Becker Stefan 4

What Happened

• Stefan Becker, SVP, Finance & Corporate Controller at Corning (GLW), had performance share units (PSUs) and restricted stock units (RSUs) convert/vest on April 15, 2026, resulting in 44,780 shares issued to him (31,046 + 13,734). There was no exercise price paid (reported at $0.00 for the conversion). To satisfy tax withholding, 22,861 of those shares were withheld at a reported value of $168.27 per share, totaling $3,846,820. Net shares delivered to Becker after withholding: 21,919.

Key Details

• Transaction date: 2026-04-15 (Form 4 filed 2026-04-16).
• Conversion/exercise code: M (exercise/conversion of derivative awards); withholding code: F (payment of tax liability).
• Shares acquired via conversion: 44,780 (31,046 and 13,734). Shares withheld for taxes: 22,861 @ $168.27 = $3,846,820.
• Net shares received by insider: 21,919.
• Relevant footnotes: F1 (PSU = contingent right to one share), F8 (earned PSUs vest/convert on 4/15/2026), F9 (RSUs vest 100% on 4/15/2026). The M dispositions reflect cancellation/conversion of the derivative awards.
• Filing timing: Reported the next day (appears timely); no 10b5-1 plan or other trading plan disclosed in this filing.

Context

• This was not an open-market buy or sell by the insider but a routine issuance on vesting of long-term awards, with a portion of shares withheld to cover tax obligations (a common, administrative transaction). Such withholding to satisfy taxes should not be read as a discretionary sale of stock.