Schlesinger Edward A 4
4 · CORNING INC /NY · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) CFO Edward Schlesinger Exercises Awards, Withholds Shares
What Happened
Edward A. Schlesinger, Executive Vice President and CFO of Corning Inc. (GLW), converted/ exercised a total of 63,069 performance/restricted share units into common stock on 2026-04-15 (19,088 + 43,981). To satisfy tax withholding obligations, 30,715 shares were withheld at $168.27 per share, equal to $5,168,413. The conversions show $0 exercise price (these were award unit conversions, not option purchases).
Key Details
- Transaction date: April 15, 2026; Form 4 filed April 16, 2026 (next-day filing).
- Converted/Exercised: 63,069 performance/restricted units (19,088 + 43,981) @ $0 exercise price.
- Tax withholding: 30,715 shares withheld @ $168.27 = $5,168,413 (reported as payment of tax liability).
- Shares owned after the transaction: not specified in the filing.
- Footnotes: PSUs and RSUs are contingent rights to receive one share each; various PSU/RSU awards have vesting/settlement dates (some remain restricted until 2026–2029 per footnotes).
- Filing timeliness: no late filing indicated (filed 1 day after the transaction).
Context
This was an award conversion (performance share units / restricted stock units) rather than an open-market sale or purchase. The withholding of 30,715 shares to cover taxes is a routine, administrative step and should not be read as a discretionary sale signaling sentiment. For retail investors, conversions and tax-withholdings are common when awards vest; they differ from open-market insider purchases or sales.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-15+19,088→ 74,560 total - Exercise/Conversion
Common Stock
2026-04-15+43,981→ 118,541 total - Tax Payment
Common Stock
2026-04-15$168.27/sh−30,715$5,168,413→ 87,826 total - Exercise/Conversion
Restricted Stock Unit
[F4][F8]2026-04-15−19,088→ 0 total→ Common Stock (19,088 underlying) - Exercise/Conversion
Performance Share Unit
[F1][F9]2026-04-15−43,981→ 0 total→ Common Stock (43,981 underlying)
- 35,275
Performance Share Unit
[F1][F2]→ Common Stock (35,275 underlying) - 16,953
Performance Share Unit
[F1][F3]→ Common Stock (16,953 underlying) - 21,888
Restricted Stock Unit
[F4][F5]→ Common Stock (21,888 underlying) - 24,327
Restricted Stock Unit
[F4][F6]→ Common Stock (24,327 underlying) - 10,114
Restricted Stock Unit
[F4][F7]→ Common Stock (10,114 underlying)
Footnotes (9)
- [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]The restricted stock units (RSUs) vest 100% on April 16, 2029. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
- [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.
- [F9]Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.