WEEKS WENDELL P 4

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.