Verkleeren Ronald L 4
Research Summary
AI-generated summary
Corning (GLW) SVP Ronald Verkleeren Exercises RSUs
What Happened
Ronald L. Verkleeren, Senior VP of the Emerging Innovations Group at Corning (GLW), converted 2,476 restricted stock units (RSUs) into common shares on February 9, 2026. As part of the vesting/settlement, 893 shares were withheld to satisfy tax withholding obligations, valued at approximately $131.39 per share (≈ $117,331). The conversion entries show $0 per-share exercise price, consistent with an RSU-to-share conversion rather than a paid stock option exercise.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (reporting period 2026-02-09).
- Conversion/exercise (code M): 2,476 RSUs converted to shares @ $0.00.
- Tax withholding (code F): 893 shares withheld/disposed @ $131.39 = $117,331 to cover tax liability.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 clarifies each RSU equals a contingent right to one share; F2–F5 describe vesting schedules for various RSU grants (including 100% vesting dates in 2026–2028 and a 2023 grant with staged vesting).
- No indication in the filing that this was a late report.
Context
This was a conversion/settlement of RSUs with a portion of shares surrendered for tax withholding — a routine administrative action rather than an open-market sale or purchase. RSU conversions commonly show $0 exercise price because they represent previously granted compensation converting into shares; withholding to cover taxes is standard practice and does not necessarily signal insider sentiment about the stock.