Schlesinger Edward A 4
4 · CORNING INC /NY · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
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
Schlesinger Edward A
Exec. Vice President and CFO
Transactions
- Exercise/Conversion
Common Stock
2026-02-09+1,415→ 56,195 total - Tax Payment
Common Stock
2026-02-09$131.39/sh−723$94,995→ 55,472 total - Exercise/Conversion
Performance Share Unit
[F1][F5]2026-02-09−1,415→ 0 total→ Common Stock (1,415 underlying)
Holdings
- 43,981
Performance Share Unit
[F1][F2]→ Common Stock (43,981 underlying) - 35,275
Performance Share Unit
[F1][F3]→ Common Stock (35,275 underlying) - 16,953
Performance Share Unit
[F1][F4]→ Common Stock (16,953 underlying)
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