CORNING INC /NY·4

Feb 11, 4:23 PM ET

Schlesinger Edward A 4

4 · CORNING INC /NY · Filed Feb 11, 2026

Research Summary

AI-generated summary of this filing

Updated

Corning (GLW) CFO Edward Schlesinger Exercises/Converts PSUs; Sells 723 Shares

What Happened

  • Edward A. Schlesinger, Executive Vice President and Chief Financial Officer of Corning Inc. (GLW), converted 1,415 performance share units (PSUs) into common shares on 2026-02-09. To satisfy tax withholding, 723 of those shares were withheld/sold at $131.39 per share for a total of $94,995. The Form 4 records the conversion of the PSUs and the tax-withholding disposition.

Key Details

  • Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely filing).
  • Conversions/exercises: 1,415 PSUs converted to common stock (reported as derivative exercise/conversion, code M) at $0.00 exercise price.
  • Tax withholding/disposition: 723 shares disposed at $131.39 each, proceeds (withheld) = $94,995 (code F).
  • Shares owned after transaction: not disclosed in the information provided on the filing.
  • Footnotes: F1–F5 indicate these are performance share units (each represents the right to one share) and note vesting/restriction schedules (PSUs remain restricted until vest/convert dates in April 2026, 2027, 2028, with a multi-year vest schedule for PSUs earned Feb 7, 2024).
  • No 10b5-1 plan or other special plan is indicated in the supplied details.

Context

  • This was a conversion of awarded PSUs, not an open-market purchase. The sale of 723 shares was to cover tax withholding — a routine administrative step common when awards vest or convert (often called a “sell-to-cover”).
  • The PSUs remain subject to the vesting and restriction terms described in the footnotes (i.e., future vesting dates and service-based requirements), so these conversions/sales do not necessarily reflect discretionary trading decisions.

Insider Transaction Report

Form 4
Period: 2026-02-09
Schlesinger Edward A
Exec. Vice President and CFO
Transactions
  • Exercise/Conversion

    Common Stock

    2026-02-09+1,41556,195 total
  • Tax Payment

    Common Stock

    2026-02-09$131.39/sh723$94,99555,472 total
  • Exercise/Conversion

    Performance Share Unit

    [F1][F5]
    2026-02-091,4150 total
    Common Stock (1,415 underlying)
Holdings
  • Performance Share Unit

    [F1][F2]
    Common Stock (43,981 underlying)
    43,981
  • Performance Share Unit

    [F1][F3]
    Common Stock (35,275 underlying)
    35,275
  • Performance Share Unit

    [F1][F4]
    Common Stock (16,953 underlying)
    16,953
Footnotes (5)
  • [F1]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
  • [F2]Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
  • [F3]Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
  • [F4]Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
  • [F5]The performance share units (PSUs) earned February 7, 2024 will vest 1/3 after 1 year from the February 8, 2023 grant date and 1/6 every 6 months thereafter until fully vested on the third anniversary of the grant date.
Signature
Melissa J. Gambol, Power of Attorney|2026-02-11

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT