Form 4: Corning COO's Stock Activity: RSU Vesting & Sale
Statement of Changes in Beneficial Ownership
Corning's COO, Avery H. Nelson III, reported the vesting of restricted stock units and a subsequent sale of shares for tax purposes.
Summary
- Avery H. Nelson III, Executive Vice President & COO of Corning Inc., reported transactions involving company common stock.
- On August 8, 2025, Nelson acquired 2,476 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
- Concurrently, Nelson disposed of 1,264 shares of common stock at a price of $65.77, primarily to cover tax obligations related to the RSU vesting.
- Following these transactions, Nelson directly holds 66,050 shares of Corning Inc. common stock.
- Additionally, Nelson indirectly holds 3,814.5206 shares through a unitized stock fund in the issuer's 401(k) retirement plan as of July 31, 2025.
- Nelson also holds unvested restricted stock units, including 21,442 units vesting on April 15, 2027; 24,374 units vesting on April 14, 2028; and 17,838 units vesting on April 15, 2026.
Sentiment
Score: 5
Explanation: The filing reports routine executive compensation-related stock transactions (RSU vesting and tax-related sale). It does not indicate discretionary buying or selling, nor does it contain any new positive or negative operational or financial news.
Positives
- The vesting of 2,476 restricted stock units indicates the realization of executive compensation.
- A net increase of 1,212 shares in direct ownership (2,476 acquired minus 1,264 sold for tax) demonstrates continued equity holding by a key executive.
Negatives
- The disposition of 1,264 shares, even for tax purposes, represents a reduction in the executive's direct equity stake.
Future Outlook
Avery H. Nelson III holds additional unvested restricted stock units, with significant tranches scheduled to vest on April 15, 2026 (17,838 units), April 15, 2027 (21,442 units), and April 14, 2028 (24,374 units), indicating future equity compensation realization.
Industry Context
This filing is a routine disclosure of executive compensation-related stock transactions and does not provide broader insights into industry trends or competitive positioning.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine compensation-related transactions, not a discretionary sale indicating lack of confidence. The executive maintains a significant equity stake.
- Employees: No direct impact.
- Customers: No direct impact.
- Suppliers: No direct impact.
- Creditors: No direct impact.
Next Steps
- Vesting of 17,838 restricted stock units on April 15, 2026.
- Vesting of 21,442 restricted stock units on April 15, 2027.
- Vesting of 24,374 restricted stock units on April 14, 2028.
Key Dates
| Date | Description |
|---|---|
| 2023-02-08 | Grant date for 2,476 restricted stock units that began vesting after one year. |
| 2025-07-31 | Date as of which indirect ownership through 401(k) plan was reported. |
| 2025-08-08 | Transaction date for the acquisition of 2,476 shares from RSU vesting and disposition of 1,264 shares for tax withholding. |
| 2025-08-12 | Date the Form 4 was signed and filed. |
| 2026-04-15 | Vesting date for 17,838 restricted stock units. |
| 2027-04-15 | Vesting date for 21,442 restricted stock units. |
| 2028-04-14 | Vesting date for 24,374 restricted stock units. |
Keywords
Corning Inc., GLW, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Sale, Tax Withholding
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