Kammerud Jordana Daryl 4
4 · CORNING INC /NY · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Jordana Kammerud Converts Awards; Withholds 9,018 Shares
What Happened
Jordana Daryl Kammerud, Senior Vice President of Corning Inc. (GLW), converted 18,515 derivative award units into common shares on April 15, 2026 (two conversions: 12,845 and 5,670 shares). There was no cash exercise price for the conversions (reported at $0.00). To cover tax withholding, 9,018 shares were surrendered at $168.27 per share, totaling $1,517,459. After withholding, the insider received a net of 9,497 shares.
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 16, 2026 (timely).
- Conversion entries: 12,845 and 5,670 shares acquired via derivative conversion (code M) at $0.00.
- Tax withholding: 9,018 shares disposed to cover tax liability (code F) at $168.27/share = $1,517,459.
- Net shares added: 18,515 acquired − 9,018 withheld = 9,497 shares retained.
- Shares owned after transaction: not specified in the filing.
- Footnotes: awards include performance share units (PSUs) and restricted stock units (RSUs); some awards vest/convert on April 15, 2026 (see footnotes F1, F7, F8) while other awards in the filing reference later vesting dates (F2–F6).
Context
- This was a conversion/vesting of company awards (not an open-market purchase or a sale); the withholding of shares to satisfy taxes is routine and does not represent an open-market sale for investment purposes.
- Transaction codes: M = exercise/conversion of a derivative award; F = payment of exercise price or tax liability via share withholding.
- No indication of a 10% owner or a Section 16 late filing issue; the report was filed the next day and appears timely.
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Common Stock
2026-04-15+12,845→ 15,617 total - Exercise/Conversion
Common Stock
2026-04-15+5,670→ 21,287 total - Tax Payment
Common Stock
2026-04-15$168.27/sh−9,018$1,517,459→ 12,269 total - Exercise/Conversion
Performance Share Unit
[F1][F7]2026-04-15−12,845→ 0 total→ Common Stock (12,845 underlying) - Exercise/Conversion
Restricted Stock Unit
[F4][F8]2026-04-15−5,670→ 0 total→ Common Stock (5,670 underlying)
Holdings
- 20,559
Performance Share Unit
[F1][F2]→ Common Stock (20,559 underlying) - 2,714
Performance Share Unit
[F1][F3]→ Common Stock (2,714 underlying) - 9,923
Restricted Stock Unit
[F4][F5]→ Common Stock (9,923 underlying) - 3,804
Restricted Stock Unit
[F4][F6]→ Common Stock (3,804 underlying)
Footnotes (8)
- [F1]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F3]Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F4]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F5]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.
- [F6]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.
- [F7]Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F8]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.
Signature
Melissa J. Gambol, Power of Attorney|2026-04-16