Becker Stefan 4
4 · CORNING INC /NY · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Corning (GLW) SVP Stefan Becker Receives RSUs, Withholds 2,795 Shares
What Happened
Stefan Becker, SVP, Finance & Corporate Controller at Corning Inc. (GLW), had 2,795 restricted/performance equity units convert into common shares on April 29, 2026 (reported May 1, 2026). All 2,795 shares were withheld to satisfy tax obligations at an average price of $151.90 per share, totaling $424,561. The filing shows the derivative conversion (code M) produced the shares and a tax withholding disposition (code F) removed them.
Key Details
- Transaction date: April 29, 2026; Form 4 filed May 1, 2026 (timely).
- Conversion: 2,795 shares acquired via exercise/conversion of derivative instruments (multiple RSU/PSU line items at $0.00).
- Withholding: 2,795 shares withheld/disposed to cover tax liability at $151.90 each = $424,561.
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes: F1/F5 note RSUs and PSUs each convert to one share; F3/F4 state vesting/withholding were to satisfy tax requirements under 2024 and 2025 agreements; F2 describes future vesting schedules for certain RSUs.
- Codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability.
Context
This appears to be a routine net settlement/tax-withholding event following vesting/conversion of company equity awards (not an open-market sale or purchase). Such withholdings are standard to cover withholding taxes and do not necessarily signal insider sentiment about the stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-04-29+674→ 28,937 total - Exercise/Conversion
Common Stock
2026-04-29+619→ 29,556 total - Exercise/Conversion
Common Stock
2026-04-29+1,073→ 30,629 total - Exercise/Conversion
Common Stock
2026-04-29+429→ 31,058 total - Tax Payment
Common Stock
2026-04-29$151.90/sh−2,795$424,561→ 28,263 total - Exercise/Conversion
Restricted Stock Unit
[F1][F3]2026-04-29−674→ 14,018 total→ Common Stock (674 underlying) - Exercise/Conversion
Restricted Stock Unit
[F1][F4]2026-04-29−619→ 12,886 total→ Common Stock (619 underlying) - Exercise/Conversion
Performance Share Unit
[F5][F3]2026-04-29−1,073→ 22,333 total→ Common Stock (1,073 underlying) - Exercise/Conversion
Performance Share Unit
[F5][F4]2026-04-29−429→ 8,930 total→ Common Stock (429 underlying)
- 4,846
Restricted Stock Unit
[F1][F2]→ Common Stock (4,846 underlying)
Footnotes (5)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
- [F2]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.
- [F3]Vesting to satisfy tax requirement pursuant to the 2024 agreement.
- [F4]Vesting to satisfy tax requirement pursuant to the 2025 agreement.
- [F5]Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.