Seetharam Soumya 4
4 · CORNING INC /NY · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Seetharam Exercises RSUs; Withholds 605 Shares
What Happened
Seetharam Soumya, Senior Vice President & Chief Digital and Information Officer at Corning Inc. (GLW), converted/exercised 2,261 restricted stock units (RSUs) on February 9, 2026. Of those shares, 605 were withheld to satisfy tax withholding obligations at an indicated price of $131.39 per share, equal to about $79,491. The RSU conversion shows no exercise price ($0.00), consistent with RSUs converting one-for-one to common shares.
Key Details
- Transaction date: 2026-02-09; conversion/exercise of 2,261 RSUs (code M) and tax withholding of 605 shares (code F) at $131.39/share ($79,491 total withheld).
- Report filed: 2026-02-11 (timely filing; within Section 16 reporting window).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 confirms each RSU equals one share. Other footnotes indicate RSU vesting schedules (examples: 100% vesting on 4/15/2026, 4/15/2027, 4/14/2028, and a multi-step schedule for a Feb 8, 2023 grant).
- Transaction types: M = exercise/conversion of derivative (RSU conversion), F = shares withheld to cover tax liability (not an open-market sale).
Context
This was a routine conversion/settlement of RSUs with shares withheld to satisfy tax obligations (a common, administrative step). It is not an open-market sale or purchase that necessarily signals a change in the insider’s view of the company. For retail investors, awarded or vested RSUs and subsequent tax-withholding transactions generally reflect compensation mechanics rather than active buying or selling for investment reasons.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-09+2,261→ 19,017 total - Tax Payment
Common Stock
2026-02-09$131.39/sh−605$79,491→ 18,412 total - Exercise/Conversion
Restricted Stock Unit
[F1][F5]2026-02-09−2,261→ 0 total→ Common Stock (2,261 underlying)
- 14,692
Restricted Stock Unit
[F1][F2]→ Common Stock (14,692 underlying) - 12,187
Restricted Stock Unit
[F1][F3]→ Common Stock (12,187 underlying) - 13,734
Restricted Stock Unit
[F1][F4]→ Common Stock (13,734 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.