WEEKS WENDELL P 4
4 · CORNING INC /NY · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) CEO Wendell Weeks Sells 165,622 Shares for Taxes
What Happened
- Wendell P. Weeks, Chairman, CEO and President of Corning Inc. (GLW), had restricted/performance awards convert to common stock on April 15, 2026. A total of 340,084 shares were issued to him through exercise/conversion of derivative awards (two entries: 235,610 and 104,474 shares, acquired at $0).
- To satisfy tax withholding obligations, 165,622 of those shares were disposed/withheld at a reported price of $168.27 per share, generating proceeds of $27,869,214. Net of the withholding, Weeks received 174,462 shares (340,084 vested − 165,622 withheld).
Key Details
- Transaction date: April 15, 2026.
- Conversion/acquisition: 235,610 and 104,474 shares (total 340,084) recorded as exercise/conversion of derivative (code M) at $0.
- Tax withholding/payment: 165,622 shares (code F) at $168.27 = $27,869,214.
- Net new shares retained by Weeks after withholding: 174,462 shares.
- Notable footnotes: F11 indicates the RSUs vested 100% on April 15, 2026; F10/F3/F6 describe PSUs/RSUs as contingent rights that convert to common stock; F1 disclaims spouse beneficial ownership; F2 notes certain holdings held in the company 401(k) as of March 31, 2026.
- Filing timeliness: No indication in the report that the filing was late.
Context
- This was a routine vesting/conversion of restricted and/or performance awards, not an open-market purchase. The sale/disposition of 165,622 shares was a tax-withholding event (common when awards vest), effectively a cashless method to cover tax liability rather than a directional trade signal.
- For retail investors, vesting and withholding transactions are typically administrative. Purchases by insiders are more directly interpreted as bullish signals; tax-related withholdings are neutral administrative actions.
Insider Transaction Report
Form 4
WEEKS WENDELL P
DirectorChairman, CEO and President
Transactions
- Exercise/Conversion
Common Stock
2026-04-15+235,610→ 969,501 total - Exercise/Conversion
Common Stock
2026-04-15+104,474→ 1,073,975 total - Tax Payment
Common Stock
2026-04-15$168.27/sh−165,622$27,869,214→ 908,353 total - Exercise/Conversion
Performance Share Unit
[F3][F10]2026-04-15−235,610→ 0 total→ Common Stock (235,610 underlying) - Exercise/Conversion
Restricted Stock Unit
[F6][F11]2026-04-15−104,474→ 0 total→ Common Stock (104,474 underlying)
Holdings
- 9,200(indirect: By Spouse)
Common Stock
[F1] - 7,135.867(indirect: By Spouse)
Common Stock
[F2][F1] - 11,762.866(indirect: By Trust)
Common Stock
[F2] - 178,486
Performance Share Unit
[F3][F4]→ Common Stock (178,486 underlying) - 60,106
Performance Share Unit
[F3][F5]→ Common Stock (60,106 underlying) - 111,863
Restricted Stock Unit
[F6][F7]→ Common Stock (111,863 underlying) - 86,634
Restricted Stock Unit
[F6][F8]→ Common Stock (86,634 underlying) - 30,868
Restricted Stock Unit
[F6][F9]→ Common Stock (30,868 underlying)
Footnotes (11)
- [F1]The reporting person disclaims beneficial ownership of all securities held by spouse.
- [F10]Earned PSUs remain restricted until April 15, 2026, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F11]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.
- [F2]Ownership is represented by units held in a unitized stock fund through the issuer's 401(k) retirement plan as of March 31, 2026.
- [F3]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F4]Earned PSUs remain restricted until April 15, 2027, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F5]Earned PSUs remain restricted until April 14, 2028, when they vest and convert to common stock, subject to service-based vesting requirement.
- [F6]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F7]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.
- [F8]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.
- [F9]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.
Signature
Melissa J. Gambol, Power of Attorney|2026-04-16