Verkleeren Ronald L 4

What Happened

• Ronald L. Verkleeren, Senior Vice President, Emerging Innovations Group at Corning Incorporated (GLW), had equity awards convert to common stock on April 15, 2026. The filing shows conversions/exercises of 32,571 and 14,332 derivative units (total 46,903 shares) with an exercise/conversion price of $0 (these were award conversions, not purchases).
• To satisfy tax withholding, 22,843 of the resulting shares were surrendered at an implied value of $168.27 per share, totaling $3,843,792. This withholding is recorded as a disposition to cover tax liability, not an open‑market sale.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 16, 2026 (timely).
• Conversions/exercises: 32,571 shares (M) and 14,332 shares (M) at $0.00 (acquired via award conversion).
• Tax withholding/disposition: 22,843 shares (F) at $168.27 = $3,843,792 surrendered to cover taxes.
• Shares owned after the transaction: Not specified in the provided filing.
• Relevant footnotes: PSUs and RSUs represent contingent rights to one share each; certain earned PSUs/RSUs vest or remain restricted until specified future dates (see filing footnotes F1–F9). The conversion here reflects award vesting/conversion and withholding.

Context

• These transactions are conversions of performance/restricted stock awards (derivative exercise/conversion), not purchases or open‑market sales. The 22,843‑share disposition is a standard tax withholding (common when awards vest) rather than a sentiment-driven sale.
• Exercise/conversion price $0 indicates these were previously granted awards (PSUs/RSUs). No cash purchase was reported.