WEEKS WENDELL P 4

What Happened

• Wendell P. Weeks, Chairman, CEO & President (and Director) of Corning Incorporated, exercised stock options and immediately sold the resulting shares on Feb 26, 2026. He exercised 137,514 options at a $27.00 strike (cost $3,712,878) and sold those 137,514 shares in the open market for total proceeds of about $21,365,839 (weighted avg price $155.37). He also made a separate gift of 16,694 shares the same day. The filing shows the option conversion recorded as a derivative transaction (a technical reporting line at $0.00).

Key Details

• Date: 2026-02-26 (Form 4 filed 2026-02-27 — timely)
• Exercise: 137,514 shares acquired via option exercise at $27.00 strike; total exercise cost $3,712,878.
• Sale: 137,514 shares sold, weighted-average price $155.37, total proceeds ≈ $21,365,839. (Sale prices ranged $154.45–$157.17 — reporter can provide per-trade breakdown per footnote F1.)
• Gift: 16,694 shares were transferred as a gift (no proceeds reported).
• Shares owned after transaction: not specified in the provided excerpt of the Form 4.
• Footnotes: F1 = weighted-average sale price and price range; F2 = disclaims spouse beneficial ownership; F3 = some ownership represented by 401(k) unitized fund as of Jan 31, 2026; F4 = options vested 100% after three years from grant.
• Timeliness: Filing was submitted the next day (no late filing indicated).

Context

• This was a cashless-style transaction: options were exercised and the acquired shares were sold immediately, which is common for executives to cover exercise costs and taxes. The separate gift of 16,694 shares should not be interpreted as a market sentiment indicator. The F4 note indicates the options had fully vested.