Fang Li 4

What Happened

Fang Li, Senior Vice President, Corning International & NBD, Solar, had 1,944 restricted stock units (cash-settled RSUs) convert and be disposed to the issuer on February 9, 2026. The RSUs were recorded as exercised/converted at $0.00 and then disposed to the issuer at $131.39 per unit, resulting in proceeds of $255,422. The Form 4 lists both the derivative-conversion and the subsequent disposition (one derivative line shows a $0 value consistent with cash-settled awards).

Key Details

• Transaction date: 2026-02-09.
• Conversion/exercise (code M): 1,944 units @ $0.00.
• Disposition to issuer (code D): 1,944 units @ $131.39; total proceeds $255,422.
• Footnote F1: These are cash-settled RSUs (each RSU is economically equivalent to one share but settled in cash).
• Footnote F2: These RSUs were from a Feb 8, 2023 grant with a multi-year vesting schedule (1/3 after 1 year, then 1/6 every 6 months until year 3).
• Filing timeliness: No late filing flag indicated in the provided data.

Context

This was not an open-market sale but a cash settlement of vested RSUs—effectively a conversion of derivative awards followed by a cash payout to the insider. Such transactions are routine for vesting awards and reflect compensation settlement rather than a discretionary stock sale; they do not by themselves indicate the insider’s view on the company’s prospects.