported at $0.00 per share (a non-cash RSU-to-share conversion).
- To cover tax withholding, 953 of the resulting shares were withheld at a valuation of $131.39 each, totaling $125,215. Net shares delivered to Jaymin after withholding were 1,688 (2,641 − 953).
- This was not an open-market sale or purchase by the insider; it reflects vesting/conversion of compensation awards and routine tax withholding.
Key Details
- Transaction date: Feb 9, 2026; Form 4 filed Feb 11, 2026 (timely filing).
- Conversion reported at $0.00 per share (code M). Tax withholding reported as disposition of 953 shares at $131.39 each (code F), amount $125,215.
- Net shares received: 1,688 (after withholding). Shares owned following transaction: not stated in the provided filing.
- Notable footnotes: F2 confirms each RSU equals one share; F5 (and other footnotes F3–F6) describe vesting schedules for various RSU grants. F1 notes other ownership held in 401(k) units as of Jan 31, 2026.
- No 10b5-1 plan or late-filing indication shown.
Context
- This is a conversion/settlement of equity compensation (RSUs), not a market buy or open-market sale. Withholding of shares to cover taxes (code F) is a common, routine step and not necessarily a signal of insider sentiment.
- For retail investors, purchases or open-market buys by insiders are often more informative than routine vesting; this filing primarily documents compensation settlement and tax withholding.