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.