STEVERSON LEWIS A 4

What Happened
Lewis A. Steverson, Vice Chairman, EVP and Chief Legal & Administrative Officer of Corning (GLW), converted 1,958 performance-based derivative awards into common shares on Feb 9, 2026. Of those, 706 shares were surrendered to cover tax withholding (valued at $92,761 based on a weighted avg price of $131.39). He also sold 15,366 shares in an open-market transaction on Feb 10, 2026 for total proceeds of $2,000,956 (weighted avg price $130.22). Overall this filing reports net dispositions (sales/withholding) — a liquidity event rather than a purchase.

Key Details

• Transaction dates: Feb 9, 2026 (conversion and tax withholding) and Feb 10, 2026 (open-market sale). Filing date: Feb 11, 2026 (timely).
• Conversion: 1,958 derivative units converted to common stock (each PSU = 1 share per footnote).
• Tax withholding: 706 shares surrendered at a weighted avg price of $131.39 for $92,761 (reported as F - tax withholding).
• Open-market sale: 15,366 shares sold at a weighted avg of $130.22 for $2,000,956; reported sale-price range $129.89–$130.52 (see footnote F1).
• Shares owned after the transactions: not stated in the provided excerpt — see the filed Form 4 for total post-transaction holdings.
• Relevant footnotes: F1 (price range for sales); F2–F6 describe that these were performance share units (PSUs) with specified vesting/settlement schedules and remaining restrictions for certain earned PSUs.

Context

• This was a conversion of performance-based derivative awards (PSUs) and subsequent sales; 706 shares were used to satisfy tax withholding (a common cashless-settlement step), and a larger block was sold in the open market.
• Such sales are typically routine liquidity events following vesting/conversion; they do not by themselves indicate management’s view of the company’s prospects.