O'Day Michael Paul 4
4 · CORNING INC /NY · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Michael O'Day Exercises RSUs, Sells Shares for Taxes
What Happened
Michael Paul O'Day, Senior Vice President and GM, Optical Communications at Corning, converted/exercised 1,091 derivative units into common shares on 2026-02-09 (reported exercise/conversion at $0). To cover tax withholding, 314 shares were disposed at $131.39 per share, generating approximately $41,256. The filing was submitted on 2026-02-11.
Key Details
- Transaction date: 2026-02-09; filing date: 2026-02-11 (appears timely).
- Exercise/conversion: 1,091 derivative units converted into shares (transaction code M) reported with $0 exercise price.
- Tax withholding/disposition: 314 shares disposed (transaction code F) at $131.39 each = $41,256 withheld/paid.
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes indicate these were restricted stock units (RSUs) convertible 1:1 to common stock and list various vesting schedules (examples include 100% vesting on 4/15/2026, 4/15/2027, 4/14/2028, and a multi-step schedule for a 2/8/2023 grant).
Context
This was essentially a conversion/settlement of RSUs with a net share withholding to satisfy tax obligations (a common cashless/net-settlement approach). Conversion of RSUs is not an open‑market purchase or sale signal by itself; the only sale here was the tax withholding of 314 shares. The filing contains standard RSU vesting footnotes; no 10b5‑1 plan, gift, or other special circumstances were noted in the provided data.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-09+1,091→ 31,006 total - Tax Payment
Common Stock
2026-02-09$131.39/sh−314$41,256→ 30,692 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-02-09−1,091→ 0 total→ Common Stock (1,091 underlying)
- 6,460
Restricted Stock Unit
[F1][F2]→ Common Stock (6,460 underlying) - 14,704
Restricted Stock Unit
[F1][F3]→ Common Stock (14,704 underlying) - 6,244
Restricted Stock Unit
[F1][F4]→ Common Stock (6,244 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]The restricted stock units (RSUs) vest 100% on April 15, 2027. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F3]The restricted stock units (RSUs) vest 100% on April 14, 2028. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F4]The restricted stock units (RSUs) vest 100% on April 15, 2026. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [F5]The restricted stock units (RSUs) granted on February 8, 2023 vest 1/3 after 1 year from the grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.